The speaker is exploring whether options and other derivatives can be implemented as smart-contract-native contracts.

“I mean, one of the things that I'm thinking about is, um, yeah, it's like how, how can we take some of these derivative products, like options?”

“Can, can you make like really nice smart contract native options contracts? You know, there, there's been a tremendous amount of innovation in the traditional markets that's, to some degree, like stymied by how hard it is to just move off of mainframes onto more modern things and take all the counterparties that are, that rely on the system being predictable and slow-moving.”