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The interesting thing about digital credit is that it does not need to replace traditional fixed income to become enormous. It just needs to make the portfolio math better, and humans following rational incentives will do the rest. At a 13% SATA yield versus 4% T-bills, every 5% of...

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Adam Livingston

88,767 subscribers

12,324 次观看 • 20 天前 •via X (Twitter)

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Thomas Troy20 天前

Nailed it

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jeffgeee119 天前

Great breakdown of a simple slide into better assets. Doesn’t have to be a this or that.

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Andy S19 天前

Poetry

luca04548 的头像
luca0454819 天前

🤔

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🔥THE DAILY DIVIDEND BOMB: WHY SATA IS BITCOIN'S ULTIMATE SPECULATIVE ATTACK ON THE US DOLLAR🔥 The daily payment frequency of Strive's SATA is a category boundary that converted a preferred stock into a quasi-monetary instrument. SATA is going to function as a Trojan horse into the bond market, letting fixed-income capital finance Bitcoin accumulation without ever having to underwrite Bitcoin. But on top of that, the GENIUS Act, set for full implementation on July 18, 2026, has structurally trapped Tether and Circle in a regulatory cage that SATA-style digital credit operates entirely outside of. This is going to lead to a "milkshake inside the milkshake" framework, where the dollar remains the user interface while the collateral base beneath it migrates from Treasury debt to Bitcoin. This how the emergence of the four-layer capital stack of the emerging monetary architecture is going to play out. Digital capital, digital cash, digital credit, digital equity.
23:35

🔥THE DAILY DIVIDEND BOMB: WHY SATA IS BITCOIN'S ULTIMATE SPECULATIVE ATTACK ON THE US DOLLAR🔥 The daily payment frequency of Strive's SATA is a category boundary that converted a preferred stock into a quasi-monetary instrument. SATA is going to function as a Trojan horse into the bond market, letting fixed-income capital finance Bitcoin accumulation without ever having to underwrite Bitcoin. But on top of that, the GENIUS Act, set for full implementation on July 18, 2026, has structurally trapped Tether and Circle in a regulatory cage that SATA-style digital credit operates entirely outside of. This is going to lead to a "milkshake inside the milkshake" framework, where the dollar remains the user interface while the collateral base beneath it migrates from Treasury debt to Bitcoin. This how the emergence of the four-layer capital stack of the emerging monetary architecture is going to play out. Digital capital, digital cash, digital credit, digital equity.

Adam Livingston

13,533 次观看 • 4 个月前

🚨STRATEGY WILL TAKE OVER THE WORLD - DIGITAL CREDIT MASTERCLASS🚨 Credit is the operating system of the world, and the next upgrade is already here. I break down: Why the credit market is the real boss fight of global finance Why legacy credit collapses into the same failure modes every cycle What “digital credit” means in real capital markets terms, speed, liquidity, distribution, transparency Why STRC matters as the first mainstream bridge product people can buy in a brokerage account The Strategy flywheel, how a company turns yield demand into a repeatable capital engine The endgame, how a trusted issuer becomes a platform, and a platform absorbs flows This is the part of the thesis most people miss. Strategy is building an issuance machine, a product suite, and a new category of public-market credit instruments. If digital credit becomes the standard format for income allocation, the largest market in the world starts routing through the issuers who can manufacture trust and liquidity at scale. And that’s how Strategy eats the world:
25:29

🚨STRATEGY WILL TAKE OVER THE WORLD - DIGITAL CREDIT MASTERCLASS🚨 Credit is the operating system of the world, and the next upgrade is already here. I break down: Why the credit market is the real boss fight of global finance Why legacy credit collapses into the same failure modes every cycle What “digital credit” means in real capital markets terms, speed, liquidity, distribution, transparency Why STRC matters as the first mainstream bridge product people can buy in a brokerage account The Strategy flywheel, how a company turns yield demand into a repeatable capital engine The endgame, how a trusted issuer becomes a platform, and a platform absorbs flows This is the part of the thesis most people miss. Strategy is building an issuance machine, a product suite, and a new category of public-market credit instruments. If digital credit becomes the standard format for income allocation, the largest market in the world starts routing through the issuers who can manufacture trust and liquidity at scale. And that’s how Strategy eats the world:

Adam Livingston

140,206 次观看 • 7 个月前

.Public co-CEO Leif Abraham says AI agents can now automatically "buy the dip" and automate "any type of workflow in your brokerage account." "There's a lot of people who understand that you could generate income using covered calls on your portfolio." "High-level they understand, but now to actually go find the right contracts and see what the income potential would be—that's what starts to break down." "With agents, you can literally just be like, 'Look at my portfolio. Show me if I could do $5,000/month in income potential on it." "It scans your portfolio and shows you opportunities for covered calls and the income potential behind it. Then you can just activate it, and it runs as a workflow."
1:30

.Public co-CEO Leif Abraham says AI agents can now automatically "buy the dip" and automate "any type of workflow in your brokerage account." "There's a lot of people who understand that you could generate income using covered calls on your portfolio." "High-level they understand, but now to actually go find the right contracts and see what the income potential would be—that's what starts to break down." "With agents, you can literally just be like, 'Look at my portfolio. Show me if I could do $5,000/month in income potential on it." "It scans your portfolio and shows you opportunities for covered calls and the income potential behind it. Then you can just activate it, and it runs as a workflow."

sourcery

21,368 次观看 • 5 个月前

🔥Strategy's STRC is the FIXED INCOME KILLER APP🔥 11% dividends on an annualized basis. PAID MONTHLY. This SMOKES every other traditional fixed income product. And the dividends are ROC, which means they are TAX-DEFERRED. These are NOT taxed as income. Every “safe yield” product in America is the same movie with different actors: You hand them dollars They hand you a coupon Inflation quietly eats the principal You clap because the number went up STRC is a different animal. STRC is what happens when fixed income stops pretending the denominator is stable. Traditional fixed income = yield paid from a system that’s structurally losing purchasing power. STRC = yield funded by a balance sheet that’s actively compounding a harder asset. So yeah, the headline yield matters (11% variable, paid monthly). But the real edge is that your “coverage” isn’t coming from hope, it’s coming from Bitcoin reserves + capital markets machinery. Compare the usual “popular” choices: T-Bills: “Congrats on matching the Fed… until the cuts.” IG corporates: “Enjoy the spread… until credit risk wakes up.” High yield: “You’re underwriting zombies for a few extra points.” Munis: “Great if you’re high bracket… still capped by fiat math.” CDs: “Locked up for a rate you’ll hate in 6 months.” Preferred ETFs: “Equity risk cosplay with bond marketing.” Money markets: “Cash that thinks it’s investing.” STRC is basically: “Here’s a real coupon, and the issuer is playing offense with the treasury instead of praying the CPI gods behave.” Fixed income has been a retirement home for capital. STRC is fixed income with teeth. Not financial advice. I’m just saying the bond market is getting dunked on by a ticker that acts like a money printer stapled to a war chest. $10,000 into STRC vs. traditional fixed income after 20 years: Strategy STRC (11%): $80,623 3-M T-Bill: $20,483 10-Yr Treasury: $22,726 IG Corporate: $25,638 High-Yield Corp: $35,236 AAA Muni: $17,372 Series I Bond: $22,038 1-Yr CD: $22,336 Preferred ETF: $34,386 Gov MMF: $20,208 Fixed income built on Bitcoin is THE FUTURE.
0:20

🔥Strategy's STRC is the FIXED INCOME KILLER APP🔥 11% dividends on an annualized basis. PAID MONTHLY. This SMOKES every other traditional fixed income product. And the dividends are ROC, which means they are TAX-DEFERRED. These are NOT taxed as income. Every “safe yield” product in America is the same movie with different actors: You hand them dollars They hand you a coupon Inflation quietly eats the principal You clap because the number went up STRC is a different animal. STRC is what happens when fixed income stops pretending the denominator is stable. Traditional fixed income = yield paid from a system that’s structurally losing purchasing power. STRC = yield funded by a balance sheet that’s actively compounding a harder asset. So yeah, the headline yield matters (11% variable, paid monthly). But the real edge is that your “coverage” isn’t coming from hope, it’s coming from Bitcoin reserves + capital markets machinery. Compare the usual “popular” choices: T-Bills: “Congrats on matching the Fed… until the cuts.” IG corporates: “Enjoy the spread… until credit risk wakes up.” High yield: “You’re underwriting zombies for a few extra points.” Munis: “Great if you’re high bracket… still capped by fiat math.” CDs: “Locked up for a rate you’ll hate in 6 months.” Preferred ETFs: “Equity risk cosplay with bond marketing.” Money markets: “Cash that thinks it’s investing.” STRC is basically: “Here’s a real coupon, and the issuer is playing offense with the treasury instead of praying the CPI gods behave.” Fixed income has been a retirement home for capital. STRC is fixed income with teeth. Not financial advice. I’m just saying the bond market is getting dunked on by a ticker that acts like a money printer stapled to a war chest. $10,000 into STRC vs. traditional fixed income after 20 years: Strategy STRC (11%): $80,623 3-M T-Bill: $20,483 10-Yr Treasury: $22,726 IG Corporate: $25,638 High-Yield Corp: $35,236 AAA Muni: $17,372 Series I Bond: $22,038 1-Yr CD: $22,336 Preferred ETF: $34,386 Gov MMF: $20,208 Fixed income built on Bitcoin is THE FUTURE.

Adam Livingston

61,147 次观看 • 8 个月前

Caller: “I’ve got about $1.8M in debt tied to a real estate portfolio worth roughly $4.4M . The properties generate anywhere from $5K to $19K a month, depending on occupancy.” Dave Ramsey: “How did you build the portfolio?” Caller: “I hit a big win early. I bought a building for $426K, sold it for $1.6M, and rolled the proceeds into other properties through a 1031 exchange.” Dave Ramsey: “Do you want to get out of debt?” Caller: “I do, but I also want to grow this portfolio and eventually 10x it.” Dave Ramsey: “The problem is your returns are terrible.” “You hit one home run and have been chasing that feeling ever since.” “If your portfolio is only generating a 3.8% return, the math isn’t working.” “Some of these properties are being dragged down by too much debt and not enough income.” “Not all real estate is good real estate. Some of it is hurting you.” “You need to sell the underperformers, build a portfolio with stronger cash flow, and work toward becoming completely debt-free.”
4:46

Caller: “I’ve got about $1.8M in debt tied to a real estate portfolio worth roughly $4.4M . The properties generate anywhere from $5K to $19K a month, depending on occupancy.” Dave Ramsey: “How did you build the portfolio?” Caller: “I hit a big win early. I bought a building for $426K, sold it for $1.6M, and rolled the proceeds into other properties through a 1031 exchange.” Dave Ramsey: “Do you want to get out of debt?” Caller: “I do, but I also want to grow this portfolio and eventually 10x it.” Dave Ramsey: “The problem is your returns are terrible.” “You hit one home run and have been chasing that feeling ever since.” “If your portfolio is only generating a 3.8% return, the math isn’t working.” “Some of these properties are being dragged down by too much debt and not enough income.” “Not all real estate is good real estate. Some of it is hurting you.” “You need to sell the underperformers, build a portfolio with stronger cash flow, and work toward becoming completely debt-free.”

KΞRL_✂️

131,869 次观看 • 3 个月前

A central bank. And Bitcoin. My speech at The Bitcoin Conference 2026 in Las Vegas on 28 April 2026. Video and text; the slide link is below: Today, I want to talk about a strange combination: A central bank. And Bitcoin. Most people do not put these two things together. I do. In monetary policy, a central bank must be conservative. But it must think ahead. When I became Governor of the Czech National Bank in mid-2022, inflation in my country was close to 20 percent. Twenty percent. It was a serious moment. When I took office, I said we would bring inflation back to 2 percent within two years. And we did. Not with magic. With discipline. I said this clearly: Even before covid, money was too cheap for too long. For too long, the system promoted borrowing. For too long, the currency was weakened. We changed that. We kept policy tighter for longer. We supported saving. And the koruna became strong. That, for me, is conservative monetary policy. Our rule is simple: stay hawkish forever. We also manage very large foreign exchange reserves. Very large. We manage about 180 billion dollars in reserves. That is about 44 percent of GDP. Relative to the size of our economy, our reserves are among the largest in the world. So we have to build the right portfolio for the future. Here, you can see the long-term risk and return. It is based on Czech koruna data, the currency in which our books are kept. Bonds are at the low end. Low risk. Low return. Stocks and gold can offer higher returns. But they also bring higher risk. The next point is the Czech National Bank’s portfolio. Over the past four years, we increased the share of equities from 15 to 26 percent. We also increased the share of gold from almost zero to 6 percent. We built a diversified portfolio. A higher expected return than before. Lower risk than an all-stock portfolio. And even lower risk than an all-bond portfolio. But then came the next question. Can we do more? Can we build an even stronger portfolio for the future This is where Bitcoin comes in. The first time I used Bitcoin, I bought a coffee in Prague about ten years ago. Today, that coffee comes to about 350 dollars. It was the most expensive coffee of my life. Bitcoin has had very high returns. But honestly, it looks risky. It is much more volatile than other assets. One day, its price may be much higher. Or it could go to zero. Yes, zero. And that is true for other assets too. A stock can go to zero. Even a bond can fail. That is why it is not wise to bet on just one asset. We have to think about the whole portfolio. The next point on the chart is what we found in our new analysis. This is our model portfolio with 1 percent in Bitcoin. And here comes the interesting part. With 1 percent in Bitcoin, the expected return goes up. And the overall risk stays about the same. That is what our new study shows. Why? Because Bitcoin has low long-term correlation with many traditional assets. It does not move in the same way. And that matters. When you add an asset like this, the whole portfolio can work better. The return can go up. And the risk can stay about the same. That is diversification. Over the long term, Bitcoin can provide returns that are not closely linked to other assets. In some ways, it is similar to venture capital. But it is much more liquid. So we started a separate test portfolio with Bitcoin. A test portfolio. Not a revolution. Not a political statement. A test. We will run it for two years. Then we will publish the results. Then we will decide what comes next. Be conservative in monetary policy. Be innovative in how we work. This is the future. Česká národní banka
8:09

A central bank. And Bitcoin. My speech at The Bitcoin Conference 2026 in Las Vegas on 28 April 2026. Video and text; the slide link is below: Today, I want to talk about a strange combination: A central bank. And Bitcoin. Most people do not put these two things together. I do. In monetary policy, a central bank must be conservative. But it must think ahead. When I became Governor of the Czech National Bank in mid-2022, inflation in my country was close to 20 percent. Twenty percent. It was a serious moment. When I took office, I said we would bring inflation back to 2 percent within two years. And we did. Not with magic. With discipline. I said this clearly: Even before covid, money was too cheap for too long. For too long, the system promoted borrowing. For too long, the currency was weakened. We changed that. We kept policy tighter for longer. We supported saving. And the koruna became strong. That, for me, is conservative monetary policy. Our rule is simple: stay hawkish forever. We also manage very large foreign exchange reserves. Very large. We manage about 180 billion dollars in reserves. That is about 44 percent of GDP. Relative to the size of our economy, our reserves are among the largest in the world. So we have to build the right portfolio for the future. Here, you can see the long-term risk and return. It is based on Czech koruna data, the currency in which our books are kept. Bonds are at the low end. Low risk. Low return. Stocks and gold can offer higher returns. But they also bring higher risk. The next point is the Czech National Bank’s portfolio. Over the past four years, we increased the share of equities from 15 to 26 percent. We also increased the share of gold from almost zero to 6 percent. We built a diversified portfolio. A higher expected return than before. Lower risk than an all-stock portfolio. And even lower risk than an all-bond portfolio. But then came the next question. Can we do more? Can we build an even stronger portfolio for the future This is where Bitcoin comes in. The first time I used Bitcoin, I bought a coffee in Prague about ten years ago. Today, that coffee comes to about 350 dollars. It was the most expensive coffee of my life. Bitcoin has had very high returns. But honestly, it looks risky. It is much more volatile than other assets. One day, its price may be much higher. Or it could go to zero. Yes, zero. And that is true for other assets too. A stock can go to zero. Even a bond can fail. That is why it is not wise to bet on just one asset. We have to think about the whole portfolio. The next point on the chart is what we found in our new analysis. This is our model portfolio with 1 percent in Bitcoin. And here comes the interesting part. With 1 percent in Bitcoin, the expected return goes up. And the overall risk stays about the same. That is what our new study shows. Why? Because Bitcoin has low long-term correlation with many traditional assets. It does not move in the same way. And that matters. When you add an asset like this, the whole portfolio can work better. The return can go up. And the risk can stay about the same. That is diversification. Over the long term, Bitcoin can provide returns that are not closely linked to other assets. In some ways, it is similar to venture capital. But it is much more liquid. So we started a separate test portfolio with Bitcoin. A test portfolio. Not a revolution. Not a political statement. A test. We will run it for two years. Then we will publish the results. Then we will decide what comes next. Be conservative in monetary policy. Be innovative in how we work. This is the future. Česká národní banka

Aleš Michl

68,803 次观看 • 5 个月前

Do you want another ripple:native thesis on how Ripple is positioning XRP to modernize the whole financial system? Look at private credit. This is one of those markets most people never think about because it does not move like stocks, crypto, or even government bonds. A private-credit loan can be worth hundreds of millions of dollars. The borrower pays interest. The lender earns a return. The asset itself can be valuable. But there is one huge problem. It can be extremely hard to move. That is exactly what caught my attention in the Sandy Kaul and Anant Kumar discussion. Anant Kumar, from Benefit Street Partners, described the issue in a very simple way. Private credit has limited ownership. And it has almost no real secondary-market liquidity. A lender can originate a huge loan, but once that loan is sitting inside a fund, selling pieces of it is not as simple as selling a stock. That capital can stay trapped. Now imagine the same loan becoming digital. Not changing the economics of the loan. Not changing who the borrower is. Not changing who remains lender of record. Just changing how ownership can be represented. Instead of one giant $100M position sitting inside one structure, that loan could be represented as millions of smaller digital interests. Suddenly something that was hard to divide becomes divisible. Something that barely traded could potentially develop a secondary market. Something trapped inside one fund could become easier to distribute among approved investors. That is the part people should focus on. Because this is not some random idea coming from crypto Twitter. Sandy Kaul is Head of Digital Assets and Innovation at Franklin Templeton. Franklin Templeton manages roughly $1.78T. Anant Kumar is from Benefit Street Partners. And Franklin Templeton itself just closed a $1.5B Collateralized Fund Obligation tied to private equity secondaries and U.S. middle-market direct lending through Benefit Street Partners. So when they are talking about the problem of private-credit liquidity, they are talking about a market they actually operate inside. And this is where my ripple:native thesis gets much bigger. Because XRP Ledger is being built around the exact same problem. Not just payments. Not just moving stablecoins. Credit. Liquidity. Tokenized ownership. Secondary markets. Institutional lending. Collateral. That is what starts connecting everything. Private credit is already one of the largest categories inside tokenized real-world assets. Franklin Templeton’s own research says tokenized RWAs grew from around $5B in 2023 to more than $25B by early 2026. Private credit, Treasuries and real estate make up a major part of that growth. That tells me something important. Wall Street is not only tokenizing cash. It is beginning to tokenize assets that traditionally sit in some of the least liquid corners of finance. And private credit may be one of the biggest opportunities because liquidity is exactly where the pain is. Now look at XRPL. In 2025, VERT launched structured-credit infrastructure using XRP Ledger and its EVM sidechain. Its first live transaction was a BRL 700M Agribusiness Receivables Certificate. Roughly $130M. That is real structured credit. Recorded through infrastructure using XRPL. So when I hear Sandy Kaul and Anant Kumar talking about tokenizing private loans, I do not have to imagine whether XRPL could ever touch this market. It already has. That is only the beginning of the setup. The bigger piece is what Ripple is building directly into the network. The XRPL Lending Protocol. This is where everything starts making sense. Ripple has been very clear about the next stage of tokenization. Putting an asset onchain is not enough. A Treasury token sitting in a wallet is still just an asset sitting in a wallet. A private-credit token sitting in a wallet is still just a loan represented digitally. The real transformation happens when those assets can enter functioning capital markets. Borrowing. Lending. Liquidity. Collateral. Credit. That is exactly where the XRPL Lending Protocol is headed. Ripple explicitly names private credit among the assets that can move into this infrastructure, alongside Treasuries, money-market funds, stablecoins and commodities. That is a huge detail. Because private credit is not some side use case Ripple accidentally fits. It is literally one of the categories they are building around. Now add XLS-65. The Single Asset Vault design. This allows assets from multiple depositors to be pooled into one onchain vault. And that vault can hold XRP. Trust-line tokens. Or Multi-Purpose Tokens. Think about what that means in plain English. Today, one large institution may have to fund a giant private loan. Tomorrow, capital can potentially be pooled digitally. Thousands of approved investors contribute. The capital sits inside a common structure. A loan gets funded. The returns flow back through that structure. That is extremely close to what Anant Kumar is talking about when he says one loan could be split into smaller pieces. Now add XLS-66. The Lending Protocol. Fixed-term, uncollateralized lending. Credit underwriting stays offchain. The actual loan can be created and managed onchain. That detail matters more than people realize. Private credit is not anonymous DeFi. The borrower is evaluated. Creditworthiness matters. Interest matters. Terms matter. Default matters. Underwriting matters. XRPL is not trying to throw away that traditional credit process. It is trying to put the financial infrastructure around it onchain. That is why this feels much more institutional than a normal crypto lending protocol. And then you get to the liquidity problem. This is where Anant Kumar’s point becomes the whole thesis. Private-credit loans barely trade. If investors want redemptions, funds can have a problem. The assets may be good. The borrowers may be paying. But there may not be a deep market to sell into. That is trapped capital. Tokenization attacks that directly. Imagine one $100M private loan. Instead of treating it as one huge block, it becomes millions of smaller digital interests. Approved institutions can own pieces. Funds can rebalance. Banks can distribute exposure. Ownership can move without the whole loan changing hands as one giant object. Now put those interests on XRPL. They can be issued digitally. Held digitally. Transferred digitally. Settled digitally. Traded inside controlled markets. Used inside lending infrastructure. That is a completely different market structure. And XRPL is also building the control layer institutions need. Permissioned Domains. Permissioned DEXes. Credentials. Deep Freeze. Confidential Transfers. This is important because a bank is not going to take a $500M private-credit position and make it freely available to every random wallet in the world. Institutions need to control who can hold these assets. Who can trade them. Which jurisdiction they come from. Whether they satisfy eligibility rules. XRPL is being built for exactly that. You can have public blockchain infrastructure while still creating controlled markets where only approved participants transact. That solves one of the biggest objections banks have to permissionless finance. They do not need to choose between old closed systems and completely open anonymous markets. They can have digital assets with institutional rules built around them. That is where Permissioned DEXes become powerful. Imagine a tokenized private loan. Only approved investors can trade it. The loan still exists. The lender still exists. The borrower still exists. But now there is a secondary market. A fund needs liquidity? It can sell part of the position. Another institution wants exposure? It can buy a smaller piece. The market no longer depends on one giant bilateral transfer. That is how tokenization can start unlocking liquidity. And the more I look at this, the more I think ripple:native is being positioned for a much bigger role than people realize. Because every new tokenized asset creates another liquidity problem. Private credit token A. Private credit token B. Treasuries. Money-market funds. Stablecoins. Commercial paper. Tokenized deposits. Fund interests. Every asset needs somewhere to trade. Every institution needs somewhere to move value. Every market needs liquidity. You cannot have deep direct markets between every possible pair. That is where a common bridge asset becomes valuable. Private-credit token → ripple:native → RLUSD. RLUSD → ripple:native → another private-credit token. A European institution holds EUR liquidity and wants a U.S. private-credit position. EUR liquidity → ripple:native → RLUSD → tokenized credit. A fund wants to exit one credit position and move into another. Credit token A → ripple:native → RLUSD → credit token B. The more markets appear, the more possible routes exist. And the value of a common liquid bridge increases with the number of things it can connect. That is the part I think people still underestimate. ripple:native does not need every private-credit transaction to use XRP. It needs XRP to become useful wherever direct liquidity is weak. If XRPL becomes home to hundreds or thousands of tokenized credit instruments, there will always be fragmented liquidity somewhere. That is where deep XRP markets become valuable. Now add another piece that gets almost no attention. XRP itself can sit inside XLS-65 vault infrastructure. So XRP does not only have a potential role as bridge liquidity. It can also become pooled capital. That creates a completely different path. XRP goes into a vault. Vault capital gets pooled. The lending infrastructure uses that capital. Borrowers receive credit. Interest flows back through the structure. Now XRP is not just moving between markets. It is potentially sitting inside the capital base of the credit market itself. That is where the phrase “XRP utility is growing across payments, liquidity and credit markets” starts to make much more sense. Those are three completely different engines. Payments move value. Liquidity connects assets. Credit makes capital productive. Ripple is building around all three. Then you have ZILO and Licuido. Ripple invested in both to expand regulated transfer agency, tokenized issuance and collateral mobility on XRPL. That matters because a private-credit market is not just about issuing a token. Someone has to manage ownership records. Transfers. Servicing. Restrictions. Collateral. Secondary transactions. Settlement. If Ripple keeps adding these pieces, XRPL starts looking less like a blockchain with tokens on it and more like an operating system for financial assets. That is why Sandy Kaul’s broader thinking matters too. She has argued that blockchain is moving toward becoming a universal liquidity layer. Stablecoins. Tokenized cash. Lending. Collateral. Those are exactly the pieces appearing around XRPL. And I think private credit could be where this becomes impossible to ignore. Because the pain is so obvious. Imagine owning a valuable asset you cannot easily sell. That is private credit today. Imagine a fund holding billions in loans that barely trade. The assets are generating income. But if investors suddenly want cash, the fund cannot just tap a button and sell a fraction instantly. That is a huge weakness. Tokenization changes the unit of ownership. XRPL changes the infrastructure around that ownership. Permissioned markets change who can trade it. Lending turns those assets into productive capital. ripple:native can connect the liquidity between everything. That is the full setup. And now take it to the bullish extreme. Imagine private-credit managers start tokenizing at scale. A $500M fund does not hold 50 giant, isolated loan positions anymore. Each one becomes digitally represented. A $100M loan becomes 100M digital units worth $1 each. Approved investors can own smaller pieces. Funds can rebalance positions instead of selling whole loans. Banks can distribute exposure. Family offices can participate. Institutions can move capital without waiting for one buyer willing to absorb the entire block. Now imagine those assets living on XRPL. A fund wants to raise liquidity. It sells tokenized interests through a Permissioned DEX. Another approved institution takes the other side. Settlement happens digitally. RLUSD provides the dollar liquidity. XRP can bridge where direct liquidity is thin. The fund gets cash. The buyer gets credit exposure. The loan keeps performing. Nothing has to be dismantled. That is a much more efficient market. Then lending infrastructure goes live. An institution holds $200M of tokenized private credit. It does not want to sell. It wants liquidity. Instead of exiting the position, it uses that asset inside XRPL credit infrastructure. Capital gets unlocked. The institution receives liquidity. Moves into RLUSD. Then routes part of that capital through XRP into EUR. Now look at what XRP is sitting between. Private credit. Stablecoin liquidity. FX. Lending. Collateral. Global settlement. That is not a small use case. Now scale it. $100B of private credit on XRPL. Then $500B. Then $1T. Thousands of tokenized loans. Thousands of institutions. Loans constantly being issued. Traded. Financed. Pledged. Refinanced. Settled. Each new asset adds another market. Each new market needs liquidity. Each new participant creates another flow. And a common liquid bridge becomes more valuable as the network gets more complex. That is where ripple:native can become institutional credit-market liquidity. Not just a payment token. Not just a crypto trade. Liquidity sitting underneath a digital credit economy. And if that starts happening at hundreds of billions or trillions in scale, the XRP price conversation changes too. Market makers need inventory. Liquidity providers need inventory. Vaults can hold XRP. More XRP gets deployed inside financial infrastructure. The amount of financial value XRP markets have to support gets larger. If XRP is worth $1, $1B of XRP liquidity requires 1B XRP. At $10, it takes 100M. At $100, 10M. The higher the value of XRP, the more dollar liquidity each unit can represent. So if XRPL ever becomes a serious home for institutional private credit, the market may eventually have to price XRP around a completely different economic role. That is the thesis I keep coming back to. Sandy Kaul is talking about tokenizing private credit. Anant Kumar is talking about solving access and liquidity. Benefit Street Partners is operating directly in that market. Franklin Templeton is already deep in private markets. VERT has already put real structured-credit activity onto XRPL infrastructure. Ripple is building the Lending Protocol. XLS-65 can pool capital. XLS-66 can create fixed-term credit. Permissioned DEXes can create controlled secondary markets. Credentials can control eligibility. ZILO and Licuido expand issuance and collateral mobility. And ripple:native sits inside the liquidity and credit architecture. These are not separate stories to me anymore. They are all pieces of the same direction. Credit becomes digital. Digital credit becomes easier to divide. Divided credit becomes easier to trade. Tradable credit needs liquidity. Liquidity needs infrastructure. XRPL is being built for that infrastructure. And ripple:native can become part of the capital moving underneath it. That is why I think this private-credit conversation is one of the most underrated ripple:native theses right now. The endgame is not simply banks sending XRP across borders. The endgame could be XRP sitting inside a financial system where trillions of dollars of loans, Treasuries, stablecoins, funds and collateral move through the same liquidity network. That is a much bigger market than payments alone. And if Ripple gets this right, private credit may end up being one of the places where the world finally understands what they have been building. Remember this thesis when private credit starts moving onchain. If you understand where private credit is heading, you understand why I’m watching ripple:native.
0:24

Do you want another ripple:native thesis on how Ripple is positioning XRP to modernize the whole financial system? Look at private credit. This is one of those markets most people never think about because it does not move like stocks, crypto, or even government bonds. A private-credit loan can be worth hundreds of millions of dollars. The borrower pays interest. The lender earns a return. The asset itself can be valuable. But there is one huge problem. It can be extremely hard to move. That is exactly what caught my attention in the Sandy Kaul and Anant Kumar discussion. Anant Kumar, from Benefit Street Partners, described the issue in a very simple way. Private credit has limited ownership. And it has almost no real secondary-market liquidity. A lender can originate a huge loan, but once that loan is sitting inside a fund, selling pieces of it is not as simple as selling a stock. That capital can stay trapped. Now imagine the same loan becoming digital. Not changing the economics of the loan. Not changing who the borrower is. Not changing who remains lender of record. Just changing how ownership can be represented. Instead of one giant $100M position sitting inside one structure, that loan could be represented as millions of smaller digital interests. Suddenly something that was hard to divide becomes divisible. Something that barely traded could potentially develop a secondary market. Something trapped inside one fund could become easier to distribute among approved investors. That is the part people should focus on. Because this is not some random idea coming from crypto Twitter. Sandy Kaul is Head of Digital Assets and Innovation at Franklin Templeton. Franklin Templeton manages roughly $1.78T. Anant Kumar is from Benefit Street Partners. And Franklin Templeton itself just closed a $1.5B Collateralized Fund Obligation tied to private equity secondaries and U.S. middle-market direct lending through Benefit Street Partners. So when they are talking about the problem of private-credit liquidity, they are talking about a market they actually operate inside. And this is where my ripple:native thesis gets much bigger. Because XRP Ledger is being built around the exact same problem. Not just payments. Not just moving stablecoins. Credit. Liquidity. Tokenized ownership. Secondary markets. Institutional lending. Collateral. That is what starts connecting everything. Private credit is already one of the largest categories inside tokenized real-world assets. Franklin Templeton’s own research says tokenized RWAs grew from around $5B in 2023 to more than $25B by early 2026. Private credit, Treasuries and real estate make up a major part of that growth. That tells me something important. Wall Street is not only tokenizing cash. It is beginning to tokenize assets that traditionally sit in some of the least liquid corners of finance. And private credit may be one of the biggest opportunities because liquidity is exactly where the pain is. Now look at XRPL. In 2025, VERT launched structured-credit infrastructure using XRP Ledger and its EVM sidechain. Its first live transaction was a BRL 700M Agribusiness Receivables Certificate. Roughly $130M. That is real structured credit. Recorded through infrastructure using XRPL. So when I hear Sandy Kaul and Anant Kumar talking about tokenizing private loans, I do not have to imagine whether XRPL could ever touch this market. It already has. That is only the beginning of the setup. The bigger piece is what Ripple is building directly into the network. The XRPL Lending Protocol. This is where everything starts making sense. Ripple has been very clear about the next stage of tokenization. Putting an asset onchain is not enough. A Treasury token sitting in a wallet is still just an asset sitting in a wallet. A private-credit token sitting in a wallet is still just a loan represented digitally. The real transformation happens when those assets can enter functioning capital markets. Borrowing. Lending. Liquidity. Collateral. Credit. That is exactly where the XRPL Lending Protocol is headed. Ripple explicitly names private credit among the assets that can move into this infrastructure, alongside Treasuries, money-market funds, stablecoins and commodities. That is a huge detail. Because private credit is not some side use case Ripple accidentally fits. It is literally one of the categories they are building around. Now add XLS-65. The Single Asset Vault design. This allows assets from multiple depositors to be pooled into one onchain vault. And that vault can hold XRP. Trust-line tokens. Or Multi-Purpose Tokens. Think about what that means in plain English. Today, one large institution may have to fund a giant private loan. Tomorrow, capital can potentially be pooled digitally. Thousands of approved investors contribute. The capital sits inside a common structure. A loan gets funded. The returns flow back through that structure. That is extremely close to what Anant Kumar is talking about when he says one loan could be split into smaller pieces. Now add XLS-66. The Lending Protocol. Fixed-term, uncollateralized lending. Credit underwriting stays offchain. The actual loan can be created and managed onchain. That detail matters more than people realize. Private credit is not anonymous DeFi. The borrower is evaluated. Creditworthiness matters. Interest matters. Terms matter. Default matters. Underwriting matters. XRPL is not trying to throw away that traditional credit process. It is trying to put the financial infrastructure around it onchain. That is why this feels much more institutional than a normal crypto lending protocol. And then you get to the liquidity problem. This is where Anant Kumar’s point becomes the whole thesis. Private-credit loans barely trade. If investors want redemptions, funds can have a problem. The assets may be good. The borrowers may be paying. But there may not be a deep market to sell into. That is trapped capital. Tokenization attacks that directly. Imagine one $100M private loan. Instead of treating it as one huge block, it becomes millions of smaller digital interests. Approved institutions can own pieces. Funds can rebalance. Banks can distribute exposure. Ownership can move without the whole loan changing hands as one giant object. Now put those interests on XRPL. They can be issued digitally. Held digitally. Transferred digitally. Settled digitally. Traded inside controlled markets. Used inside lending infrastructure. That is a completely different market structure. And XRPL is also building the control layer institutions need. Permissioned Domains. Permissioned DEXes. Credentials. Deep Freeze. Confidential Transfers. This is important because a bank is not going to take a $500M private-credit position and make it freely available to every random wallet in the world. Institutions need to control who can hold these assets. Who can trade them. Which jurisdiction they come from. Whether they satisfy eligibility rules. XRPL is being built for exactly that. You can have public blockchain infrastructure while still creating controlled markets where only approved participants transact. That solves one of the biggest objections banks have to permissionless finance. They do not need to choose between old closed systems and completely open anonymous markets. They can have digital assets with institutional rules built around them. That is where Permissioned DEXes become powerful. Imagine a tokenized private loan. Only approved investors can trade it. The loan still exists. The lender still exists. The borrower still exists. But now there is a secondary market. A fund needs liquidity? It can sell part of the position. Another institution wants exposure? It can buy a smaller piece. The market no longer depends on one giant bilateral transfer. That is how tokenization can start unlocking liquidity. And the more I look at this, the more I think ripple:native is being positioned for a much bigger role than people realize. Because every new tokenized asset creates another liquidity problem. Private credit token A. Private credit token B. Treasuries. Money-market funds. Stablecoins. Commercial paper. Tokenized deposits. Fund interests. Every asset needs somewhere to trade. Every institution needs somewhere to move value. Every market needs liquidity. You cannot have deep direct markets between every possible pair. That is where a common bridge asset becomes valuable. Private-credit token → ripple:native → RLUSD. RLUSD → ripple:native → another private-credit token. A European institution holds EUR liquidity and wants a U.S. private-credit position. EUR liquidity → ripple:native → RLUSD → tokenized credit. A fund wants to exit one credit position and move into another. Credit token A → ripple:native → RLUSD → credit token B. The more markets appear, the more possible routes exist. And the value of a common liquid bridge increases with the number of things it can connect. That is the part I think people still underestimate. ripple:native does not need every private-credit transaction to use XRP. It needs XRP to become useful wherever direct liquidity is weak. If XRPL becomes home to hundreds or thousands of tokenized credit instruments, there will always be fragmented liquidity somewhere. That is where deep XRP markets become valuable. Now add another piece that gets almost no attention. XRP itself can sit inside XLS-65 vault infrastructure. So XRP does not only have a potential role as bridge liquidity. It can also become pooled capital. That creates a completely different path. XRP goes into a vault. Vault capital gets pooled. The lending infrastructure uses that capital. Borrowers receive credit. Interest flows back through the structure. Now XRP is not just moving between markets. It is potentially sitting inside the capital base of the credit market itself. That is where the phrase “XRP utility is growing across payments, liquidity and credit markets” starts to make much more sense. Those are three completely different engines. Payments move value. Liquidity connects assets. Credit makes capital productive. Ripple is building around all three. Then you have ZILO and Licuido. Ripple invested in both to expand regulated transfer agency, tokenized issuance and collateral mobility on XRPL. That matters because a private-credit market is not just about issuing a token. Someone has to manage ownership records. Transfers. Servicing. Restrictions. Collateral. Secondary transactions. Settlement. If Ripple keeps adding these pieces, XRPL starts looking less like a blockchain with tokens on it and more like an operating system for financial assets. That is why Sandy Kaul’s broader thinking matters too. She has argued that blockchain is moving toward becoming a universal liquidity layer. Stablecoins. Tokenized cash. Lending. Collateral. Those are exactly the pieces appearing around XRPL. And I think private credit could be where this becomes impossible to ignore. Because the pain is so obvious. Imagine owning a valuable asset you cannot easily sell. That is private credit today. Imagine a fund holding billions in loans that barely trade. The assets are generating income. But if investors suddenly want cash, the fund cannot just tap a button and sell a fraction instantly. That is a huge weakness. Tokenization changes the unit of ownership. XRPL changes the infrastructure around that ownership. Permissioned markets change who can trade it. Lending turns those assets into productive capital. ripple:native can connect the liquidity between everything. That is the full setup. And now take it to the bullish extreme. Imagine private-credit managers start tokenizing at scale. A $500M fund does not hold 50 giant, isolated loan positions anymore. Each one becomes digitally represented. A $100M loan becomes 100M digital units worth $1 each. Approved investors can own smaller pieces. Funds can rebalance positions instead of selling whole loans. Banks can distribute exposure. Family offices can participate. Institutions can move capital without waiting for one buyer willing to absorb the entire block. Now imagine those assets living on XRPL. A fund wants to raise liquidity. It sells tokenized interests through a Permissioned DEX. Another approved institution takes the other side. Settlement happens digitally. RLUSD provides the dollar liquidity. XRP can bridge where direct liquidity is thin. The fund gets cash. The buyer gets credit exposure. The loan keeps performing. Nothing has to be dismantled. That is a much more efficient market. Then lending infrastructure goes live. An institution holds $200M of tokenized private credit. It does not want to sell. It wants liquidity. Instead of exiting the position, it uses that asset inside XRPL credit infrastructure. Capital gets unlocked. The institution receives liquidity. Moves into RLUSD. Then routes part of that capital through XRP into EUR. Now look at what XRP is sitting between. Private credit. Stablecoin liquidity. FX. Lending. Collateral. Global settlement. That is not a small use case. Now scale it. $100B of private credit on XRPL. Then $500B. Then $1T. Thousands of tokenized loans. Thousands of institutions. Loans constantly being issued. Traded. Financed. Pledged. Refinanced. Settled. Each new asset adds another market. Each new market needs liquidity. Each new participant creates another flow. And a common liquid bridge becomes more valuable as the network gets more complex. That is where ripple:native can become institutional credit-market liquidity. Not just a payment token. Not just a crypto trade. Liquidity sitting underneath a digital credit economy. And if that starts happening at hundreds of billions or trillions in scale, the XRP price conversation changes too. Market makers need inventory. Liquidity providers need inventory. Vaults can hold XRP. More XRP gets deployed inside financial infrastructure. The amount of financial value XRP markets have to support gets larger. If XRP is worth $1, $1B of XRP liquidity requires 1B XRP. At $10, it takes 100M. At $100, 10M. The higher the value of XRP, the more dollar liquidity each unit can represent. So if XRPL ever becomes a serious home for institutional private credit, the market may eventually have to price XRP around a completely different economic role. That is the thesis I keep coming back to. Sandy Kaul is talking about tokenizing private credit. Anant Kumar is talking about solving access and liquidity. Benefit Street Partners is operating directly in that market. Franklin Templeton is already deep in private markets. VERT has already put real structured-credit activity onto XRPL infrastructure. Ripple is building the Lending Protocol. XLS-65 can pool capital. XLS-66 can create fixed-term credit. Permissioned DEXes can create controlled secondary markets. Credentials can control eligibility. ZILO and Licuido expand issuance and collateral mobility. And ripple:native sits inside the liquidity and credit architecture. These are not separate stories to me anymore. They are all pieces of the same direction. Credit becomes digital. Digital credit becomes easier to divide. Divided credit becomes easier to trade. Tradable credit needs liquidity. Liquidity needs infrastructure. XRPL is being built for that infrastructure. And ripple:native can become part of the capital moving underneath it. That is why I think this private-credit conversation is one of the most underrated ripple:native theses right now. The endgame is not simply banks sending XRP across borders. The endgame could be XRP sitting inside a financial system where trillions of dollars of loans, Treasuries, stablecoins, funds and collateral move through the same liquidity network. That is a much bigger market than payments alone. And if Ripple gets this right, private credit may end up being one of the places where the world finally understands what they have been building. Remember this thesis when private credit starts moving onchain. If you understand where private credit is heading, you understand why I’m watching ripple:native.

X Finance Bull

16,025 次观看 • 29 天前

Strive just did something no public company has ever done. $SATA is paying shareholders a 13% DAILY Bitcoin-backed dividend. The first daily dividend in stock market history. Full breakdown with $ASST’s Chief Risk Officer Jeff Walton 👇🏼 Timestamps: 00:00 SATA: The First U.S. Listed Security to Pay Daily Dividends 8:51 Strive Enters Top 10 Bitcoin Holder Ranks 10:39 Strive's Daily Dividends Beating $MSTR To It... What's the Catch? 11:21 Why Don't More Companies Pay Daily Dividends? 13:15 Structuring Daily Capital Asset Distributions 14:01 What is Digital Credit? 16:30 How is $SATA Able to Pay 13% Yield? 19:21 Strive is Re-Establishing Trust 21:08 Bitcoin Digital Credit Insurance Analogy 28:35 History of Strive 34:51 Why Traditional Income Investing Models Are Failing Retail Investors 37:51 The 2008 Financial Crisis Tore His Family Apart 46:35 Betting Everything on MSTR Options: Making 2000% 52:14 How Jeff Thinks About His Portfolio Now
56:40

Strive just did something no public company has ever done. $SATA is paying shareholders a 13% DAILY Bitcoin-backed dividend. The first daily dividend in stock market history. Full breakdown with $ASST’s Chief Risk Officer Jeff Walton 👇🏼 Timestamps: 00:00 SATA: The First U.S. Listed Security to Pay Daily Dividends 8:51 Strive Enters Top 10 Bitcoin Holder Ranks 10:39 Strive's Daily Dividends Beating $MSTR To It... What's the Catch? 11:21 Why Don't More Companies Pay Daily Dividends? 13:15 Structuring Daily Capital Asset Distributions 14:01 What is Digital Credit? 16:30 How is $SATA Able to Pay 13% Yield? 19:21 Strive is Re-Establishing Trust 21:08 Bitcoin Digital Credit Insurance Analogy 28:35 History of Strive 34:51 Why Traditional Income Investing Models Are Failing Retail Investors 37:51 The 2008 Financial Crisis Tore His Family Apart 46:35 Betting Everything on MSTR Options: Making 2000% 52:14 How Jeff Thinks About His Portfolio Now

Natalie Brunell ⚡️

336,629 次观看 • 4 个月前

I see sports collectibles as an alternative asset class. My strategy is simple. Own many of the very best cards, diversify across them like an index, and let the portfolio compound over time. I want about 5% of my portfolio exposed to this category. The challenge is that when you own something truly one of a kind, sometimes the investment gets personal.
1:06

I see sports collectibles as an alternative asset class. My strategy is simple. Own many of the very best cards, diversify across them like an index, and let the portfolio compound over time. I want about 5% of my portfolio exposed to this category. The challenge is that when you own something truly one of a kind, sometimes the investment gets personal.

Kevin O'Leary aka Mr. Wonderful

31,174 次观看 • 22 天前

Tad Smith says he's very bullish on Bitcoin, and the fact that so many people aren't makes him even more bullish. Tad Smith joins Joe Burnett, MSBA on The Income Show to discuss the Fed's rate hike, Bessent and yield curve control, AI and the labor market, his barbell portfolio, digital credit, Bitcoin treasury companies, and why all roads lead to Bitcoin. 0:00 - Intro 1:18 - The Fed's Unnecessary Rate Hike 5:49 - Bessent, Warsh and Yield Curve Control 12:01 - Is AI a Bubble? 20:09 - AI and the Labor Market 25:11 - Tad's Barbell Portfolio 28:28 - Digital Credit and STRC's Summer Selloff 35:28 - Why Tad Is Bullish on Bitcoin 40:00 - Strive, Strategy and Metaplanet 44:26 - The Clarity Act and Crypto Regulation 49:19 - AI, Terminal Values and Bitcoin 52:05 - The Economy in 10 Years 55:59 - Bitcoin's Path to 2030 57:56 - Closing Thoughts $BTC $MSTR $ASST $STRC $SATA
58:20

Tad Smith says he's very bullish on Bitcoin, and the fact that so many people aren't makes him even more bullish. Tad Smith joins Joe Burnett, MSBA on The Income Show to discuss the Fed's rate hike, Bessent and yield curve control, AI and the labor market, his barbell portfolio, digital credit, Bitcoin treasury companies, and why all roads lead to Bitcoin. 0:00 - Intro 1:18 - The Fed's Unnecessary Rate Hike 5:49 - Bessent, Warsh and Yield Curve Control 12:01 - Is AI a Bubble? 20:09 - AI and the Labor Market 25:11 - Tad's Barbell Portfolio 28:28 - Digital Credit and STRC's Summer Selloff 35:28 - Why Tad Is Bullish on Bitcoin 40:00 - Strive, Strategy and Metaplanet 44:26 - The Clarity Act and Crypto Regulation 49:19 - AI, Terminal Values and Bitcoin 52:05 - The Economy in 10 Years 55:59 - Bitcoin's Path to 2030 57:56 - Closing Thoughts $BTC $MSTR $ASST $STRC $SATA

True North

16,851 次观看 • 7 天前

The real power of tokenization isn't just the asset itself. But also what people build on top of it. 🔧 In our latest Apyx Alpha, xStocks Global Head Val joins us to discuss why tokenized assets like $STRCx could become the foundation for an entirely new generation of financial products. From tokenized equities and digital credit to onchain yield strategies, vaults, and portfolio management, we explore what becomes possible when traditional assets become programmable. Timestamps: • 02:04 Why tokenization failed the first time • 05:50 RWAs as programmable financial Lego pieces • 06:19 How protocols can build yield engines using STRCx • 08:00 Why liquidity, not tokenization, is the real unlock • 10:43 New products emerging from tokenized assets • 11:12 Why yield is becoming the dominant RWA use case • 13:01 The rise of a global market for yield • 17:09 The future of onchain portfolio managers • 19:23 Tokenized ETFs vs building funds directly onchain • 20:17 Why crypto can innovate faster than TradFi If $STRC is digital credit, $STRCx may be what makes digital credit composable. Watch the full episode. 👇
24:19

The real power of tokenization isn't just the asset itself. But also what people build on top of it. 🔧 In our latest Apyx Alpha, xStocks Global Head Val joins us to discuss why tokenized assets like $STRCx could become the foundation for an entirely new generation of financial products. From tokenized equities and digital credit to onchain yield strategies, vaults, and portfolio management, we explore what becomes possible when traditional assets become programmable. Timestamps: • 02:04 Why tokenization failed the first time • 05:50 RWAs as programmable financial Lego pieces • 06:19 How protocols can build yield engines using STRCx • 08:00 Why liquidity, not tokenization, is the real unlock • 10:43 New products emerging from tokenized assets • 11:12 Why yield is becoming the dominant RWA use case • 13:01 The rise of a global market for yield • 17:09 The future of onchain portfolio managers • 19:23 Tokenized ETFs vs building funds directly onchain • 20:17 Why crypto can innovate faster than TradFi If $STRC is digital credit, $STRCx may be what makes digital credit composable. Watch the full episode. 👇

Apyx

12,270 次观看 • 4 个月前

. Michael Saylor explains why Strategy's real business isn't Bitcoin - it's selling credit to people who want the upside without the bumpy ride "We're like a reserve bank. We have a reserve asset - Bitcoin. We will sell credit. We are stripping the performance and the risk off of the bitcoin." "Bitcoin's got 40 vol and it's got high performance. But most of the world wants zero vol. What they want is a bank account that pays them 10 or 11%." "For every dollar of equity capital of Bitcoin that we have - digital capital - you can create 10 to $0.20 of credit. We've sold about $10 billion of credit. We'll create $20 billion of digital credit over the next year, then grow that 30 to 50% a year."
2:38

. Michael Saylor explains why Strategy's real business isn't Bitcoin - it's selling credit to people who want the upside without the bumpy ride "We're like a reserve bank. We have a reserve asset - Bitcoin. We will sell credit. We are stripping the performance and the risk off of the bitcoin." "Bitcoin's got 40 vol and it's got high performance. But most of the world wants zero vol. What they want is a bank account that pays them 10 or 11%." "For every dollar of equity capital of Bitcoin that we have - digital capital - you can create 10 to $0.20 of credit. We've sold about $10 billion of credit. We'll create $20 billion of digital credit over the next year, then grow that 30 to 50% a year."

MR SHIFT 🦁

34,055 次观看 • 3 个月前

If you'll allow me, I'd like share a brief message that has become a major focus of mine with the members of my private Bitcoin community. I've begun to shoot warning shots about what I believe will be the next big "distraction" again: Bitcoin yield & income. This yield & income trap has been used for centuries as a way to get you to hand over your precious wealth for small bits of change (yield & income). Income does not trump wealth ownership. We win by owning, not by earning. Remember this. The Celsius 2.0 era will be ushered in by Wall Street and the big banks, fostering a lot of seeming credibility. Many will trust and many will lose their Bitcoin. It's as simple as that. It's always the same story. Do not fall for the "earn yield and earn income" distraction and please put in check anyone promoting this nonsense. Bitcoin doesn't need a yield and if income is a problem for you, find a way to get your value up. You don't have a yield or dividend problem, you have a value problem. 🙏🏽 My 2 sats.
1:40

If you'll allow me, I'd like share a brief message that has become a major focus of mine with the members of my private Bitcoin community. I've begun to shoot warning shots about what I believe will be the next big "distraction" again: Bitcoin yield & income. This yield & income trap has been used for centuries as a way to get you to hand over your precious wealth for small bits of change (yield & income). Income does not trump wealth ownership. We win by owning, not by earning. Remember this. The Celsius 2.0 era will be ushered in by Wall Street and the big banks, fostering a lot of seeming credibility. Many will trust and many will lose their Bitcoin. It's as simple as that. It's always the same story. Do not fall for the "earn yield and earn income" distraction and please put in check anyone promoting this nonsense. Bitcoin doesn't need a yield and if income is a problem for you, find a way to get your value up. You don't have a yield or dividend problem, you have a value problem. 🙏🏽 My 2 sats.

Oliver L. Velez ⚡️ Bitcoin Intelligence

41,904 次观看 • 1 年前

AMAZING NEW BITCOIN INCOME METHOD: SATA+STRC FOR BI-WEEKLY PAYCHECK NOT TO MENTION A CASUAL 40% return on your SATA position this year. STRC is the stable one. SATA is the unhinged overachiever. Together they produce more consistent income than most American employers, and the payout schedule might actually be more reliable. I dig into how SATA’s $80 IPO price lets you harvest a fifteen percent yield on cost before your coffee finishes brewing, why STRC behaves like it’s been microdosed with Xanax, and how holding both basically gives you a strategy that pays twice a month without turning your portfolio into a cry-for-help. FYI I'm not affiliated with either company and this is not financial advice... this is just the scenario that will play out if Strive increases dividend until it reaches par.
15:34

AMAZING NEW BITCOIN INCOME METHOD: SATA+STRC FOR BI-WEEKLY PAYCHECK NOT TO MENTION A CASUAL 40% return on your SATA position this year. STRC is the stable one. SATA is the unhinged overachiever. Together they produce more consistent income than most American employers, and the payout schedule might actually be more reliable. I dig into how SATA’s $80 IPO price lets you harvest a fifteen percent yield on cost before your coffee finishes brewing, why STRC behaves like it’s been microdosed with Xanax, and how holding both basically gives you a strategy that pays twice a month without turning your portfolio into a cry-for-help. FYI I'm not affiliated with either company and this is not financial advice... this is just the scenario that will play out if Strive increases dividend until it reaches par.

Adam Livingston

102,396 次观看 • 10 个月前

On this weeks episode of The Money Mindset, we feature the very enterprising Saurabh Jain , the founder of Stable Money , a digital platform for fixed income investing. Stable money has a 3000cr book for fixed deposit investing We did a deep dive on fixed income investing in your 30s and 40s and what are the different products one can look at , the recent excitement over income arbitrage funds and lots more Topics we covered : How to invest in : -Fixed deposits -Liquid funds -Debt mutual funds -Income Arbitrage funds -Gold and silver funds Full interview drops on The Money Mindset tomorrow ⭐️ Saurabh Jain
1:18

On this weeks episode of The Money Mindset, we feature the very enterprising Saurabh Jain , the founder of Stable Money , a digital platform for fixed income investing. Stable money has a 3000cr book for fixed deposit investing We did a deep dive on fixed income investing in your 30s and 40s and what are the different products one can look at , the recent excitement over income arbitrage funds and lots more Topics we covered : How to invest in : -Fixed deposits -Liquid funds -Debt mutual funds -Income Arbitrage funds -Gold and silver funds Full interview drops on The Money Mindset tomorrow ⭐️ Saurabh Jain

Sonia Shenoy

21,343 次观看 • 1 年前

🔥BITCOIN, CAPITAL, RISK: DIGITAL CREDIT MASTERCLASS🔥 Bitcoin is beginning to transform from a treasury asset into the foundation of an entirely new credit market. In this digital credit masterclass, we examine how perpetual preferred capital can convert Bitcoin’s long-term appreciation into recurring income for investors. Using 100,000 Monte Carlo simulations, we model a Bitcoin balance sheet with 40% compound annual growth, 40% volatility, recurring preferred dividends, and multiple liquidity-reserve designs. We compare Strategy’s STRC with traditional preferred securities from JPMorgan and examine how Apple and Berkshire Hathaway manage liquidity alongside productive assets. The results reveal how common-equity amplification, loss absorption, sequence risk, and forced asset sales can produce radically different outcomes from the same Bitcoin return. We also identify what investors must prove before claiming that digital credit is mispriced rather than merely offering a high yield. This is the ultimate breakdown of Bitcoin, risk, capital structure, and the financial engineering that could reshape global credit markets:
27:29

🔥BITCOIN, CAPITAL, RISK: DIGITAL CREDIT MASTERCLASS🔥 Bitcoin is beginning to transform from a treasury asset into the foundation of an entirely new credit market. In this digital credit masterclass, we examine how perpetual preferred capital can convert Bitcoin’s long-term appreciation into recurring income for investors. Using 100,000 Monte Carlo simulations, we model a Bitcoin balance sheet with 40% compound annual growth, 40% volatility, recurring preferred dividends, and multiple liquidity-reserve designs. We compare Strategy’s STRC with traditional preferred securities from JPMorgan and examine how Apple and Berkshire Hathaway manage liquidity alongside productive assets. The results reveal how common-equity amplification, loss absorption, sequence risk, and forced asset sales can produce radically different outcomes from the same Bitcoin return. We also identify what investors must prove before claiming that digital credit is mispriced rather than merely offering a high yield. This is the ultimate breakdown of Bitcoin, risk, capital structure, and the financial engineering that could reshape global credit markets:

Adam Livingston

14,572 次观看 • 10 天前

A portfolio is not a collection of isolated positions. Yet much of crypto credit infrastructure still treats it that way. Institutional trading firms manage exposure across exchanges, venues, and strategies simultaneously. Evaluating each position independently can overstate the risk that actually matters: the portfolio as a whole. That's why portfolio-based margining matters. Spark Prime uses Arkis technology to evaluate exposure across DeFi and CeFi venues, allowing financing decisions to reflect net portfolio risk rather than treating each position in isolation. Read more about Spark Prime👇
0:21

A portfolio is not a collection of isolated positions. Yet much of crypto credit infrastructure still treats it that way. Institutional trading firms manage exposure across exchanges, venues, and strategies simultaneously. Evaluating each position independently can overstate the risk that actually matters: the portfolio as a whole. That's why portfolio-based margining matters. Spark Prime uses Arkis technology to evaluate exposure across DeFi and CeFi venues, allowing financing decisions to reflect net portfolio risk rather than treating each position in isolation. Read more about Spark Prime👇

Spark

15,644 次观看 • 4 个月前

Fixed income has reentered the spotlight. With multi-decade high yields, investors are rethinking portfolios in a world of abundant income but rising risks. In this episode of The Bid #podcast, Rick Rieder sits down with host Oscar Pulido, live from the Future Proof Festival to unpack why prioritizing income over duration drives today’s bond market, and how investors can find global, cross-asset opportunities. 🎧 Listen:
0:45

Fixed income has reentered the spotlight. With multi-decade high yields, investors are rethinking portfolios in a world of abundant income but rising risks. In this episode of The Bid #podcast, Rick Rieder sits down with host Oscar Pulido, live from the Future Proof Festival to unpack why prioritizing income over duration drives today’s bond market, and how investors can find global, cross-asset opportunities. 🎧 Listen:

BlackRock

20,646 次观看 • 1 年前

Strategy can never sell its Bitcoin, so the $55 billion is worth nothing, so the dividends fail, so the credit is zero, so the equity is zero. Michael Saylor walked through that argument on Diary of a CEO and then took it apart. His math on the show: Bitcoin trades about $20 billion a day, and meeting all of Strategy's obligations would be 0.01% of that market. Then Strategy sold some anyway. "We sold some Bitcoin a few weeks ago because there was a narrative that we could never sell." "No one believed us. If you want people to believe that you can do a thing, you have to do the thing." His close: "We're commercializing the market in digital credit." $MSTR bitcoin:native
2:08

Strategy can never sell its Bitcoin, so the $55 billion is worth nothing, so the dividends fail, so the credit is zero, so the equity is zero. Michael Saylor walked through that argument on Diary of a CEO and then took it apart. His math on the show: Bitcoin trades about $20 billion a day, and meeting all of Strategy's obligations would be 0.01% of that market. Then Strategy sold some anyway. "We sold some Bitcoin a few weeks ago because there was a narrative that we could never sell." "No one believed us. If you want people to believe that you can do a thing, you have to do the thing." His close: "We're commercializing the market in digital credit." $MSTR bitcoin:native

True North

37,014 次观看 • 1 个月前