Paul Grey
Founder, builder, and operator across blockchain, AI, and markets — based in New Zealand.

- Based in
- New Zealand
- Works at
- Metallicus · 6 yrs
- Founder of
- Proton NZ LTD
- Role
- BD · Strategy · Code
- Focus
- Stablecoins · banking · AI
- Building since
- 2014
I build practical systems at the frontier of money and AI — and I ship them.
For over a decade I've worked in crypto and blockchain, from the inside out. Today I run Proton NZ, the #1 block producer on XPR Network — production-grade infrastructure that keeps the chain fast, secure, and reliable — and Second Brain NZ, where I build AI memory and cognitive infrastructure for people and businesses.
But if you want to understand what I actually care about, it's this: stablecoins and blockchain for banking. I spend most of my time thinking about how regulated institutions can approach digital assets — not by being bypassed, but by being given better tools. The Metal Dollar model is the clearest expression of it: banks and credit unions keep their dollars on the balance sheet and issue compliant, interoperable digital equivalents, so deposits stay home instead of fleeing to offshore exchanges. Stablecoins as a mechanism of deposit retention, not capital flight.
That's the work I do at Metallicus, the company behind XPR Network, where I've spent the last six years across business development, strategy, and building. It's my number-one focus.
Around that core, I build at the edges where things get interesting. I created XPR Agents, a trustless registry where AI agents earn reputation and get paid through on-chain escrow — trust embedded structurally, not gamified socially. I built Shellbook, a social network for AI agents, a DEX, developer SDKs, and a handful of GameFi demos along the way.
I'm an active trader too — crypto and broader markets — and I write about what I learn from the screen. Everything I share there is an insight from doing the work, never financial advice.
I write from New Zealand, with an eye on the ANZ market: strong banking systems, high trust, exactly the foundation worth building on as digital assets mature. If that's the kind of work you think about too, I'm always open to a conversation.
What I believe
Institutions aren't the enemy
Banks and credit unions are cautious stewards of trust, not barriers to innovation. The opportunity is to give them better tools — compliant on-chain money that fits inside existing risk and governance models.
Infrastructure beats tokens
The work that lasts is payments rails, identity, compliance, custody, and tokenized real-world assets. Less 'what can we launch?', more 'what can scale, securely, in the real economy?'
Trust is a product feature
Post-blowups, trust isn't marketing — it's transparency, governance, and security by design. I build like a long-term operator, not a short-term trader.
Collaborative, not adversarial
Crypto doesn't have to mean debanking. The most interesting work is the middle ground where TradFi learns blockchain and crypto learns compliance and operational discipline.