Library

Research Archive

600+ reports published since 2020. Browse our full research library covering stablecoins, tokenization, regulation, and institutional infrastructure.

Subscribe to Research

Showing 100 articles

Date Title Category Tags

175: Stress test of DeFi

Fed debt buybacks, US military Bitcoin node, Treasury Secretary on crypto, and a major DeFi blow-up

DeFi Regulation

The $196M hole Aave didn't code

$6.28B walked out of Aave in under 24 hours, exposing systemic risks in DeFi lending

How the U.S. Weaponized the Dollar (And Stablecoins), with Eddie Fishman

NY Times bestselling author on economic statecraft, dollar dominance, and stablecoins

Stablecoins Geopolitics

Wall Street is tokenizing itself

DTCC's roadmap for tokenizing securities infrastructure

Tokenization Infrastructure

174: Goldman's first Bitcoin ETF

Goldman Sachs Bitcoin ETF, Deutsche Borse's $200M crypto bet, and more

European banks are building their stablecoin stack

UBS, PostFinance, and Swiss banks launched a joint CHF stablecoin sandbox

Stablecoins Europe

Deutsche Borse bought its way into US crypto stack

$200M for a 1.5% stake in Kraken

M&A Infrastructure

Wall Street's trust bank sprint

EDX Markets filed to charter EDX Trust as a national bank

Banking Regulation

173: Iran chose bitcoin

Iran's Bitcoin adoption, regulatory shifts, and weekly market signals

Bitcoin Geopolitics

The scalability trade-off is dead, with Bryan Pellegrino, CEO of LayerZero

On interoperability, institutional adoption, and the end of chain maximalism

Infrastructure L1/L2

SoFi is now a stablecoin bank

SoFi Bank launched an enterprise platform unifying fiat and digital assets

Stablecoins Banking

172: Four rules, five days

401ks, stablecoins, and the week's biggest regulatory moves

Regulation Stablecoins

Franklin paid in tokens

Franklin Templeton's move into tokenized payments

Tokenization Payments

Arizona is lending its Bitcoin

State-level Bitcoin reserve and lending strategy

Europe's $23T manager went on-chain

Europe's largest asset manager enters on-chain infrastructure

Tokenization Europe

Morgan Stanley is building a full crypto stack

Morgan Stanley's end-to-end digital asset infrastructure buildout

Banking Infrastructure

171: Fannie Mae accepts Bitcoin

Fannie Mae Bitcoin acceptance, and the week's institutional moves

The man who co-wrote HTTP/2 just reinvented payments

On building internet-native payment infrastructure

Payments Infrastructure

How Stripe is building the network state of money

Stripe's stablecoin and crypto infrastructure strategy

Payments Stablecoins

Wall Street just put stocks on a blockchain

Tokenized equities go live on institutional rails

Tokenization Markets

170: SEC, CFTC, Apollo, Mastercard, PayPal

Regulatory moves and institutional deployments from the week

Regulation Payments

SEC just clarified what a security is in crypto

New SEC guidance on digital asset classification

Hester Peirce rewrites the rules

SEC Commissioner's new regulatory framework for digital assets

Mastercard acquired BVNK for $1.8B

Mastercard's largest crypto acquisition and what it signals

Banks can't fire Florida

Florida's crypto banking regulations and institutional impact

Banking Regulation

NYSE's parent just bought $120M crypto infrastructure

ICE's crypto infrastructure acquisition play

M&A Infrastructure

169: NYSE, OKX, Kraken, ECB, Revolut

Weekly roundup of institutional and regulatory moves

Markets Regulation

The most important crypto bill is here

Analysis of landmark crypto legislation and market implications

Regulation Policy

Nasdaq just made Kraken a feature

Nasdaq's integration with Kraken and what it means for exchange infrastructure

Infrastructure Markets

The first crypto firm on Fedwire

A crypto company gains direct access to the Federal Reserve's payment system

Banking Payments

MoonPay, Iron, and the stablecoin endgame

How payment fintechs are converging on stablecoin infrastructure

Stablecoins Payments

BNP Paribas picked a public chain

One of Europe's largest banks selects public blockchain infrastructure

Banking Infrastructure

Wall Street's weekend just died

24/7 trading goes mainstream at major financial institutions

Markets Infrastructure

Your AI shopped while you slept

Agentic commerce, AI-driven transactions, and what it means for payments

168: Institutions aren't waiting

Weekly roundup of institutional digital asset deployments

Markets Infrastructure

NYSE goes on-chain, with Michael Blaugrund

NYSE COO on blockchain integration and the future of exchange infrastructure

Markets Infrastructure

Fidelity's new stablecoin

Fidelity enters the stablecoin market

Stablecoins Banking

USDC prints $27B, Coinbase keeps 60%

Circle-Coinbase economics and stablecoin revenue distribution

Stablecoins Markets

Meta's stablecoin comeback with Stripe

Meta re-enters crypto payments through a Stripe partnership

Stablecoins Payments

Liquidity, debt, and the Bitcoin cycle

Macro analysis of Bitcoin's position in the global liquidity cycle

167: Stripe wants to eat PayPal alive

Stripe's aggressive expansion into PayPal's territory via stablecoins

Payments Stablecoins

Apollo wants 9% of Morpho

Apollo Global's DeFi investment thesis

12 signals the ambiguity is over

Evidence that institutional crypto adoption has crossed the point of no return

Markets Infrastructure

Stripe doesn't need a bank

How Stripe is bypassing traditional banking infrastructure with stablecoins

Payments Stablecoins

The SEC's new rule for stablecoins

SEC's stablecoin classification framework and compliance implications

SEC Stablecoins

166: Stripe wants to be a bank now

Stripe's banking ambitions and the week's institutional signals

Payments Banking

Bermuda's $780B bet on Circle

Bermuda's regulatory strategy to attract stablecoin issuers

Stablecoins Regulation

BlackRock just plugged into DeFi

BlackRock's BUIDL fund integrates with DeFi protocols

DeFi Tokenization

Citi's $26T bet on Solana's speed

Citigroup selects Solana for institutional settlement infrastructure

Coinbase took Epstein's $3M in 2014

Early Coinbase funding history and compliance implications

Compliance Markets

165: The dip is being bought

Institutional buying through the correction and weekly market signals

Wall Street picked its chain

Which blockchains institutions are actually building on

InfrastructureL1/L2

Ethereum, AI, and the end of trust

How AI agents and Ethereum infrastructure converge

Tether just put on a suit

Tether's institutional pivot and compliance rebrand

StablecoinsCompliance

How the SEC is rewiring crypto

New SEC leadership's systematic approach to digital asset regulation

Why crypto broke

Post-mortem on market structure failures and what's being rebuilt

MarketsInfrastructure

Market reset signals and institutional positioning

Hong Kong built the rails. Will the trains come?

Hong Kong's digital asset regulatory framework and adoption outlook

What would make this worth 10x more?

Valuation frameworks for digital asset infrastructure companies

MarketsInfrastructure

Buy Bitcoin. Then what?

Beyond the Bitcoin allocation: institutional next steps

Asia moves the money, America sets the rules

Geopolitical dynamics shaping global crypto infrastructure

GeopoliticsRegulation

163: BlackRock chose its chain

BlackRock's blockchain selection and weekly institutional signals

TokenizationInfrastructure

Crypto's $21B custody IPO

Major crypto custodian IPO and what it signals for institutional infrastructure

SWIFT's vampire attack on crypto

SWIFT's blockchain interoperability play and competitive implications

PaymentsInfrastructure

What Davos really said about crypto

Key takeaways from WEF on institutional digital asset adoption

162: Davos just confirmed it

WEF signals and the week's institutional moves

The house model is dying

Why the integrated financial services model is being unbundled by crypto

BankingInfrastructure

NYSE moves $68T to 24/7 trading

New York Stock Exchange announces round-the-clock trading infrastructure

MarketsInfrastructure

BNY Mellon rewrote how money moves

BNY Mellon's blockchain settlement infrastructure overhaul

BankingPayments

161: Washington stalled, Bitcoin didn't

Regulatory delays vs. market momentum

BitcoinRegulation

Polygon's $250M payment pivot

Polygon's strategic shift toward institutional payment infrastructure

Why Polygon is betting on payments

Polygon's payments strategy and institutional partnerships

Leading economist on why Bitcoin's price doesn't matter

Macro perspective on Bitcoin as infrastructure vs. asset

China pays yield, America bans it

US vs. China stablecoin yield regulation divergence

StablecoinsGeopolitics

160: 2026 didn't wait

First weekly briefing of 2026: institutional signals hit the ground running

MarketsInfrastructure

Morgan Stanley enters crypto issuance

Morgan Stanley's tokenized asset issuance platform

BankingTokenization

Real estate goes liquid with Polymarket

Prediction markets and tokenized real estate converge

TokenizationMarkets

The United States just seized 3% of Bitcoin

US government Bitcoin holdings and strategic reserve implications

Our 10 most important reads from 2025

Year-end roundup of the research that defined institutional crypto in 2025

MarketsInfrastructure

Tether's quiet US power play

Tether's lobbying, partnerships, and US market re-entry strategy

StablecoinsPolicy

159: 2026, the year of...

Preview of the institutional crypto themes that will define 2026

Stripe's 1.5% tax on the old world

How Stripe's stablecoin strategy creates a new payment economics

PaymentsStablecoins

Why the application layer is crypto's next frontier

The shift from infrastructure to application-layer value capture

InfrastructureMarkets

PRO SIGNAL: JP Morgan to launch crypto trading desk

JP Morgan prepares institutional crypto trading infrastructure

The GENIUS Act's first victims

Who loses when stablecoin legislation passes

RegulationStablecoins

158: JPMorgan, SoFi, Visa, and the end of...

Year-end institutional signals and what they mean for 2026

BankingPayments

DTCC, Goldman, Citadel pick Canton

Major financial institutions select Canton Network for settlement

InfrastructureTokenization

PRO SIGNAL: The first bank-issued stablecoin

A US bank launches a fully regulated stablecoin

StablecoinsBanking

Coinbase is no longer a crypto exchange

Coinbase's transformation into a full financial services platform

InfrastructureMarkets

Why altcoins will be bigger than Bitcoin

The institutional case for application-layer tokens

SEC and DTCC: The $100 trillion green light

SEC and DTCC alignment on tokenized securities infrastructure

RegulationTokenization

157: The Fed is bullish

Federal Reserve signals and the week's institutional developments

MacroRegulation

How the SEC is rewriting capital markets

SEC's comprehensive overhaul of digital asset regulations

The $400 trillion migration and why it matters

Global derivatives market tokenization and institutional adoption trajectory

TokenizationMarkets

Re-engineering US derivatives

Blockchain-based derivatives clearing and settlement infrastructure

MarketsInfrastructure

Bitcoin's new gatekeepers: JPMorgan and friends

How Wall Street is becoming Bitcoin's primary access layer

156: Wall Street just surrendered

Institutions stop fighting crypto and start building

Bank of America embraces Bitcoin

BoA's crypto custody and trading infrastructure rollout

Why the US Treasury can't let Tether fail

Tether's systemic importance and the Treasury's strategic calculus

StablecoinsPolicy

Why the smart money is buying the infrastructure

Institutional capital flowing into crypto infrastructure over tokens

MarketsInfrastructure