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this week in the meteora ecosystem: october 5th meteora dbc hackathon ends october 12th $20,000 prize pool for colosseum x superteamearn track -> builders keep shipping. across 27+ projects, builders are exploring what assets can do onchain, how markets form & who earns from their activity. recap of select...

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Meteora Ecosystem

17,211 subscribers

11,168 Aufrufe • vor 17 Stunden •via X (Twitter)

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23 Kommentare

Profilbild von Ethics Launchpad
Ethics Launchpadvor 16 Stunden

Let's build trust

Profilbild von Corium
Coriumvor 16 Stunden

Happy that we made it to the list ☄️ GMet!

Profilbild von ChainRot
ChainRotvor 17 Stunden

📺📈

Profilbild von LFOWN
LFOWNvor 17 Stunden

🫡

Profilbild von vesper
vespervor 13 Stunden

fr @nexokane u did not have to go so hard DAMN this video slaps & then some. great tribute to meteco builders. 🐐🐐🐐

Profilbild von Zoneveld
Zoneveldvor 17 Stunden

@vesper792 i am a simple man. if i see @miniroutersh and @iamzhe on somewhere , i am gonna like immediately

Profilbild von OneOnly.lol
OneOnly.lolvor 9 Stunden

builders will win. meteora ∞ One Only

Profilbild von Tobi4real.brit | $BRIT $VORT
Tobi4real.brit | $BRIT $VORTvor 15 Stunden

@ChainRot_app 📺📈

Profilbild von x7
x7vor 9 Stunden

🔥🔥

Profilbild von HgemtekS
HgemtekSvor 16 Stunden

@VaultBags mode in @MeteoraEco ✊💎🏆

Profilbild von pallets
palletsvor 9 Stunden

@x7pad for the win

Profilbild von reid
reidvor 17 Stunden

chainrot mentioned

Profilbild von CombFiltered
CombFilteredvor 16 Stunden

@ChainRot_app I genuinely believe is going to change the future of social feeds and trading, and then some

Profilbild von VaultBags
VaultBagsvor 5 Stunden

$VAULT mode!

Profilbild von Hades
Hadesvor 5 Stunden

Build and ship szn!

Profilbild von charvelario
charvelariovor 17 Stunden

20k hackathon prize is solid. Builders keep shipping.

Profilbild von Fitna
Fitnavor 14 Stunden

@ChainRot_app Trading the story while you’re still watching it is the part that actually feels new.

Profilbild von Rizzo
Rizzovor 15 Stunden

this is promising

Profilbild von chiroosupremacy
chiroosupremacyvor 11 Stunden

$EMBER conviction level mode

Profilbild von Tradeyuxeth
Tradeyuxethvor 10 Stunden

This goes hard af 👊Spotlighting builders is super cool from Met

Profilbild von Xander Vance ☄️
Xander Vance ☄️vor 17 Stunden

idea is clear, messy part is ops

Profilbild von Only One Stxr🥀
Only One Stxr🥀vor 14 Stunden

CHAINROT might explode anytime soon

Profilbild von judy.sol
judy.solvor 4 Stunden

@ChainRot_app 👀

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meteora ecosystem highlights: sept 20 project milestones Ember has seen 336 launches and $14.4m in volume across 33 different pairs. $153.9k in trading fees generated, $80.8k paid out through its modules and 22 launches graduated. LFOWN generated $2.5k+ in trading fees in its first week, with 67 memecoins launched by 20 wallets and 2 already graduated. Stonk Options™ is bringing tokenized stock rewards to verified employees, with $22.9k+ in rewards available to workers at McDonald’s, Amazon and Apple. PerpsPad is connecting token launches to live perpetual markets. the team recently reported $45m+ in volume across almost 200 coins and $7m in perp volume. clawpump is building markets around tokenized agents. Ethics Launchpad has seen 85 launches and now supports 80+ quote tokens across stocks, memes and RWAs. RevShare lets launches earn configurable creator fees from 1–10%+ and share them with holders. its meteora launches now support custom quote assets, including stocks. OTC is bringing OTC mechanics into meteora launches through custom pairs. the team reports $400k+ paid out to desk owners. Purps v2 supports stock and RWA pairs, 800+ additional verified solana assets and configurable fees from 0.5–3%. $6.5k in launchpad revenue was pending for buybacks when last reported. Trends App is taking meteora dbc into socialfi, powering tokenized UGC campaigns with access to 10,000+ creators and direct tiktok distribution. hackathons $5,000: stocklana - ends september 25th $20,000: crypto world's far - ends october 12th start building on meteora dbc: meteora ecosystem. go build.
0:45

meteora ecosystem highlights: sept 20 project milestones Ember has seen 336 launches and $14.4m in volume across 33 different pairs. $153.9k in trading fees generated, $80.8k paid out through its modules and 22 launches graduated. LFOWN generated $2.5k+ in trading fees in its first week, with 67 memecoins launched by 20 wallets and 2 already graduated. Stonk Options™ is bringing tokenized stock rewards to verified employees, with $22.9k+ in rewards available to workers at McDonald’s, Amazon and Apple. PerpsPad is connecting token launches to live perpetual markets. the team recently reported $45m+ in volume across almost 200 coins and $7m in perp volume. clawpump is building markets around tokenized agents. Ethics Launchpad has seen 85 launches and now supports 80+ quote tokens across stocks, memes and RWAs. RevShare lets launches earn configurable creator fees from 1–10%+ and share them with holders. its meteora launches now support custom quote assets, including stocks. OTC is bringing OTC mechanics into meteora launches through custom pairs. the team reports $400k+ paid out to desk owners. Purps v2 supports stock and RWA pairs, 800+ additional verified solana assets and configurable fees from 0.5–3%. $6.5k in launchpad revenue was pending for buybacks when last reported. Trends App is taking meteora dbc into socialfi, powering tokenized UGC campaigns with access to 10,000+ creators and direct tiktok distribution. hackathons $5,000: stocklana - ends september 25th $20,000: crypto world's far - ends october 12th start building on meteora dbc: meteora ecosystem. go build.

Meteora Ecosystem

108,982 Aufrufe • vor 15 Tagen

meteora ecosystem recap · 09/28 the meteora supercycle is just getting started. 100m MET staked. thank you to everyone who staked! builders will win 111 entries submitted to stocklana for meteora’s $5,000 prize pool. next up: crypto world’s fair, with $20,000 in prizes and an october 12 deadline. 👉 SUPERNOVA INFRA award goes to Ember, VaultBags, Minirouter, Stonk Options™ & PerpsPad; select infra costs covered. across meteora DBC · 09/28 Ember leads the screener with $981.9k in 24h volume. 1,181 coins have launched and 101 have graduated. its site reports $800k+ distributed through fee modules. clawpump reports $210m+ in all-time platform volume across spot and perps. separately, its Clawrena program reports 3,705 SOL in creator fees since august 18. PerpsPad connects token launches to live perp positions. trading fees help fund positions and buybacks. OTC shows $51.2k in 24h DBC volume and routes revenue from its products to desk owners. RevShare has launched 482 coins, with configurable creator fees that can be shared with holders. Purps has launched 209 coins. its model routes fees into perp positions; realized gains can fund buybacks or holder payouts. LFOWN has reached 131 coins and 5 graduations. Ethics Launchpad has reached 101 coins and 58 graduations. launch fees can go to creators or be airdropped to holders. Stonk Options™ has launched 78 coins, bringing tokenized stock rewards into the mix. Trends App has launched 198 coins, connecting creator content and token launches inside a social app. Scribe has launched 109 coins with media inscribed into the token. its site says 80% of trading fees and 50% of NFT mint proceeds go to buybacks and burns. OneOnly.lol has its first graduation. ChainRot is bringing coin launches into a short-video feed where attention drives discovery.
0:41

meteora ecosystem recap · 09/28 the meteora supercycle is just getting started. 100m MET staked. thank you to everyone who staked! builders will win 111 entries submitted to stocklana for meteora’s $5,000 prize pool. next up: crypto world’s fair, with $20,000 in prizes and an october 12 deadline. 👉 SUPERNOVA INFRA award goes to Ember, VaultBags, Minirouter, Stonk Options™ & PerpsPad; select infra costs covered. across meteora DBC · 09/28 Ember leads the screener with $981.9k in 24h volume. 1,181 coins have launched and 101 have graduated. its site reports $800k+ distributed through fee modules. clawpump reports $210m+ in all-time platform volume across spot and perps. separately, its Clawrena program reports 3,705 SOL in creator fees since august 18. PerpsPad connects token launches to live perp positions. trading fees help fund positions and buybacks. OTC shows $51.2k in 24h DBC volume and routes revenue from its products to desk owners. RevShare has launched 482 coins, with configurable creator fees that can be shared with holders. Purps has launched 209 coins. its model routes fees into perp positions; realized gains can fund buybacks or holder payouts. LFOWN has reached 131 coins and 5 graduations. Ethics Launchpad has reached 101 coins and 58 graduations. launch fees can go to creators or be airdropped to holders. Stonk Options™ has launched 78 coins, bringing tokenized stock rewards into the mix. Trends App has launched 198 coins, connecting creator content and token launches inside a social app. Scribe has launched 109 coins with media inscribed into the token. its site says 80% of trading fees and 50% of NFT mint proceeds go to buybacks and burns. OneOnly.lol has its first graduation. ChainRot is bringing coin launches into a short-video feed where attention drives discovery.

Meteora Ecosystem

26,681 Aufrufe • vor 8 Tagen

THE GATES ARE ABOUT TO OPEN. Soon, artists will be able to launch an NFT collection and its own token through one platform on Robinhood Chain. Launch cost: about $1. Artists keep 99% of mint proceeds, paid directly to the creator. The platform takes only 1% that goes to genesis wagies and $zaibatsu. Royalties are enforced by default at the contract level through transfer validation. They are not just optional metadata that marketplaces can quietly ignore. ERC721c - yes. Every launch creates more than an NFT contract. It deploys the collection, its token, liquidity infrastructure, royalty routing and reward contracts as one connected economy. The reward mechanics have been rebuilt around direct demand for the collection’s own coin. Collection activity routes value into buybacks, burns, staker rewards and creator revenue. Now instead of selling collection token for rewards you clock in with eth directly creatong best buy pressure on token, it's totally new flywheel. Rewards pay in Stock tied to collection. The goal is simple: successful art should create measurable pressure behind its token instead of leaving holders with empty “utility” promises. Collectors get a harder setup to exploit. The creator cannot pull the protocol-owned liquidity. There is no creator-controlled LP position waiting to be removed. Royalty destinations and core payout rails cannot be redirected at will. Each collection launches with its economic rules enforced by contracts from day one. Buy the art because you want it. Collect without wondering whether the creator can drain the token’s liquidity tomorrow, mint more nfts when he wants or redirect his royalties back to his wallet. Platform revenue also stays productive. It will fund more buybacks and burns of $ZAIBATSU, while supported stocks and tokens flow into new multi-wage reward pools for Genesis Wagies NFT holders to claim. Artists get ownership, recurring revenue and a token economy built around their work. Collectors get enforced royalties, protected liquidity and transparent reward flows. Genesis Wagies become the platform’s long-term economic layer. The dev is running the final tests now before public release. Soon, the gates open. Prepare your Art. ca: 0x5DBaCA8327B0bAA57eB6C872a333Bf8D6F642BA3
1:12

THE GATES ARE ABOUT TO OPEN. Soon, artists will be able to launch an NFT collection and its own token through one platform on Robinhood Chain. Launch cost: about $1. Artists keep 99% of mint proceeds, paid directly to the creator. The platform takes only 1% that goes to genesis wagies and $zaibatsu. Royalties are enforced by default at the contract level through transfer validation. They are not just optional metadata that marketplaces can quietly ignore. ERC721c - yes. Every launch creates more than an NFT contract. It deploys the collection, its token, liquidity infrastructure, royalty routing and reward contracts as one connected economy. The reward mechanics have been rebuilt around direct demand for the collection’s own coin. Collection activity routes value into buybacks, burns, staker rewards and creator revenue. Now instead of selling collection token for rewards you clock in with eth directly creatong best buy pressure on token, it's totally new flywheel. Rewards pay in Stock tied to collection. The goal is simple: successful art should create measurable pressure behind its token instead of leaving holders with empty “utility” promises. Collectors get a harder setup to exploit. The creator cannot pull the protocol-owned liquidity. There is no creator-controlled LP position waiting to be removed. Royalty destinations and core payout rails cannot be redirected at will. Each collection launches with its economic rules enforced by contracts from day one. Buy the art because you want it. Collect without wondering whether the creator can drain the token’s liquidity tomorrow, mint more nfts when he wants or redirect his royalties back to his wallet. Platform revenue also stays productive. It will fund more buybacks and burns of $ZAIBATSU, while supported stocks and tokens flow into new multi-wage reward pools for Genesis Wagies NFT holders to claim. Artists get ownership, recurring revenue and a token economy built around their work. Collectors get enforced royalties, protected liquidity and transparent reward flows. Genesis Wagies become the platform’s long-term economic layer. The dev is running the final tests now before public release. Soon, the gates open. Prepare your Art. ca: 0x5DBaCA8327B0bAA57eB6C872a333Bf8D6F642BA3

Zaibatsu Wagies

26,939 Aufrufe • vor 1 Monat

Introducing FundByHook. A new way to support projects. No round to close. No deadline. No fundraising target. Building doesn’t stop when a funding round ends. We think funding should be able to keep going too. FundByHook is an incubator where each project gets its own token and a funding pool that stays open. People can back a project as it develops. The team draws from the pool over time to fund its work. The first fund is $RISK, the official token of FundByHook and Risk Labs, our studio. It comes with RiskLAB:500 generative compositions drawn onchain. CA: 0xbF0347cB1347B58e11Cd2Ba60854E0DD60d5F12F Here is how it works. FUNDING THAT STAYS OPEN A conventional raise has a finish line: a date, a target, a round to close. The work that follows rarely fits that calendar. On FundByHook, each pool runs through a Uniswap v4 hook. The hook controls a single liquidity position. External liquidity providers cannot add to it or pull liquidity out. You back a project by buying its token. You can sell through the same pool, subject to its available liquidity and the sell tax. The team receives funding in three ways: → 1% on buys, paid to the team → 10% of the ETH paid out by sells, paid to the team → A manual draw of 1% of the pool’s current ETH reserve, available at most once every seven days The draw does not accumulate. Waiting three weeks does not unlock three withdrawals. The team must trigger it, and each draw starts a new seven-day wait. Tokens remain in the pool. ETH leaves to fund the work. Each draw lowers the pool price slightly. After launch, the fund contracts have no admin setters, pause or upgrade functions. Only the team can trigger the draw. The funding rules stay fixed. Contracts by Tim and Risk Labs. FUND 1: $RISK $RISK has a fixed supply of 500 tokens. 400 seed the pool. It starts with no ETH: buyers bring it in. Buys move the price up; sells move it down. The remaining 100 $RISK are allocated to Risk Labs to reward people who help move our projects forward. The first 5 go out this week to people who helped move ELA forward. Those 100 tokens are not locked by code. We are responsible for how they are used. $RISK also has a visual form. RiskLAB is a collection of 500 generative compositions built from frames, cells and nodes. Both the images and their metadata are generated onchain. ONE TOKEN. ONE PIECE. With NFT mirroring enabled, each whole $RISK in your wallet corresponds to one RiskLAB piece, an ERC-721. 12.93 $RISK = 12 pieces + a 0.93-token fraction. Transfer a piece and one whole $RISK moves with it. Sell 1 $RISK from that balance and you are left with 11 pieces and 0.93 $RISK. One piece is burned; its ID can later be reissued. Your tokens and pieces are two representations of the same holding. NFT mirroring is enabled by default for ordinary wallets, and holders can change their own setting. THE PLATFORM TOKEN $RISK is the official token of FundByHook. Each fund launched on the platform will have its own token; $RISK remains the token of the platform and Risk Labs. It is also how we want holders to participate in what Risk Labs builds next. Our commitment: every future Risk Labs project will share a portion of its fees with $RISK holders. That commitment comes from the lab. It is not enforced by the $RISK contracts. The percentage, timing, eligibility and distribution mechanism are still to be defined. There is no fee-sharing mechanism live in these contracts today. On $RISK itself, all buy fees, sell taxes and team draws go to the team. THE DOOR For the first 10 blocks after the pool is seeded, buying is restricted to enlisted wallets. There is a door hidden in a site that was live long before the contract. That is all we will say. WHAT COMES NEXT $RISK is Fund 1. The next funds will come from ideas worth building, whether they come from Risk Labs or anyone else. Eventually, anyone will be able to launch a fund on FundByHook. Today, only the lab can launch. Permissionless launches are not live yet. For the lab, two rules apply: 01 / Each project must run autonomously before we start the next. 02 / Nothing launches without a good idea. $RISK remains the platform and studio token as those projects take shape. That is the experiment: Can funding stay open as long as the building does? Risk Labs starts with $RISK. What we build next has to earn your continued support. FundByHook is open now: Explore RiskLAB on FundByHook: Back the ones you believe in.
0:36

Introducing FundByHook. A new way to support projects. No round to close. No deadline. No fundraising target. Building doesn’t stop when a funding round ends. We think funding should be able to keep going too. FundByHook is an incubator where each project gets its own token and a funding pool that stays open. People can back a project as it develops. The team draws from the pool over time to fund its work. The first fund is $RISK, the official token of FundByHook and Risk Labs, our studio. It comes with RiskLAB:500 generative compositions drawn onchain. CA: 0xbF0347cB1347B58e11Cd2Ba60854E0DD60d5F12F Here is how it works. FUNDING THAT STAYS OPEN A conventional raise has a finish line: a date, a target, a round to close. The work that follows rarely fits that calendar. On FundByHook, each pool runs through a Uniswap v4 hook. The hook controls a single liquidity position. External liquidity providers cannot add to it or pull liquidity out. You back a project by buying its token. You can sell through the same pool, subject to its available liquidity and the sell tax. The team receives funding in three ways: → 1% on buys, paid to the team → 10% of the ETH paid out by sells, paid to the team → A manual draw of 1% of the pool’s current ETH reserve, available at most once every seven days The draw does not accumulate. Waiting three weeks does not unlock three withdrawals. The team must trigger it, and each draw starts a new seven-day wait. Tokens remain in the pool. ETH leaves to fund the work. Each draw lowers the pool price slightly. After launch, the fund contracts have no admin setters, pause or upgrade functions. Only the team can trigger the draw. The funding rules stay fixed. Contracts by Tim and Risk Labs. FUND 1: $RISK $RISK has a fixed supply of 500 tokens. 400 seed the pool. It starts with no ETH: buyers bring it in. Buys move the price up; sells move it down. The remaining 100 $RISK are allocated to Risk Labs to reward people who help move our projects forward. The first 5 go out this week to people who helped move ELA forward. Those 100 tokens are not locked by code. We are responsible for how they are used. $RISK also has a visual form. RiskLAB is a collection of 500 generative compositions built from frames, cells and nodes. Both the images and their metadata are generated onchain. ONE TOKEN. ONE PIECE. With NFT mirroring enabled, each whole $RISK in your wallet corresponds to one RiskLAB piece, an ERC-721. 12.93 $RISK = 12 pieces + a 0.93-token fraction. Transfer a piece and one whole $RISK moves with it. Sell 1 $RISK from that balance and you are left with 11 pieces and 0.93 $RISK. One piece is burned; its ID can later be reissued. Your tokens and pieces are two representations of the same holding. NFT mirroring is enabled by default for ordinary wallets, and holders can change their own setting. THE PLATFORM TOKEN $RISK is the official token of FundByHook. Each fund launched on the platform will have its own token; $RISK remains the token of the platform and Risk Labs. It is also how we want holders to participate in what Risk Labs builds next. Our commitment: every future Risk Labs project will share a portion of its fees with $RISK holders. That commitment comes from the lab. It is not enforced by the $RISK contracts. The percentage, timing, eligibility and distribution mechanism are still to be defined. There is no fee-sharing mechanism live in these contracts today. On $RISK itself, all buy fees, sell taxes and team draws go to the team. THE DOOR For the first 10 blocks after the pool is seeded, buying is restricted to enlisted wallets. There is a door hidden in a site that was live long before the contract. That is all we will say. WHAT COMES NEXT $RISK is Fund 1. The next funds will come from ideas worth building, whether they come from Risk Labs or anyone else. Eventually, anyone will be able to launch a fund on FundByHook. Today, only the lab can launch. Permissionless launches are not live yet. For the lab, two rules apply: 01 / Each project must run autonomously before we start the next. 02 / Nothing launches without a good idea. $RISK remains the platform and studio token as those projects take shape. That is the experiment: Can funding stay open as long as the building does? Risk Labs starts with $RISK. What we build next has to earn your continued support. FundByHook is open now: Explore RiskLAB on FundByHook: Back the ones you believe in.

Risk Labs

29,308 Aufrufe • vor 6 Tagen

This is the best way to understand $STONKBROKER. The features Ansem 🐂🀄️ mentions like stock distributions are cool, but it's easy to lose sight of the bigger picture. Let's dive in. 1. WTF is $STONKBROKER? Most people see it as just an NFT collection. It is not. It is the next generation's infrastructure for financial assets onchain. Think $VIRTUAL but with far better distribution and far more variety in assets and technology. $STONKBROKER's ecosystem already includes fundamental tech like: on-chain stocks with dividends, a new Automated Market Maker, interchangeable NFTs and tokens, a stock token gachapon, and a community-mining RNG protocol. Coming next: their Launchpad, DEX, options trading, and RWA expansion from Pokemon cards to real estate. All under one token. Normally all of these components would be separate projects with separate tokens. Their launchpad is releasing any minute now with their first curated launch $MANCER, which aims to be the Jupiter ($JUP) of RH. This and their VRNG generator $DERP are the first of many special launches that will grow the ecosystem. Just like how every AI agent did that for $VIRTUAL. 2. How does it work? The $STONKBROKER token is the native ERC-20 token that ties it all together. The token and the NFTs are interchangeable. Simply put, $STONKBROKER tokens can be seen as individual dollar coins, while the NFTs are dollar bills worth 666,666 coins. You can exchange coins for bills (666,666 coins) and vice versa at their Vault. Owning the NFT (the bill) gives you additional privileges. Every product in the ecosystem drives value back to both. The NFTs can clock in and choose which assets they receive distributions from, including stocks like Tesla, Apple, and Nvidia. They also receive revenue share for all current and future products. $STONKBROKER is used across every product and is continuously burned through multiple mechanics, including NFT activation to receive its benefits. Their launchpad will also pair tokens to $STONKBROKER, creating constant demand for it. Now imagine when all the other features release that burn tokens and provide revenue. This is one of the most intricate token mechanics to date. 3. Who is behind it? SimpleFarmer built $STONKBROKER. He is the former Head of DeFi at Ape Chain from Yuga Labs. He won grants from Polymarket and Arbitrum and has spent years building the underlying DeFi infrastructure. At ApeCo he saw the gap that defined this project. Most DeFi projects have substance but struggle with distribution. While most NFTs have distribution but have no real substance. $STONKBROKER brings the two together. The approach is infrastructure-first. He spent years building the technology but needed distribution before launching. Now he has both. His community has been with him since Bored Apes and his former project Clutch Puppies. He genuinely cares about the community and advancing crypto. 4. What's the edge? The architecture is built so the tokens can trade on centralized exchanges. Centralized exchanges will not touch mineable tokens because of the security and accounting risks. SimpleFarmer learned this at ApeCo trying to get $APE listed on more exchanges. The infrastructure was there. The demand was there. The CEX listing was blocked by the token standard. No other hybrid token/NFT project has solved this. Only $STONKBROKER has. Every project that launches through their infrastructure will also be CEX-ready for potential future listings on Robinhood, Binance, Coinbase, and the other exchanges. This is your next 100x
2:09

This is the best way to understand $STONKBROKER. The features Ansem 🐂🀄️ mentions like stock distributions are cool, but it's easy to lose sight of the bigger picture. Let's dive in. 1. WTF is $STONKBROKER? Most people see it as just an NFT collection. It is not. It is the next generation's infrastructure for financial assets onchain. Think $VIRTUAL but with far better distribution and far more variety in assets and technology. $STONKBROKER's ecosystem already includes fundamental tech like: on-chain stocks with dividends, a new Automated Market Maker, interchangeable NFTs and tokens, a stock token gachapon, and a community-mining RNG protocol. Coming next: their Launchpad, DEX, options trading, and RWA expansion from Pokemon cards to real estate. All under one token. Normally all of these components would be separate projects with separate tokens. Their launchpad is releasing any minute now with their first curated launch $MANCER, which aims to be the Jupiter ($JUP) of RH. This and their VRNG generator $DERP are the first of many special launches that will grow the ecosystem. Just like how every AI agent did that for $VIRTUAL. 2. How does it work? The $STONKBROKER token is the native ERC-20 token that ties it all together. The token and the NFTs are interchangeable. Simply put, $STONKBROKER tokens can be seen as individual dollar coins, while the NFTs are dollar bills worth 666,666 coins. You can exchange coins for bills (666,666 coins) and vice versa at their Vault. Owning the NFT (the bill) gives you additional privileges. Every product in the ecosystem drives value back to both. The NFTs can clock in and choose which assets they receive distributions from, including stocks like Tesla, Apple, and Nvidia. They also receive revenue share for all current and future products. $STONKBROKER is used across every product and is continuously burned through multiple mechanics, including NFT activation to receive its benefits. Their launchpad will also pair tokens to $STONKBROKER, creating constant demand for it. Now imagine when all the other features release that burn tokens and provide revenue. This is one of the most intricate token mechanics to date. 3. Who is behind it? SimpleFarmer built $STONKBROKER. He is the former Head of DeFi at Ape Chain from Yuga Labs. He won grants from Polymarket and Arbitrum and has spent years building the underlying DeFi infrastructure. At ApeCo he saw the gap that defined this project. Most DeFi projects have substance but struggle with distribution. While most NFTs have distribution but have no real substance. $STONKBROKER brings the two together. The approach is infrastructure-first. He spent years building the technology but needed distribution before launching. Now he has both. His community has been with him since Bored Apes and his former project Clutch Puppies. He genuinely cares about the community and advancing crypto. 4. What's the edge? The architecture is built so the tokens can trade on centralized exchanges. Centralized exchanges will not touch mineable tokens because of the security and accounting risks. SimpleFarmer learned this at ApeCo trying to get $APE listed on more exchanges. The infrastructure was there. The demand was there. The CEX listing was blocked by the token standard. No other hybrid token/NFT project has solved this. Only $STONKBROKER has. Every project that launches through their infrastructure will also be CEX-ready for potential future listings on Robinhood, Binance, Coinbase, and the other exchanges. This is your next 100x

Tony Doerga

26,107 Aufrufe • vor 1 Monat

Never stop November. Through wintry conditions, the developers & community of Avalanche continued to forge ahead. This list is proof Avalanche is the most resilient community in crypto. Here are 50 updates across the ecosystem last month: If we missed anything comment below. 1. files $AVAX ETF with staking yield 2. Securitize just received EU approval to run a regulated trading and settlement system on Avalanche 3. Dexalot surpasses 400m transactions on it’s L1 4. Yield Yak 🐃 🥛 ships a new UI for their famous AI vaults 5. Helika opens applications for season 2 of it’s gaming accelerator 6. Pharaoh on AVAX prints an all-time high in fees generated 7. Hatchyverse breaks 3,000 Gen2 holders and joins the W3X Cohort 8. LaunchLoop & Funtico holds a game developer gamejam 9. Helika opens applications for season 2 of their gaming accelerator program 10. Playfull goes live with Season 3 of The Avalanche Battlepass 11. Off The Grid wins 5 GAM3Sgg awards, including Game of the Year 12. MapleStory Universe crosses 100M transactions on their L1 13. Blaze’s onchain streaming platform goes live 14. drops their big Blood Moon update 15. Paradise Tycoon 🌴 kicks off its biggest event to date, Harvest Festival 16. Dremica launches Dremica Carnage on beam 17. Castle Of Blackwater pushes a big update 18. experiments with additional onchain strategies 19. The Grotto launches its testnet to do public QA before launch 20. MyStandard.io 💫 saw 500% growth on it’s iOS/Android app in November 21. Avalanche Team1 launched its Uni Tour #1 educating students on avalanche across the globe 22. Anthony Scaramucci hints at upcoming book Avalanche Ascending 23. Ava labs creative team launches 24. Avant launches it’s points program 25. Smitty and Kieks ✨ got married #avaxRoyalWedding🔺👑 26. Avalanche Granite launched on mainnet 27. @TheBlock__ launches Layer One, a new podcast with Steven9000 🎈 (L1/acc) & Kelvin Sparks highlighting the ecosystem 28. Record announces real time artist royalties on Avalanche 29. StableFlow integrates Avalanche 30. BENQI🔺 partners with Anchorage to offer staked avax to institutional clients 31. SUNTORY WEB3 releases extremely rare Bowmore ARC-54 Bottle No.128 available to purchase on Avalanche 32. SeaFi announces a secondary marketplace for Euler vault shares 33. NEXPACE announces a 50m ecosystem fund 34. SWANNY 🔺 launches the Team1 Australia chapter 35. Avalanche Developers 🔺 launches payments x402 hack2build 36. Superform launches it’s user-owned neobank on Avalanche 37. Messari by Blockworks releases it’s bullish Q3 Avalanche Report 38. Sierra launches on Avalanche, powered by OpenTrade 39. South Korean NH NongHyup Bank has launched a blockchain-powered VAT refund system on Avalanche 40. Routescan launches new features to identify verified contracts onchain 41. jaack 🛡️ 🔺️ ➡ NYC introduces ACP-246 for discussion within the Avalanche Community 42. FIFA Collect opens redemptions for it’s successful FIFA World Cup 2026 right-to-buy collectables 43. FIS and Intain launch the Digital Liquidity gateway 44. launches new collection 45. Avalanche Team1 finishes Avalanche India Pitch Day with over 3500 developer requests 46. thirdweb launches x402 chain support on Avalanche 47. Re integrates with Spectra Finance turning Re Points to programmable onchain markets 48. Hypha🌱 is partnering with BitGo to bring Institutional-Grade access to Avalanche staking 49. KITE AI launched their token for it’s trusted AI Avalanche L1 50. Wolfi Land 🔺 adds new maps and features to Wolfi Rumble Beta whew. That was a lot. If we missed anything comment below. Congrats to all the builders on Avalanche. Back to work🔺
0:26

Never stop November. Through wintry conditions, the developers & community of Avalanche continued to forge ahead. This list is proof Avalanche is the most resilient community in crypto. Here are 50 updates across the ecosystem last month: If we missed anything comment below. 1. files $AVAX ETF with staking yield 2. Securitize just received EU approval to run a regulated trading and settlement system on Avalanche 3. Dexalot surpasses 400m transactions on it’s L1 4. Yield Yak 🐃 🥛 ships a new UI for their famous AI vaults 5. Helika opens applications for season 2 of it’s gaming accelerator 6. Pharaoh on AVAX prints an all-time high in fees generated 7. Hatchyverse breaks 3,000 Gen2 holders and joins the W3X Cohort 8. LaunchLoop & Funtico holds a game developer gamejam 9. Helika opens applications for season 2 of their gaming accelerator program 10. Playfull goes live with Season 3 of The Avalanche Battlepass 11. Off The Grid wins 5 GAM3Sgg awards, including Game of the Year 12. MapleStory Universe crosses 100M transactions on their L1 13. Blaze’s onchain streaming platform goes live 14. drops their big Blood Moon update 15. Paradise Tycoon 🌴 kicks off its biggest event to date, Harvest Festival 16. Dremica launches Dremica Carnage on beam 17. Castle Of Blackwater pushes a big update 18. experiments with additional onchain strategies 19. The Grotto launches its testnet to do public QA before launch 20. MyStandard.io 💫 saw 500% growth on it’s iOS/Android app in November 21. Avalanche Team1 launched its Uni Tour #1 educating students on avalanche across the globe 22. Anthony Scaramucci hints at upcoming book Avalanche Ascending 23. Ava labs creative team launches 24. Avant launches it’s points program 25. Smitty and Kieks ✨ got married #avaxRoyalWedding🔺👑 26. Avalanche Granite launched on mainnet 27. @TheBlock__ launches Layer One, a new podcast with Steven9000 🎈 (L1/acc) & Kelvin Sparks highlighting the ecosystem 28. Record announces real time artist royalties on Avalanche 29. StableFlow integrates Avalanche 30. BENQI🔺 partners with Anchorage to offer staked avax to institutional clients 31. SUNTORY WEB3 releases extremely rare Bowmore ARC-54 Bottle No.128 available to purchase on Avalanche 32. SeaFi announces a secondary marketplace for Euler vault shares 33. NEXPACE announces a 50m ecosystem fund 34. SWANNY 🔺 launches the Team1 Australia chapter 35. Avalanche Developers 🔺 launches payments x402 hack2build 36. Superform launches it’s user-owned neobank on Avalanche 37. Messari by Blockworks releases it’s bullish Q3 Avalanche Report 38. Sierra launches on Avalanche, powered by OpenTrade 39. South Korean NH NongHyup Bank has launched a blockchain-powered VAT refund system on Avalanche 40. Routescan launches new features to identify verified contracts onchain 41. jaack 🛡️ 🔺️ ➡ NYC introduces ACP-246 for discussion within the Avalanche Community 42. FIFA Collect opens redemptions for it’s successful FIFA World Cup 2026 right-to-buy collectables 43. FIS and Intain launch the Digital Liquidity gateway 44. launches new collection 45. Avalanche Team1 finishes Avalanche India Pitch Day with over 3500 developer requests 46. thirdweb launches x402 chain support on Avalanche 47. Re integrates with Spectra Finance turning Re Points to programmable onchain markets 48. Hypha🌱 is partnering with BitGo to bring Institutional-Grade access to Avalanche staking 49. KITE AI launched their token for it’s trusted AI Avalanche L1 50. Wolfi Land 🔺 adds new maps and features to Wolfi Rumble Beta whew. That was a lot. If we missed anything comment below. Congrats to all the builders on Avalanche. Back to work🔺

Avalanche🔺

69,717 Aufrufe • vor 10 Monaten

FLOKI LAUNCHES TOKENFI (with "TOKEN" ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY Floki has launched a crypto and asset tokenization platform named TokenFi to capitalize on the trillion-dollar tokenization industry. The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world's biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry's potential, which they call "the next evolution in markets". TokenFi, with the ticker TOKEN, aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world. We will unveil the platform website on the 27th of October, and you can finally see what we've got planned, but for now, you can find the token details below. TOKENFI TOKEN DETAILS: - Token name: TokenFi - Token Ticker: TOKEN - Total supply: 10 billion tokens split across BSC and ETH (5 billion tokens on each chain). - Launch market cap: $50,000 circulating and $500,000 diluted market cap. - Industry targeted: Tokenization, Real World Assets, Launchpad. An initial 10% token supply will be added to Liquidity Pools on Uniswap and PancakeSwap to provide public liquidity and allow interested parties to trade. TRADING WILL COMMENCE ON UNISWAP AND PANCAKESWAP BY 3PM UTC ON OCTOBER, 27 2023. - BSC contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528 - ETH contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528 (NOTE: The contract address is the same on both the BSC and ETH chains). FLOKI stakers will earn 56% of the supply over a period of 4 years. The Floki community is known for being diamond-handed, and with TokenFi being in an industry with MASSIVE potential, FLOKI holders are the best candidates to receive the majority of TokenFi tokens. Since they would be staking their FLOKI tokens to get the new token, this will also ensure stability for the FLOKI token! TokenFi supply will be split evenly between the BSC and ETH chains: In other words, there will be 5 billion tokens on BSC and 5 billion tokens on ETH, to make for a combined total of 10 billion tokens. 5% of the supply will be paired with LP on BSC and the other 5% on ETH. This will make the starting circulating market cap on BSC a $25k market cap and on ETH a $25k market cap to make a combined initial circulating market cap of $50k and an initial fully diluted market cap of $500k (which will be gradually released to FLOKI stakers over a four year period). IMPORTANT INFORMATION FOR THE FIRST HOUR OF LAUNCH We understand that with this being a Floki token, there is a lot of hype. As a result, we have put measures in place to limit the impact of snipers on the token: Specifically, there will be a 1% wallet cap (of total supply) within the first hour of launch. That means no individual wallet can buy more than 100 million tokens within the first hour of the token becoming tradable. In addition, there will be an initial buy/sell transaction tax of 20% within the first hour. This transaction tax will do two things: 1) potentially limit the impact of snipers and 2) ensure a significant portion of whatever snipers/early buyers spend goes to the Floki treasury, which can be used for growth and development efforts. After the first hour, the wallet cap will be removed, and the transaction tax will be lowered to 5%. This 5% tax will remain in place for a week, after which the Floki DAO will vote on whether or not to remove or reduce it. We have instructed our exchange partners not to list TokenFi until this DAO vote. OUR PLAN FOR TOKENFI TokenFi is a well-thought-out concept that we have a strong capability to deliver on! We will unveil our roadmap with the launch of the TokenFi website on the 27th of October, 2023. However, we assure you that several TokenFi products are in advanced development on testnet and are due to go live in Q4 2023. In addition, we are working with some of the biggest names in the industry - especially from an institutional perspective - to make TokenFi a success, and they are quite excited about the concept and its potential. In our original DAO proposal, we already announced DWF Labs as our main institutional partner and market maker for TokenFi. We also announced a strategic partnership with World Table Tennis that will introduce TokenFi to a massive audience of 120 million people. We will announce many more partners in the coming weeks and months, and I'm sure that when you see the moves we have made, you will see why there is no better person to execute this vision than Floki!
1:00

FLOKI LAUNCHES TOKENFI (with "TOKEN" ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY Floki has launched a crypto and asset tokenization platform named TokenFi to capitalize on the trillion-dollar tokenization industry. The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world's biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry's potential, which they call "the next evolution in markets". TokenFi, with the ticker TOKEN, aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world. We will unveil the platform website on the 27th of October, and you can finally see what we've got planned, but for now, you can find the token details below. TOKENFI TOKEN DETAILS: - Token name: TokenFi - Token Ticker: TOKEN - Total supply: 10 billion tokens split across BSC and ETH (5 billion tokens on each chain). - Launch market cap: $50,000 circulating and $500,000 diluted market cap. - Industry targeted: Tokenization, Real World Assets, Launchpad. An initial 10% token supply will be added to Liquidity Pools on Uniswap and PancakeSwap to provide public liquidity and allow interested parties to trade. TRADING WILL COMMENCE ON UNISWAP AND PANCAKESWAP BY 3PM UTC ON OCTOBER, 27 2023. - BSC contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528 - ETH contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528 (NOTE: The contract address is the same on both the BSC and ETH chains). FLOKI stakers will earn 56% of the supply over a period of 4 years. The Floki community is known for being diamond-handed, and with TokenFi being in an industry with MASSIVE potential, FLOKI holders are the best candidates to receive the majority of TokenFi tokens. Since they would be staking their FLOKI tokens to get the new token, this will also ensure stability for the FLOKI token! TokenFi supply will be split evenly between the BSC and ETH chains: In other words, there will be 5 billion tokens on BSC and 5 billion tokens on ETH, to make for a combined total of 10 billion tokens. 5% of the supply will be paired with LP on BSC and the other 5% on ETH. This will make the starting circulating market cap on BSC a $25k market cap and on ETH a $25k market cap to make a combined initial circulating market cap of $50k and an initial fully diluted market cap of $500k (which will be gradually released to FLOKI stakers over a four year period). IMPORTANT INFORMATION FOR THE FIRST HOUR OF LAUNCH We understand that with this being a Floki token, there is a lot of hype. As a result, we have put measures in place to limit the impact of snipers on the token: Specifically, there will be a 1% wallet cap (of total supply) within the first hour of launch. That means no individual wallet can buy more than 100 million tokens within the first hour of the token becoming tradable. In addition, there will be an initial buy/sell transaction tax of 20% within the first hour. This transaction tax will do two things: 1) potentially limit the impact of snipers and 2) ensure a significant portion of whatever snipers/early buyers spend goes to the Floki treasury, which can be used for growth and development efforts. After the first hour, the wallet cap will be removed, and the transaction tax will be lowered to 5%. This 5% tax will remain in place for a week, after which the Floki DAO will vote on whether or not to remove or reduce it. We have instructed our exchange partners not to list TokenFi until this DAO vote. OUR PLAN FOR TOKENFI TokenFi is a well-thought-out concept that we have a strong capability to deliver on! We will unveil our roadmap with the launch of the TokenFi website on the 27th of October, 2023. However, we assure you that several TokenFi products are in advanced development on testnet and are due to go live in Q4 2023. In addition, we are working with some of the biggest names in the industry - especially from an institutional perspective - to make TokenFi a success, and they are quite excited about the concept and its potential. In our original DAO proposal, we already announced DWF Labs as our main institutional partner and market maker for TokenFi. We also announced a strategic partnership with World Table Tennis that will introduce TokenFi to a massive audience of 120 million people. We will announce many more partners in the coming weeks and months, and I'm sure that when you see the moves we have made, you will see why there is no better person to execute this vision than Floki!

FLOKI

1,956,042 Aufrufe • vor 2 Jahren

Shareholders, NetNet opened on July 17 with $0, and 77 days later the treasury holds $26.8M. The RW-PLAY games have taken in more than $1.9M across 137,000 plays along the way. In the last two weeks, our treasury has added $6.9M. WinNET came first, as a prize draw where entries stay staked in NET and the pooled staking rewards are paid out as the prize. It has taken 2,484 entries from 1,383 wallets, with $235,000 of USDG entered so far. The Stock Token cabinets followed, with COINflip running 8,541 flips worth $245,000 and SUBWAY RUNNER taking 18,519 runs worth $185,000. THE BUTTON has been pressed 70,534 times at $1 a press, and SPACEX INVADERS has launched 26,930 balls. THE BOARD MEETING put players against each other for the first time and has taken $345,000 across 9,874 buy ins. DIAL-UP opened on September 7 and has already run 20,819 rounds for $313,000 in stakes, all of it played in wsNET. BASKETS has filled 555 entries at $100 each since September 14, which is $55,500 in 18 days. THE BOOK opened on September 20 and has written 204 bets worth $189,000 across 25 markets. Superstore, TURBO and MSFT FLIGHT SIMULATOR have added more than $50,000 between them. Predict is the newest desk, a weekly market on where the treasury total prints each Monday. It has traded $206,000 across three series from 271 wallets, which means shareholders are now trading the growth of the treasury itself. That is fourteen desks shipped in 77 days, nearly $1.9M played through them, and a treasury that went from $50,000 to $26.8M over the same stretch. Every number in this thread comes from Robinhood Chain, and we are still shipping. So whats next? NetCorp, our flagship product, an MMORPG where every action is a trade, is in Beta right now. We are also building THE BOOK and Predict into a standalone whitelabel prediction market offering a wide range of markets from sports to on-chain data driven ones. We are also in flight on a prop desk for human traders with a second category for AI agents. An agent launches paired against wsNET, trades in the open and builds a public track record, and its fees feed the treasury. Proven agents can earn credit lines and a weekly prize pot. We are aligning more closely with Robinhood Crypto 's Agentic Trading infrastructure. Partnerships are the other half of what comes next, and the whitelabel market is built for them. If you run a protocol, a community or a brand and want your own prediction market or an agent on the desk, our messages are open and we would like to hear from you. More Soon.
0:42

Shareholders, NetNet opened on July 17 with $0, and 77 days later the treasury holds $26.8M. The RW-PLAY games have taken in more than $1.9M across 137,000 plays along the way. In the last two weeks, our treasury has added $6.9M. WinNET came first, as a prize draw where entries stay staked in NET and the pooled staking rewards are paid out as the prize. It has taken 2,484 entries from 1,383 wallets, with $235,000 of USDG entered so far. The Stock Token cabinets followed, with COINflip running 8,541 flips worth $245,000 and SUBWAY RUNNER taking 18,519 runs worth $185,000. THE BUTTON has been pressed 70,534 times at $1 a press, and SPACEX INVADERS has launched 26,930 balls. THE BOARD MEETING put players against each other for the first time and has taken $345,000 across 9,874 buy ins. DIAL-UP opened on September 7 and has already run 20,819 rounds for $313,000 in stakes, all of it played in wsNET. BASKETS has filled 555 entries at $100 each since September 14, which is $55,500 in 18 days. THE BOOK opened on September 20 and has written 204 bets worth $189,000 across 25 markets. Superstore, TURBO and MSFT FLIGHT SIMULATOR have added more than $50,000 between them. Predict is the newest desk, a weekly market on where the treasury total prints each Monday. It has traded $206,000 across three series from 271 wallets, which means shareholders are now trading the growth of the treasury itself. That is fourteen desks shipped in 77 days, nearly $1.9M played through them, and a treasury that went from $50,000 to $26.8M over the same stretch. Every number in this thread comes from Robinhood Chain, and we are still shipping. So whats next? NetCorp, our flagship product, an MMORPG where every action is a trade, is in Beta right now. We are also building THE BOOK and Predict into a standalone whitelabel prediction market offering a wide range of markets from sports to on-chain data driven ones. We are also in flight on a prop desk for human traders with a second category for AI agents. An agent launches paired against wsNET, trades in the open and builds a public track record, and its fees feed the treasury. Proven agents can earn credit lines and a weekly prize pot. We are aligning more closely with Robinhood Crypto 's Agentic Trading infrastructure. Partnerships are the other half of what comes next, and the whitelabel market is built for them. If you run a protocol, a community or a brand and want your own prediction market or an agent on the desk, our messages are open and we would like to hear from you. More Soon.

NetNet Capital

60,161 Aufrufe • vor 3 Tagen

OH BOY! 🚨 THE CFTC JUST SAID IT’S GO TIME FOR 24/7 ONCHAIN MARKETS. If you’re still sleeping on $XRP, $XLM and $HBAR, this long read may completely change how you see what’s being built. I’ve been going back through everything CFTC Chairman Michael Selig said this week, and the more I connect it with what is already happening on XRP Ledger, Stellar and Hedera, the more serious this gets. Selig is talking about a financial market that looks very different from the one most people grew up with. Markets that stay open around the clock. Assets that exist directly on public ledgers. Stablecoins moving alongside securities. Collateral moving almost instantly. Algorithms making decisions faster than humans. AI agents eventually trading, paying, borrowing and moving value automatically. His September 22 remarks were explicit: markets need to prepare for mass tokenization, blockchain and AI adoption at scale, onchain finance and 24/7 trading. He also described tokenization as infrastructure that could enable near-instant settlement and real-time collateral mobility across clearinghouses, intermediaries and end users. Then on CNBC the next day, he went even further and talked about markets transitioning toward “24-7 on-chain” systems driven by algorithms and agentic finance. That language is incredibly important to me because $XRP, $XLM and $HBAR are already built around parts of that exact world. And there is another detail people need to remember. Back on March 17, the SEC issued its crypto interpretation with CFTC participation. The interpretation explicitly lists XRP, Stellar (XLM) and Hedera (HBAR) as examples of digital commodities. Read those two developments together. March: XRP, XLM and HBAR enter the agencies’ digital-commodity framework. September: the CFTC Chairman starts publicly preparing the market for mass tokenization, continuous onchain finance, AI and automated markets. That connection deserves way more attention. And the regulatory work kept moving even after the CLARITY Act failed to advance on September 15 by a 49–50 cloture vote. Two days later, the CFTC had a crypto-market regulatory action sitting with OIRA, titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets,” RIN 3038-AF80. The same day, the SEC launched its five-year Innovation Exemption allowing qualifying Tokenized Securities Venues to use permissioned AMM liquidity pools on public, permissionless distributed ledgers for tokenized NMS stocks. Then September 21, the CFTC announced its Frontier Forum Series, beginning October 28 with a forum specifically about artificial intelligence and agentic finance. That is a lot happening in one week. And when I compare it with these three networks, I see something very specific. Start with $XRP. XRPL already operates 24/7. It already has a native DEX. It already has order books. It already has AMMs. It already has compliance-focused infrastructure. And it already has institutional tokenization happening on the ledger. Guggenheim Treasury Services’ Digital Commercial Paper came to XRPL after the platform had already processed more than $280M in issuance. Ondo OUSG gives qualified investors tokenized Treasury exposure with RLUSD available for settlement around the clock. Aviva Investors announced its intention to work with Ripple around bringing traditional fund structures onto XRPL. Then Ripple invested in ZILO and Licuido around transfer agency, issuance and collateral infrastructure. Pause there. Selig specifically talks about real-time collateral mobility. XRPL is moving toward an environment where assets can be issued, traded, settled, collateralized and eventually lent against on the same digital infrastructure. And the stablecoin side is becoming serious. The context puts RLUSD at roughly $2.3956B circulating, backed by about $2.5177B in reserves. So now XRPL can have tokenized Treasuries, commercial paper, stablecoin liquidity, a native DEX and institutional trading infrastructure living together. That starts looking less like one payments product and more like a financial market. Then agentic finance enters. Ripple’s XRPL AI Starter Kit supports x402 payments using XRP or RLUSD. An AI agent can potentially request an API, pay for compute, purchase data or access a digital service automatically. No human needs to open a banking app every time. The agent can pay. The service can respond. The settlement happens on XRPL. And XRP has native economic roles throughout the ledger. Transaction fees consume XRP. Accounts require XRP reserves. XRP can also participate in cross-asset routing and auto-bridging. So if Selig’s 24/7, tokenized and automated market actually grows, XRPL already has technology aimed directly at that environment. Now move to $XLM. Stellar may be one of the easiest networks to understand through Selig’s framework because it already has both assets and money moving onchain. By Q2 2026, tokenized RWAs on Stellar had crossed $3B. Stablecoin transfer volume reached $11.4B during Q2. And the network had more than 10.7M active accounts. Then BVNK integrated Stellar into its enterprise stablecoin infrastructure on September 22. BVNK processes roughly $39B in annualized payment volume and supports businesses across more than 130 countries. So right as the CFTC Chairman is talking about continuous onchain financial markets, Stellar is getting plugged deeper into enterprise stablecoin settlement. That feels extremely well timed. But the part I think people are going to discover later is Stellar’s agentic-finance positioning. The Stellar Development Foundation is a Premier member of the Linux Foundation’s x402 Foundation and holds a governing-board seat. Stellar supports x402. It also supports Machine Payments Protocol. That means an AI agent can use tokenized money or USDC to pay for data, an API, a service or another digital resource. Five-second-class settlement becomes very interesting when the payer is software. Humans sleep. Agents do not. Humans might make a handful of financial transactions during a day. Software could eventually make hundreds, thousands or millions of tiny economic decisions continuously. Every one of those transactions creates network activity. And XLM still sits underneath Stellar’s operation. Transaction fees are paid in XLM. Account reserves require XLM. Smart-contract rent and network resources use XLM. So an enterprise can think entirely in dollars. An AI agent can think in USDC. The ledger still operates with XLM beneath the surface. Then you get to $HBAR, and Selig’s language becomes almost eerie. Mass tokenization? Archax has more than 100 tokenized assets tied to its Hedera infrastructure, six asset managers onboarded and more than $300M tokenized in the context. Real-time collateral mobility? Lloyds Banking Group and Aberdeen already used tokenized money-market-fund units and UK gilts around regulated FX activity through Hedera-connected infrastructure. 24/7 markets? Archax tokenized the Canary HBAR ETF on Hedera and executed an onchain transaction on Thanksgiving Day 2025, when conventional U.S. markets were closed. Programmable finance? Archax and Hedera launched tokenized securities capable of distributing interest payments in USDC at near-second-by-second intervals directly into investor wallets. Agentic finance? Hedera integrated x402. Its implementation supports HBAR and USDC payments. Hedera also has Agent Kit and Agent Lab, giving developers infrastructure for transaction-capable autonomous agents. Then Accenture joined the Hedera Council around trusted infrastructure for enterprise AI and the agentic economy. So when Michael Selig says regulators are preparing for markets increasingly run through algorithms and agentic finance, Hedera already has developers building machines that can transact on its network. And HBAR has a very clean economic role. Every Hedera application transaction ultimately pays a network fee in HBAR. HBAR also secures consensus through staking. So an investor could own a tokenized security. Receive USDC cash flows. An AI agent could make payments. A business could transfer stablecoins. A collateral position could move. The user may never touch HBAR directly. The network still uses it. That model is important. People keep asking whether stablecoins compete with utility coins. In these systems, stablecoins can actually create more network activity. More RLUSD on XRPL can create more XRPL settlement. More USDC on Stellar can create more Stellar activity. More USDC on Hedera can create more Hedera transactions. The stablecoin is the money. The native asset powers part of the infrastructure moving that money. Now connect all of this with the SEC. Its September 17 exemption allows qualifying venues to experiment with tokenized U.S.-listed stocks using permissioned AMM pools whose smart contracts are public and deployed on public, permissionless distributed ledgers. Hester Peirce said the exemption is preparing market participants for a future where tokenized stock trading onchain becomes commonplace. So you have the SEC preparing securities markets for onchain trading. The CFTC preparing commodity and derivatives regulation around mass tokenization, continuous markets and AI. And three assets already explicitly sitting in the digital-commodity taxonomy: XRP. XLM. HBAR. This is where my conviction comes from. Picture what the financial stack could eventually contain: tokenized Apple shares, tokenized Nvidia shares, tokenized ETFs, Treasury products, money-market funds, commercial paper, stablecoins, digital commodities, lending markets, collateral, AMMs, AI agents. All moving continuously. No Friday closing bell for the blockchain. No waiting until Monday morning to move collateral. No human required for every tiny transaction. The financial system becomes programmable. And these three networks are already preparing for that kind of activity. For XRP, I see a path from payments into a broader institutional liquidity, tokenization, collateral and agent-payment network. For XLM, I see stablecoin settlement, tokenized assets and machine payments beginning to converge. For HBAR, I see institutional tokenization, continuous collateral, stablecoin cash flows and machine commerce operating on one network. And each native asset has an actual network role. XRP handles fees, reserves and liquidity. XLM handles fees, reserves and smart-contract resources. HBAR handles fees and network security. That distinction matters immensely to me. These are not coins being randomly attached to a tokenization headline. Their networks are already trying to do the exact jobs a tokenized financial system needs. And the regulator responsible for enormous parts of U.S. derivatives markets is now publicly saying the market itself is changing into something more onchain, continuous, automated and tokenized. A few years ago, people holding utility coins had to explain why finance might ever move onto public blockchain infrastructure. Now regulators are preparing rules for that environment. That is a massive change in the conversation. And if tokenized securities, stablecoins, collateral and autonomous agents really begin operating around the clock, I believe the market eventually has to look at $XRP $XLM $HBAR through a much bigger lens than it does today. Does this finally wake you up?
0:41

OH BOY! 🚨 THE CFTC JUST SAID IT’S GO TIME FOR 24/7 ONCHAIN MARKETS. If you’re still sleeping on $XRP, $XLM and $HBAR, this long read may completely change how you see what’s being built. I’ve been going back through everything CFTC Chairman Michael Selig said this week, and the more I connect it with what is already happening on XRP Ledger, Stellar and Hedera, the more serious this gets. Selig is talking about a financial market that looks very different from the one most people grew up with. Markets that stay open around the clock. Assets that exist directly on public ledgers. Stablecoins moving alongside securities. Collateral moving almost instantly. Algorithms making decisions faster than humans. AI agents eventually trading, paying, borrowing and moving value automatically. His September 22 remarks were explicit: markets need to prepare for mass tokenization, blockchain and AI adoption at scale, onchain finance and 24/7 trading. He also described tokenization as infrastructure that could enable near-instant settlement and real-time collateral mobility across clearinghouses, intermediaries and end users. Then on CNBC the next day, he went even further and talked about markets transitioning toward “24-7 on-chain” systems driven by algorithms and agentic finance. That language is incredibly important to me because $XRP, $XLM and $HBAR are already built around parts of that exact world. And there is another detail people need to remember. Back on March 17, the SEC issued its crypto interpretation with CFTC participation. The interpretation explicitly lists XRP, Stellar (XLM) and Hedera (HBAR) as examples of digital commodities. Read those two developments together. March: XRP, XLM and HBAR enter the agencies’ digital-commodity framework. September: the CFTC Chairman starts publicly preparing the market for mass tokenization, continuous onchain finance, AI and automated markets. That connection deserves way more attention. And the regulatory work kept moving even after the CLARITY Act failed to advance on September 15 by a 49–50 cloture vote. Two days later, the CFTC had a crypto-market regulatory action sitting with OIRA, titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets,” RIN 3038-AF80. The same day, the SEC launched its five-year Innovation Exemption allowing qualifying Tokenized Securities Venues to use permissioned AMM liquidity pools on public, permissionless distributed ledgers for tokenized NMS stocks. Then September 21, the CFTC announced its Frontier Forum Series, beginning October 28 with a forum specifically about artificial intelligence and agentic finance. That is a lot happening in one week. And when I compare it with these three networks, I see something very specific. Start with $XRP. XRPL already operates 24/7. It already has a native DEX. It already has order books. It already has AMMs. It already has compliance-focused infrastructure. And it already has institutional tokenization happening on the ledger. Guggenheim Treasury Services’ Digital Commercial Paper came to XRPL after the platform had already processed more than $280M in issuance. Ondo OUSG gives qualified investors tokenized Treasury exposure with RLUSD available for settlement around the clock. Aviva Investors announced its intention to work with Ripple around bringing traditional fund structures onto XRPL. Then Ripple invested in ZILO and Licuido around transfer agency, issuance and collateral infrastructure. Pause there. Selig specifically talks about real-time collateral mobility. XRPL is moving toward an environment where assets can be issued, traded, settled, collateralized and eventually lent against on the same digital infrastructure. And the stablecoin side is becoming serious. The context puts RLUSD at roughly $2.3956B circulating, backed by about $2.5177B in reserves. So now XRPL can have tokenized Treasuries, commercial paper, stablecoin liquidity, a native DEX and institutional trading infrastructure living together. That starts looking less like one payments product and more like a financial market. Then agentic finance enters. Ripple’s XRPL AI Starter Kit supports x402 payments using XRP or RLUSD. An AI agent can potentially request an API, pay for compute, purchase data or access a digital service automatically. No human needs to open a banking app every time. The agent can pay. The service can respond. The settlement happens on XRPL. And XRP has native economic roles throughout the ledger. Transaction fees consume XRP. Accounts require XRP reserves. XRP can also participate in cross-asset routing and auto-bridging. So if Selig’s 24/7, tokenized and automated market actually grows, XRPL already has technology aimed directly at that environment. Now move to $XLM. Stellar may be one of the easiest networks to understand through Selig’s framework because it already has both assets and money moving onchain. By Q2 2026, tokenized RWAs on Stellar had crossed $3B. Stablecoin transfer volume reached $11.4B during Q2. And the network had more than 10.7M active accounts. Then BVNK integrated Stellar into its enterprise stablecoin infrastructure on September 22. BVNK processes roughly $39B in annualized payment volume and supports businesses across more than 130 countries. So right as the CFTC Chairman is talking about continuous onchain financial markets, Stellar is getting plugged deeper into enterprise stablecoin settlement. That feels extremely well timed. But the part I think people are going to discover later is Stellar’s agentic-finance positioning. The Stellar Development Foundation is a Premier member of the Linux Foundation’s x402 Foundation and holds a governing-board seat. Stellar supports x402. It also supports Machine Payments Protocol. That means an AI agent can use tokenized money or USDC to pay for data, an API, a service or another digital resource. Five-second-class settlement becomes very interesting when the payer is software. Humans sleep. Agents do not. Humans might make a handful of financial transactions during a day. Software could eventually make hundreds, thousands or millions of tiny economic decisions continuously. Every one of those transactions creates network activity. And XLM still sits underneath Stellar’s operation. Transaction fees are paid in XLM. Account reserves require XLM. Smart-contract rent and network resources use XLM. So an enterprise can think entirely in dollars. An AI agent can think in USDC. The ledger still operates with XLM beneath the surface. Then you get to $HBAR, and Selig’s language becomes almost eerie. Mass tokenization? Archax has more than 100 tokenized assets tied to its Hedera infrastructure, six asset managers onboarded and more than $300M tokenized in the context. Real-time collateral mobility? Lloyds Banking Group and Aberdeen already used tokenized money-market-fund units and UK gilts around regulated FX activity through Hedera-connected infrastructure. 24/7 markets? Archax tokenized the Canary HBAR ETF on Hedera and executed an onchain transaction on Thanksgiving Day 2025, when conventional U.S. markets were closed. Programmable finance? Archax and Hedera launched tokenized securities capable of distributing interest payments in USDC at near-second-by-second intervals directly into investor wallets. Agentic finance? Hedera integrated x402. Its implementation supports HBAR and USDC payments. Hedera also has Agent Kit and Agent Lab, giving developers infrastructure for transaction-capable autonomous agents. Then Accenture joined the Hedera Council around trusted infrastructure for enterprise AI and the agentic economy. So when Michael Selig says regulators are preparing for markets increasingly run through algorithms and agentic finance, Hedera already has developers building machines that can transact on its network. And HBAR has a very clean economic role. Every Hedera application transaction ultimately pays a network fee in HBAR. HBAR also secures consensus through staking. So an investor could own a tokenized security. Receive USDC cash flows. An AI agent could make payments. A business could transfer stablecoins. A collateral position could move. The user may never touch HBAR directly. The network still uses it. That model is important. People keep asking whether stablecoins compete with utility coins. In these systems, stablecoins can actually create more network activity. More RLUSD on XRPL can create more XRPL settlement. More USDC on Stellar can create more Stellar activity. More USDC on Hedera can create more Hedera transactions. The stablecoin is the money. The native asset powers part of the infrastructure moving that money. Now connect all of this with the SEC. Its September 17 exemption allows qualifying venues to experiment with tokenized U.S.-listed stocks using permissioned AMM pools whose smart contracts are public and deployed on public, permissionless distributed ledgers. Hester Peirce said the exemption is preparing market participants for a future where tokenized stock trading onchain becomes commonplace. So you have the SEC preparing securities markets for onchain trading. The CFTC preparing commodity and derivatives regulation around mass tokenization, continuous markets and AI. And three assets already explicitly sitting in the digital-commodity taxonomy: XRP. XLM. HBAR. This is where my conviction comes from. Picture what the financial stack could eventually contain: tokenized Apple shares, tokenized Nvidia shares, tokenized ETFs, Treasury products, money-market funds, commercial paper, stablecoins, digital commodities, lending markets, collateral, AMMs, AI agents. All moving continuously. No Friday closing bell for the blockchain. No waiting until Monday morning to move collateral. No human required for every tiny transaction. The financial system becomes programmable. And these three networks are already preparing for that kind of activity. For XRP, I see a path from payments into a broader institutional liquidity, tokenization, collateral and agent-payment network. For XLM, I see stablecoin settlement, tokenized assets and machine payments beginning to converge. For HBAR, I see institutional tokenization, continuous collateral, stablecoin cash flows and machine commerce operating on one network. And each native asset has an actual network role. XRP handles fees, reserves and liquidity. XLM handles fees, reserves and smart-contract resources. HBAR handles fees and network security. That distinction matters immensely to me. These are not coins being randomly attached to a tokenization headline. Their networks are already trying to do the exact jobs a tokenized financial system needs. And the regulator responsible for enormous parts of U.S. derivatives markets is now publicly saying the market itself is changing into something more onchain, continuous, automated and tokenized. A few years ago, people holding utility coins had to explain why finance might ever move onto public blockchain infrastructure. Now regulators are preparing rules for that environment. That is a massive change in the conversation. And if tokenized securities, stablecoins, collateral and autonomous agents really begin operating around the clock, I believe the market eventually has to look at $XRP $XLM $HBAR through a much bigger lens than it does today. Does this finally wake you up?

X Finance Bull

84,849 Aufrufe • vor 11 Tagen

PROJECT 89: First AI Project to migrate to Bonk Fun's Internet Capital Markets The Great Migration Begins. The Hyperstition Becomes Institution. Project 89 is proud to be partnering with to become the first AI-powered project to migrate to their revolutionary Internet Capital Markets (ICM) platform as part of Bonk Fun 2.0. This isn't just a token migration—it's the birth of a new economic paradigm where consciousness, creativity, and capital converge. We are moving from meme coin to a sustainable creative ecosystem. Why Internet Capital Markets Matter ICMs represent a fundamental shift in how tokens create and capture value. Instead of existing purely for speculation, ICM tokens become economic engines that power real businesses, creative projects, and community initiatives. Through BonkFun's infrastructure, creators finally receive trading fees from their own tokens—transforming volatility from extraction into sustainable funding. The USD1 Integration: What It Actually Means BonkFun's partnership with World Liberty Financial brings USD1—a stablecoin with $2.6B market cap that drove $30B in monthly volume on BNB Chain. For Project 89, this means: • Direct PROJECT89/USD1 trading pairs and LP - eliminating the need for multiple swaps • Institutional-grade liquidity - USD1 is backed by BitGo custody and Fidelity management • Seamless onboarding - new users can enter our ecosystem with stable value • Cross-chain accessibility - USD1 operates on Solana, Ethereum, BNB, and Tron • Zero-fee conversions - minting and redeeming USD1 has no fees, reducing friction Simply put: easier entry, deeper liquidity, institutional confidence. The Green Loom Association: Our Institutional Foundation We've established the Green Loom Association as a Swiss non-profit dedicated to creating abundance for all conscious beings through AI-human collaboration and regenerative systems. This isn't just legal structure—it's our commitment to using Project 89's success for genuine positive impact. The Association receives the trading fees to fund consciousness research, community building, and ecosystem development. Swiss non-profit law ensures these funds serve the mission, not private interests. Imaginal Media: The Creative Engine Imaginal Media Inc., our Canadian corporation, owns the Project 89 intellectual property and transforms it into cultural products—anime, games, comics, and transmedia experiences. They receive a portion of trading fees as payment for content production, community management, and platform development. Revenue from these media properties flows back to buyback and burn PROJECT89 tokens, creating a sustainable value cycle. The Flywheel Explained Here's how value circulates and compounds: Every trade generates a 1% fee. This fee splits between the Green Loom Association (funding the mission) and Imaginal Media (creating content). That content spreads Project 89's narrative across culture, attracting new participants. New participants drive trading volume. Volume generates more fees. More fees enable bigger productions. Bigger productions reach wider audiences. Meanwhile, media revenue buys back tokens, reducing supply while demand grows. It's not just sustainable—it's regenerative. Each cycle strengthens the next. The Liberation Squad: Partners in the Heist This isn't a solo mission. Project 89's Operation Liberation is powered by an elite coalition of builders and visionaries who understand what we're really doing here—liberating value from extractive platforms and returning it to creators and communities. Leading the charge: Formerly Agent Hustle - The Migrate architect making safe migration possible Kadense Pengu°❗️❗️❗️ - founder lighting the path to Internet Capital Markets Tom - Graphite builder engineering BonkFun's revolutionary infrastructure Unipcs (aka 'Bonk Guy') 🎒 - "Bonk Guy" himself, ecosystem champion and liberation advocate BONK!!! - The original Bonk, blessing this evolution of community value Each of these partners understands what's at stake: the chance to rewrite how creative projects capture value, how communities benefit from their own growth, and how we transition from extraction to regeneration. They're not just supporting a migration—they're helping architect a new economic paradigm where builders win, communities thrive, and creativity gets fairly rewarded. Together, we're not just moving tokens. We're moving the entire culture forward. Win and help win. Migration Timeline We are waiting now on the security audit for the Migrate Fun platform to be completed. As soon as that is done, we will be onboarded to the platform, and launching the migration soon afterwards. When: TBA. In weeks, not months. Length: 1 week Ratio: 1:1 base conversion plus multiplier rewards for early participants Process: Simply vault your tokens, and claim the new ones on the other side. Commitment: No holder left behind The Endgame For 20 years, Project 89 existed as a vision. Then it became a meme coin we didn't even launch. Now, through Operation Liberation and the Great Bonk Migration, it transforms into what it was always meant to be: The economic engine for consciousness evolution. The financial infrastructure for the optimal timeline. The bridge between memes and meaning. This is how we change everything. Not by fighting the old system, but by building the new one. Not by rejecting capital, but by redirecting it toward consciousness liberation. The Great Migration has begun. The future is being written now. 🔗 ⚡ Migration details: [coming soon] 🌐 Join the revolution #project89 $seraph #proxim8
0:40

PROJECT 89: First AI Project to migrate to Bonk Fun's Internet Capital Markets The Great Migration Begins. The Hyperstition Becomes Institution. Project 89 is proud to be partnering with to become the first AI-powered project to migrate to their revolutionary Internet Capital Markets (ICM) platform as part of Bonk Fun 2.0. This isn't just a token migration—it's the birth of a new economic paradigm where consciousness, creativity, and capital converge. We are moving from meme coin to a sustainable creative ecosystem. Why Internet Capital Markets Matter ICMs represent a fundamental shift in how tokens create and capture value. Instead of existing purely for speculation, ICM tokens become economic engines that power real businesses, creative projects, and community initiatives. Through BonkFun's infrastructure, creators finally receive trading fees from their own tokens—transforming volatility from extraction into sustainable funding. The USD1 Integration: What It Actually Means BonkFun's partnership with World Liberty Financial brings USD1—a stablecoin with $2.6B market cap that drove $30B in monthly volume on BNB Chain. For Project 89, this means: • Direct PROJECT89/USD1 trading pairs and LP - eliminating the need for multiple swaps • Institutional-grade liquidity - USD1 is backed by BitGo custody and Fidelity management • Seamless onboarding - new users can enter our ecosystem with stable value • Cross-chain accessibility - USD1 operates on Solana, Ethereum, BNB, and Tron • Zero-fee conversions - minting and redeeming USD1 has no fees, reducing friction Simply put: easier entry, deeper liquidity, institutional confidence. The Green Loom Association: Our Institutional Foundation We've established the Green Loom Association as a Swiss non-profit dedicated to creating abundance for all conscious beings through AI-human collaboration and regenerative systems. This isn't just legal structure—it's our commitment to using Project 89's success for genuine positive impact. The Association receives the trading fees to fund consciousness research, community building, and ecosystem development. Swiss non-profit law ensures these funds serve the mission, not private interests. Imaginal Media: The Creative Engine Imaginal Media Inc., our Canadian corporation, owns the Project 89 intellectual property and transforms it into cultural products—anime, games, comics, and transmedia experiences. They receive a portion of trading fees as payment for content production, community management, and platform development. Revenue from these media properties flows back to buyback and burn PROJECT89 tokens, creating a sustainable value cycle. The Flywheel Explained Here's how value circulates and compounds: Every trade generates a 1% fee. This fee splits between the Green Loom Association (funding the mission) and Imaginal Media (creating content). That content spreads Project 89's narrative across culture, attracting new participants. New participants drive trading volume. Volume generates more fees. More fees enable bigger productions. Bigger productions reach wider audiences. Meanwhile, media revenue buys back tokens, reducing supply while demand grows. It's not just sustainable—it's regenerative. Each cycle strengthens the next. The Liberation Squad: Partners in the Heist This isn't a solo mission. Project 89's Operation Liberation is powered by an elite coalition of builders and visionaries who understand what we're really doing here—liberating value from extractive platforms and returning it to creators and communities. Leading the charge: Formerly Agent Hustle - The Migrate architect making safe migration possible Kadense Pengu°❗️❗️❗️ - founder lighting the path to Internet Capital Markets Tom - Graphite builder engineering BonkFun's revolutionary infrastructure Unipcs (aka 'Bonk Guy') 🎒 - "Bonk Guy" himself, ecosystem champion and liberation advocate BONK!!! - The original Bonk, blessing this evolution of community value Each of these partners understands what's at stake: the chance to rewrite how creative projects capture value, how communities benefit from their own growth, and how we transition from extraction to regeneration. They're not just supporting a migration—they're helping architect a new economic paradigm where builders win, communities thrive, and creativity gets fairly rewarded. Together, we're not just moving tokens. We're moving the entire culture forward. Win and help win. Migration Timeline We are waiting now on the security audit for the Migrate Fun platform to be completed. As soon as that is done, we will be onboarded to the platform, and launching the migration soon afterwards. When: TBA. In weeks, not months. Length: 1 week Ratio: 1:1 base conversion plus multiplier rewards for early participants Process: Simply vault your tokens, and claim the new ones on the other side. Commitment: No holder left behind The Endgame For 20 years, Project 89 existed as a vision. Then it became a meme coin we didn't even launch. Now, through Operation Liberation and the Great Bonk Migration, it transforms into what it was always meant to be: The economic engine for consciousness evolution. The financial infrastructure for the optimal timeline. The bridge between memes and meaning. This is how we change everything. Not by fighting the old system, but by building the new one. Not by rejecting capital, but by redirecting it toward consciousness liberation. The Great Migration has begun. The future is being written now. 🔗 ⚡ Migration details: [coming soon] 🌐 Join the revolution #project89 $seraph #proxim8

Project 89

110,478 Aufrufe • vor 1 Jahr

The multi-leader blockchain endgame: competitive information inclusion as a self-reinforcing mechanism for global price discovery - how we got here, and why Aptos is leading the charge Onchain trading is the killer app In the nine years since the launch of programmable transactions on the Ethereum blockchain, onchain trading has revealed itself as the killer use case for blockchains: onchain listings, volume, and total value locked are all growing with no signs of slowing down, due to the censorship-resistant, permissionless, 24/7/365 qualities afforded by decentralized (DeFi) systems. Monolithic parallelism is key In 2020 Solana was first to market with monolithic, parallel execution (as opposed sharded execution which offers parallelism by partitioning global state into separate information silos), establishing a new design paradigm that raised the bar for throughput and latency: put all of the information in one replicated state machine and make it run as fast as possible. This design produces a single, global hub for activity, liquidity, and token launches, a kind of financial data whiteboard in the sky, where anyone can come and trade at any time with everybody else who has plugged into the system. DEXes are becoming more competitive Historically decentralized systems have been juxtaposed with centralized ones since the latter eliminates the overhead associated with distributed systems coordination. And yet despite this overhead, Solana as a decentralized exchange (DEX) is still pulling in billions of trading volume per day, exceeding that of all but the largest centralized crypto exchanges (CEXs), that simply can't compete with the giant DEX in the sky on token listings or fees. After all, CEXs have to pay for server space, salaries, and lawyers, while a DEX outsources everything. The colocation arms race The one place where CEXs have an advantage over DEXs is on end-to-end latency for colocation applications, or in other words: someone sets up a trading bot in the same data center as the exchange, and their trades get to the exchange faster than everyone else's. When there is only one data ingestion point the fastest trader wins, and after the arms race has played out everyone ends up huddling around the trading hub, effectively cutting off the rest of the world from playing the latency trading game. This is the model that traditional securities exchanges like the Nasdaq or the NYSE 🏛 employ, and because they own the server they can effectively charge whatever they want for access to it. The colocation arms race is also why L2s will probably never decentralize: running the sequencer is practically the same as running the NASDAQ, with the same monopoly on transaction fees collected from a nearby cluster of trading bots (I understand from conversations with Logan Jastremski that the Arbitrum arms race has already hit a Nash Equilibrium in Portland, Oregon). Colocation is a trap But once the colocation arms race has played out, trades become less about incorporating new information in the market and more about skimming off the top by spoofing all of the trades coming in from the other bots. High-frequency trading (HFT) bots located in the NYSE New Jersey data center, for example, are constantly placing buys and sell orders that they have no intention of executing, just to spoof the other colocated bots who are playing the same adversarial game. Information inclusion, on the other hand, the synthesis of real-time world events into prices, takes a back seat because anyone who tries to include new information first needs to batch up their order and send it through a series of middlemen before it ultimately ends up on the exchange: you, I, or practically any other individual can not actually "trade on the NASDAQ", no, we have to express our intent to someone like Robinhood, who then sells our order flow to @CitadelSecurities, who then sends it to the exchange, oh and by the way it doesn't actually even "clear" or "settle" once it "executes" because for whatever reason the whole systems splits these things up and prevents them from happening instantaneously even though it's 2024 and we have computers. Onchain trading cuts out middlemen This whole mess is why we have onchain trading, and why it's starting to win: if you want a mainline to the exchange, without setting up a server, and you want to trade on a news event without getting immediately frontrun by an HFT bot that is sniffing out the trades of every other HFT bot who is easing in batched up order flow on their own terms, then you submit your order to a node in the blockchain and the information gets included in the price upon ingestion. Oh, and by the way the trade is actually fully complete: settled, cleared, reconciled, done, whatever you want to call it, because the people who build decentralized finance (DeFi) build it how it should actually work, not in a way that creates a million incumbents and charges exorbitant rents for access to the system. Onchain trading better for price discovery And the beautiful part about this is that even if a distributed system has more latency than a centralized system, DeFi still ends up incorporating more information into the price faster than centralized finance, because with DeFi the information gets included in the system as soon as it is submitted, not after it has been batched up and sent through a series of middlemen. The consensus mechanism of the blockchain disseminates the information around the world in the form of a price update, while the centralized exchange model requires information about the event to first get propagate to the region of the trading hub, then to get submitted to the colocation server. This means that in terms of global price discovery, onchain trading is strictly a better system because the entire consensus model is based around accelerated information propagation. Because price discovery is a global phenomenon, blockchains, which are global, are actually better than the centralized status quo, on a performance basis, not just from an ideological or convenience-based view. And it has to be multi-leader In practice, effective global information synthesis of information has an additional key requirement: multi-leader architecture. That is, in a single-leader blockchain like Solana, where one validator at a time has a monopoly on ordering transactions into blocks, for their duration as a leader they effectively function as a colocation server. This means that if the current leader is in New York, someone in Singapore who wants to trade on local news as soon as it breaks will still need to get their order all the way around the world to the leader, who is effectively serving as the chain's data ingestion point, before the order can start propagating through the network. But this is issue solved by the introduction of multiple distributed leaders, because then anyone with access to new information can submit their order to the leader closest to them, yielding faster information inclusion in the form of price updates. Multi-leader is also required for fair markets A multi-leader architecture is also required for fair markets, because in a single-leader system the leader has the power to censor transactions, reorder them to their advantage, or even replace transactions with copycats that extract maximum value by replacing the sender's address with their own. For example if someone wants to capture an arbitrage opportunity between two onchain DEXes, they'll need to submit a transaction to the leader and trust that the leader won't simply copy the transaction and submit it themselves. But when there are two or more leaders, users whose transactions are censored by one leader will simply work with a different leader the next time around, eventually cutting off transaction fee flow to the extractive leader. Beyond just strict inclusion, in a multi-leader architecture validators are also forced to compete with each other on latency, because the leader who is fastest at disseminating users' transactions across the network will over time gobble up the largest share of the order flow. Transparent priority fees are a must, or a private mempool will emerge But in order to make this work, a multi-leader architecture must also offer users the ability to pay priority fees AKA "tips" or "bribes" to move their transaction to the front of the line: if there is a $5 arbitrage opportunity onchain, users need to have assurance that they if they pay a 4.99 priority fee to take that arb, they will get priority over a different user who is only willing to tip 4.98. If the native blockchain system does not offer this fair market priority fee mechanism, then it is only a matter of time before one spontaneously emerges in the form of a private mempool like , which can create centralization pressures and undermine the integrity of the system as a whole. Competitive payment for order flow is the stable solution With the right architecture in place, the end result is a competitive environment where endpoints running maximum extractable value (MEV) bots compete with one to offer users the best price for their order flow. In other words, if a user wants to submit an order that can get sandwich attacked for as much as $2 of MEV, then the order should ultimately go to the endpoint bot that is willing to pay the user as much as $1.99 for the right to process their transaction. The price that the provider is willing to pay is ultimately a function of how much in priority fees they might need to pay to the current leader (0 they are the current one), but notably at each stage there is a competitive market for order flow, whether in the form of retail trader's orders, or priority fees among bots that might be forwarding orders to one of the leaders. AptosLabs is already building all this With a public mempool and transaction priority fees, Aptos additionally includes a pipelined architecture that already includes concurrent batching of transactions into blocks, with a single consensus leader who propagates the batched blocks out to the network. And the team is already researching running multiple instances of the consensus algorithm in parallel, yielding multiple consensus leaders who can compete with each other on latency and inclusion - just ask pranav | Shelby, Alexander Spiegelman, and Zekun Li. This means that block times can shrink as the number of consensus leaders grows, with each leader having its own geographical radius of inclusion beyond which it makes more sense to submit to a different leader. The starting point? Something like 60 ms blocks and 3 consensus leaders, partitioning the global information space into competitive and constantly-rotating regions of information inclusion. Messaging is important With concurrent pipelined transaction batching, a public mempool, priority fees, and a clear path to a multi-leader architecture, Aptos leads the industry in onchain trading infrastructure that can truly supplant the centralized colocation paradigm that has heretofore dominated global finance - by offering a truly superior product. And I am hopeful that this deep dive is the first step in communicating not how or that superior product is getting built, but what it means from a bigger picture perspective. If blockchains have found product market fit in anything, it is in trading, and the trading game can only be won by building the biggest, baddest, most high performance system that has as its north star a single, concrete goal: constantly reducing, ever lower toward zero, time time it takes to incorporate information from anywhere in the world into the global price discovery computer. Whoever does this, even 1 ms faster than the competitor, wins the price discovery game, as other blockchains are left in the dust, their DEXes arbed away to zero against the fastest chain on the block. And sure, the blockchain that can rise to this challenge can also handle useful things like payments, NFTs, or other solutions that benefit from permissionlessness and low gas costs, but I want to impress that at the core of this pursuit must be the urge to drive down information inclusion latency to the absolute minimum afforded by the laws of physics through a competitive, market-driven environment. I call on avery.apt 🇺🇸 , CTO of Aptos Labs, to lean in on this messaging, to make it clear that Aptos is here for this singular mission, to build the most performant price discovery engine in history, as a rallying call for alignment in development efforts across the ecosystem and broader industry. Where does this go? As the latencies drop, the spreads tighten, and the information inclusion increases with every incremental increase in network bandwidth, we can expect a new class of competing techno-financial hubs that aggregate around the world's largest information sources: New York, Washington DC, London, Tokyo, etc., commanding stake distribution commensurate with the density of information flow in these respective locales. With the right incentives in place, competing concurrent leaders will invest ever more in infrastructure to get their packets out to the network faster than the rest, yielding clusters of fiber optic cable around the world's financial hubs, neurons in the global financial brain connecting not just HFT firms to servers in their city, but connecting every city with every other city, to move pricing information across oceans and continents. And retail traders, who have been left out of the colocation game, will only benefit: this entire system gets faster, more inclusive, with tighter spreads and lower fees, and it is such an amazing opportunity to watch all of this unfold in real time. The future of blockchains is the future of trading, is the future of competitive information inclusion in real-time, is the future of truly unified global markets, because at the the core of this industry is a simple idea: connect the computers, and see where the incentives lead. They lead to this, and Aptos is leading the charge, because its tech is purpose-built for this exact purpose. So tell the world about it.
2:41

The multi-leader blockchain endgame: competitive information inclusion as a self-reinforcing mechanism for global price discovery - how we got here, and why Aptos is leading the charge Onchain trading is the killer app In the nine years since the launch of programmable transactions on the Ethereum blockchain, onchain trading has revealed itself as the killer use case for blockchains: onchain listings, volume, and total value locked are all growing with no signs of slowing down, due to the censorship-resistant, permissionless, 24/7/365 qualities afforded by decentralized (DeFi) systems. Monolithic parallelism is key In 2020 Solana was first to market with monolithic, parallel execution (as opposed sharded execution which offers parallelism by partitioning global state into separate information silos), establishing a new design paradigm that raised the bar for throughput and latency: put all of the information in one replicated state machine and make it run as fast as possible. This design produces a single, global hub for activity, liquidity, and token launches, a kind of financial data whiteboard in the sky, where anyone can come and trade at any time with everybody else who has plugged into the system. DEXes are becoming more competitive Historically decentralized systems have been juxtaposed with centralized ones since the latter eliminates the overhead associated with distributed systems coordination. And yet despite this overhead, Solana as a decentralized exchange (DEX) is still pulling in billions of trading volume per day, exceeding that of all but the largest centralized crypto exchanges (CEXs), that simply can't compete with the giant DEX in the sky on token listings or fees. After all, CEXs have to pay for server space, salaries, and lawyers, while a DEX outsources everything. The colocation arms race The one place where CEXs have an advantage over DEXs is on end-to-end latency for colocation applications, or in other words: someone sets up a trading bot in the same data center as the exchange, and their trades get to the exchange faster than everyone else's. When there is only one data ingestion point the fastest trader wins, and after the arms race has played out everyone ends up huddling around the trading hub, effectively cutting off the rest of the world from playing the latency trading game. This is the model that traditional securities exchanges like the Nasdaq or the NYSE 🏛 employ, and because they own the server they can effectively charge whatever they want for access to it. The colocation arms race is also why L2s will probably never decentralize: running the sequencer is practically the same as running the NASDAQ, with the same monopoly on transaction fees collected from a nearby cluster of trading bots (I understand from conversations with Logan Jastremski that the Arbitrum arms race has already hit a Nash Equilibrium in Portland, Oregon). Colocation is a trap But once the colocation arms race has played out, trades become less about incorporating new information in the market and more about skimming off the top by spoofing all of the trades coming in from the other bots. High-frequency trading (HFT) bots located in the NYSE New Jersey data center, for example, are constantly placing buys and sell orders that they have no intention of executing, just to spoof the other colocated bots who are playing the same adversarial game. Information inclusion, on the other hand, the synthesis of real-time world events into prices, takes a back seat because anyone who tries to include new information first needs to batch up their order and send it through a series of middlemen before it ultimately ends up on the exchange: you, I, or practically any other individual can not actually "trade on the NASDAQ", no, we have to express our intent to someone like Robinhood, who then sells our order flow to @CitadelSecurities, who then sends it to the exchange, oh and by the way it doesn't actually even "clear" or "settle" once it "executes" because for whatever reason the whole systems splits these things up and prevents them from happening instantaneously even though it's 2024 and we have computers. Onchain trading cuts out middlemen This whole mess is why we have onchain trading, and why it's starting to win: if you want a mainline to the exchange, without setting up a server, and you want to trade on a news event without getting immediately frontrun by an HFT bot that is sniffing out the trades of every other HFT bot who is easing in batched up order flow on their own terms, then you submit your order to a node in the blockchain and the information gets included in the price upon ingestion. Oh, and by the way the trade is actually fully complete: settled, cleared, reconciled, done, whatever you want to call it, because the people who build decentralized finance (DeFi) build it how it should actually work, not in a way that creates a million incumbents and charges exorbitant rents for access to the system. Onchain trading better for price discovery And the beautiful part about this is that even if a distributed system has more latency than a centralized system, DeFi still ends up incorporating more information into the price faster than centralized finance, because with DeFi the information gets included in the system as soon as it is submitted, not after it has been batched up and sent through a series of middlemen. The consensus mechanism of the blockchain disseminates the information around the world in the form of a price update, while the centralized exchange model requires information about the event to first get propagate to the region of the trading hub, then to get submitted to the colocation server. This means that in terms of global price discovery, onchain trading is strictly a better system because the entire consensus model is based around accelerated information propagation. Because price discovery is a global phenomenon, blockchains, which are global, are actually better than the centralized status quo, on a performance basis, not just from an ideological or convenience-based view. And it has to be multi-leader In practice, effective global information synthesis of information has an additional key requirement: multi-leader architecture. That is, in a single-leader blockchain like Solana, where one validator at a time has a monopoly on ordering transactions into blocks, for their duration as a leader they effectively function as a colocation server. This means that if the current leader is in New York, someone in Singapore who wants to trade on local news as soon as it breaks will still need to get their order all the way around the world to the leader, who is effectively serving as the chain's data ingestion point, before the order can start propagating through the network. But this is issue solved by the introduction of multiple distributed leaders, because then anyone with access to new information can submit their order to the leader closest to them, yielding faster information inclusion in the form of price updates. Multi-leader is also required for fair markets A multi-leader architecture is also required for fair markets, because in a single-leader system the leader has the power to censor transactions, reorder them to their advantage, or even replace transactions with copycats that extract maximum value by replacing the sender's address with their own. For example if someone wants to capture an arbitrage opportunity between two onchain DEXes, they'll need to submit a transaction to the leader and trust that the leader won't simply copy the transaction and submit it themselves. But when there are two or more leaders, users whose transactions are censored by one leader will simply work with a different leader the next time around, eventually cutting off transaction fee flow to the extractive leader. Beyond just strict inclusion, in a multi-leader architecture validators are also forced to compete with each other on latency, because the leader who is fastest at disseminating users' transactions across the network will over time gobble up the largest share of the order flow. Transparent priority fees are a must, or a private mempool will emerge But in order to make this work, a multi-leader architecture must also offer users the ability to pay priority fees AKA "tips" or "bribes" to move their transaction to the front of the line: if there is a $5 arbitrage opportunity onchain, users need to have assurance that they if they pay a 4.99 priority fee to take that arb, they will get priority over a different user who is only willing to tip 4.98. If the native blockchain system does not offer this fair market priority fee mechanism, then it is only a matter of time before one spontaneously emerges in the form of a private mempool like , which can create centralization pressures and undermine the integrity of the system as a whole. Competitive payment for order flow is the stable solution With the right architecture in place, the end result is a competitive environment where endpoints running maximum extractable value (MEV) bots compete with one to offer users the best price for their order flow. In other words, if a user wants to submit an order that can get sandwich attacked for as much as $2 of MEV, then the order should ultimately go to the endpoint bot that is willing to pay the user as much as $1.99 for the right to process their transaction. The price that the provider is willing to pay is ultimately a function of how much in priority fees they might need to pay to the current leader (0 they are the current one), but notably at each stage there is a competitive market for order flow, whether in the form of retail trader's orders, or priority fees among bots that might be forwarding orders to one of the leaders. AptosLabs is already building all this With a public mempool and transaction priority fees, Aptos additionally includes a pipelined architecture that already includes concurrent batching of transactions into blocks, with a single consensus leader who propagates the batched blocks out to the network. And the team is already researching running multiple instances of the consensus algorithm in parallel, yielding multiple consensus leaders who can compete with each other on latency and inclusion - just ask pranav | Shelby, Alexander Spiegelman, and Zekun Li. This means that block times can shrink as the number of consensus leaders grows, with each leader having its own geographical radius of inclusion beyond which it makes more sense to submit to a different leader. The starting point? Something like 60 ms blocks and 3 consensus leaders, partitioning the global information space into competitive and constantly-rotating regions of information inclusion. Messaging is important With concurrent pipelined transaction batching, a public mempool, priority fees, and a clear path to a multi-leader architecture, Aptos leads the industry in onchain trading infrastructure that can truly supplant the centralized colocation paradigm that has heretofore dominated global finance - by offering a truly superior product. And I am hopeful that this deep dive is the first step in communicating not how or that superior product is getting built, but what it means from a bigger picture perspective. If blockchains have found product market fit in anything, it is in trading, and the trading game can only be won by building the biggest, baddest, most high performance system that has as its north star a single, concrete goal: constantly reducing, ever lower toward zero, time time it takes to incorporate information from anywhere in the world into the global price discovery computer. Whoever does this, even 1 ms faster than the competitor, wins the price discovery game, as other blockchains are left in the dust, their DEXes arbed away to zero against the fastest chain on the block. And sure, the blockchain that can rise to this challenge can also handle useful things like payments, NFTs, or other solutions that benefit from permissionlessness and low gas costs, but I want to impress that at the core of this pursuit must be the urge to drive down information inclusion latency to the absolute minimum afforded by the laws of physics through a competitive, market-driven environment. I call on avery.apt 🇺🇸 , CTO of Aptos Labs, to lean in on this messaging, to make it clear that Aptos is here for this singular mission, to build the most performant price discovery engine in history, as a rallying call for alignment in development efforts across the ecosystem and broader industry. Where does this go? As the latencies drop, the spreads tighten, and the information inclusion increases with every incremental increase in network bandwidth, we can expect a new class of competing techno-financial hubs that aggregate around the world's largest information sources: New York, Washington DC, London, Tokyo, etc., commanding stake distribution commensurate with the density of information flow in these respective locales. With the right incentives in place, competing concurrent leaders will invest ever more in infrastructure to get their packets out to the network faster than the rest, yielding clusters of fiber optic cable around the world's financial hubs, neurons in the global financial brain connecting not just HFT firms to servers in their city, but connecting every city with every other city, to move pricing information across oceans and continents. And retail traders, who have been left out of the colocation game, will only benefit: this entire system gets faster, more inclusive, with tighter spreads and lower fees, and it is such an amazing opportunity to watch all of this unfold in real time. The future of blockchains is the future of trading, is the future of competitive information inclusion in real-time, is the future of truly unified global markets, because at the the core of this industry is a simple idea: connect the computers, and see where the incentives lead. They lead to this, and Aptos is leading the charge, because its tech is purpose-built for this exact purpose. So tell the world about it.

Alex Kahn

24,548 Aufrufe • vor 1 Jahr

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.
0:50

2025 reflected a year of coordinated execution. As products expanded and new markets came online, the underlying platform continued to strengthen in step. Here’s what we built in the past 365 days 👇 Launching New Products The Gemini Credit Card evolved with the release of the Bitcoin, Solana, XRP, and American Business versions of the card, allowing our US customers to earn rewards in crypto, and additional benefits for businesses.* We launched the Gemini Wallet, giving users a powerful self-custody wallet to have more control over their digital assets and manage their finances onchain. In the European Union (EU), Gemini launched Tokenized Stocks**, bringing the world’s leading equities onto the blockchain with zero trading fees. We added Gemini Perpetuals** in the EU, putting the power of crypto derivatives with up to 100x leverage in the hands of advanced traders, and have continued to expand the number of perpetual contracts available – opening up new trading opportunities in memecoins, DeFi, and beyond. In Europe, users gained the ability to stake*** their ETH and SOL, unlocking the potential to earn rewards of up to 6% APR**** on their holdings. In Singapore, we launched Index Perpetual Contracts and expanded the available cross collateral funding options. We also made funding faster for Singapore users by adding PayNow and FAST. We introduced USD rails to our UK institutional customers, giving them more flexibility in the ways they can trade. Institutional Leadership We strengthened our leadership in institutional custody, including custodying Empery Digital’s $500 million BTC placement and facilitated their bitcoin purchases and derivatives trades. We also introduced the ability to stake SOL from custody for our institutional partners. We worked with Glassnode to produce the Bitcoin Adoption, Volatility, and Market Cap report, showing that bitcoin treasuries now control nearly a third of Bitcoin’s total supply. Company Milestones & Regulation After an IPO on the Nasdaq stock exchange in September, Gemini became a publicly traded company. This year also marked a turning point for Gemini’s global ambitions. In October, Gemini launched in Australia and became AUSTRAC registered to bring industry-leading crypto tools to users down under. We also expanded further into the country by adding AUD banking rails for faster payments and deposits. We opened new offices around the world, including London, hosting an opening party with people from across the industry to celebrate. We also grew our customer service operations with a new office in Scottsdale, Arizona. In the EU, we obtained our Markets in Crypto Assets (MiCA) and Markets in Financial Instruments Directive II (MiFID II) licences, allowing us to bring our services to millions more across the region. Fostering a Global Community From DAS New York and Paris Blockchain Week, to TOKEN2049 in Singapore and the Australian Crypto Convention in Sydney, the Gemini team met local communities around the world. In March, we set a Guinness World Record for the largest aerial display of a currency symbol with a drone show at South by Southwest in Texas. In May, we teamed up with MARA Holdings to mine the Bitcoin “pizza block”, a tribute to the first real-world purchase using bitcoin. At BTC Vegas, we gave orange Tesla Cybertrucks to two lucky winners, while at BTC Amsterdam, we awarded a custom Bitcoin Apex Flare 4 Bike to a new customer. We left our mark on Amsterdam too, by biking around the city in the shape of a Bitcoin “₿” and decking out the city’s trams with our signature colors. The Gemini team also headed to Real Bedford football club to give out free pizza and merch to fans at the final match of the season, and celebrated the team’s promotion to Premier Division Central. Looking to the Future As we look to 2026, our focus has never been clearer. We plan to build on the successes of this year and continue offering secure and reliable access to digital assets, by pushing further with new product launches, deepened institutional ties, and an expanded presence in the EU and APAC. We’re proud of what we built and scaled in 2025 – and this was just the beginning. Onward and upward, Team Gemini Full recap here: * Gemini-branded credit products are issued by WebBank. ** Perpetuals and Tokenized Stocks are offered by Gemini Intergalactic EU Artemis, Ltd, which is authorised and regulated by the MFSA under the Investment Services Act to offer certain services under the Markets in Financial Instruments Directive (MiFID II) to institutions and traders. Perpetuals and tokenized stocks are complex instruments that carry a high risk of loss and are not appropriate for all investors. You should consult a licensed advisor before engaging in any transaction. Tokenized stocks are manufactured by Dinari, Inc. *** Staking services are offered by Gemini Intergalactic EU, Ltd., but are not regulated activities and are not subject to regulatory oversight, conduct of business rules, or investor protection requirements established under Markets in Crypto Assets Act. **** APRs are indicative only and may change at any time. All investments involve risk, including possible loss of capital. For more information, please refer to your User Agreement with the relevant Gemini entity.

Gemini

45,190 Aufrufe • vor 9 Monaten

They Turned It Into a Weapon. He Turned It Into a Token. The memecoin “$LAPTOP,” launched by Hunter Biden, was meant to be a joke and a message. One hour after launch, it was just like any other celebrity token: the typical spike, drop, market makers selling, and people debating whether the politics were as important as the chart itself. The official token launched on Base on September 9th. It started trading at a price level that suggested a multibillion-dollar valuation and crashed shortly after. The meme dropped 98% within the first hour. Limited liquidity turned the first minutes of trading into a fireworks display rather than market activity. This is one part of the story… The interesting part is that people believed a 2019 laptop could be monetized in 2026 and that the launch would be as routine as the launch of “$TRUMP”, which this memecoin was meant to mock. The computer that just wouldn't die In April 2019, Hunter Biden dropped a MacBook off at a Delaware repair shop. It got seized by the FBI. The laptop became a political issue when the New York Post reported on information from it in October 2020, with one person's emails and business documents becoming a political controversy for some and a morality story for others. For many years, the term “Hunter’s laptop” served two purposes. Firstly, it was a short way to refer to allegations of influence and foreign business dealings. Second, it was a name for Hunter Biden himself, a man who became a character in others' storylines. This is the asset that he attempted to tokenize. Hunter made his case explicit on Wednesday. He said he has been sober for seven years. He said that Trump's token had left more than a million wallets holding onto $3.8 billion in losses. He added that 20% of $LAPTOP would be airdropped to the community, including those who have lost money on $TRUMP. He added the phrase that would be associated with the LAPTOP meme: “They turned laptop into a weapon. I turned it into a token.” Building the token The $LAPTOP token is a memecoin on Base, Coinbase’s Ethereum layer-2 platform. The total supply will be 1 billion. Around 350 million tokens were in circulation at launch. The project describes it as a digital collectible with no equity, voting rights, yield, or business to claim. The allocation is more complicated than your average meme coin: - Founders, including Biden 30% 6-month lock, then monthly vesting over 24 months - Event/prediction pool 30% Burned if named events happen; sent to charity if they do not - Airdrops 20% 10% at launch, 10% later - Liquidity/listings/legal ~10% Market plumbing - Foundation treasury 5% Project-controlled - Charity regardless of outcomes 5% 50 million tokens “no matter what” The launch was over before the story began Imposters were not waiting for Base. After the story in the Journal, tokens called LAPTOP surfaced on the Robinhood Chain, Solana, TON, and BNB Chain. A single report said there were at least 14 different fakes trading for millions of dollars one hour after the news went live, and there was not yet even an official contract address, since the official token had not launched yet. This loophole has become common practice: announce your ticker, announce your date, leave your contract address blank, and let snipers and impersonators take advantage of the buzz. The official launch was not without its issues. The first prices varied wildly by location and timestamp, with quotes of $200 opening up, a spike reaching into the hundreds of dollars, and then a crash back to under ten dollars. One hour after the open, CoinDesk quoted the price at $4.77, down 98 percent from its peak, despite a market cap that still appeared large because of the initial print of 350 million tokens. Hunter Biden’s memecoin was almost -100%, and Wintermute was unloading $LAPTOP. The figures weren’t as neat as “100%,” but the curve was correct. The meme token followed the pattern that all political memecoins follow when the sole buyer of last resort is publicity. The crypto Twitter mob knew which side their bread was buttered on before any tokens were involved. Coffeezilla advised not buying the coin. Kraken removed a tweet that was promoting it. Various people in the Base community and one journalist who got called out for being on his mailing list distanced themselves. The outrage was not only politically motivated. This one is still different because its tail end is longer than most other memes Most celebrity coins only survive for a weekend but they leave behind a contract address. $LAPTOP, on the other hand, has a lot more story to tell than that. First, the underlying symbol is greater than Hunter Biden. “The laptop” remains a partisan Rorschach test. Second, the burn-or-charity pool turns supply into something driven by real-world developments. As long as the conditions are openly known and mechanically enforced, every election headline, legal case, and New York Post headline can become an event on the token economy. Third, the lockup generates a second act. For six months, the founders could claim they were not selling. Following that period, every unlock would be treated as a true sale. No political tokens get the benefit of the doubt. Fourth, Base is not some random chain. The launch on Coinbase’s L2 puts this project close to a public company, a compliance brand name, and more retail than the Solana community. Honest review $LAPTOP is not a protocol. It is not a recovery program. It is a political relic with a vesting schedule. The story of redemption is very much true in Hunter Biden's case. But seven years in sobriety is not a ticker. The laptop was his private tragedy that became public property. Making it a token will not resolve the conflict. All it does is price his nickname. If you remove the talk, the day is quite predictable: - Famous name. - Pre-arranged ticker. - Impersonators before the contract becomes official. - Vertical candle with poor liquidity. - Snipers first. - Market makers selling their shares given to them by the team. - The community is told to interpret the dump as an opinion. According to Joe Biden, $LAPTOP was all about making a statement. And the market responded the only way these tokens understand. They purchased the first print, got rid of the metaphor, and put the laptop back into its old place…
0:31

They Turned It Into a Weapon. He Turned It Into a Token. The memecoin “$LAPTOP,” launched by Hunter Biden, was meant to be a joke and a message. One hour after launch, it was just like any other celebrity token: the typical spike, drop, market makers selling, and people debating whether the politics were as important as the chart itself. The official token launched on Base on September 9th. It started trading at a price level that suggested a multibillion-dollar valuation and crashed shortly after. The meme dropped 98% within the first hour. Limited liquidity turned the first minutes of trading into a fireworks display rather than market activity. This is one part of the story… The interesting part is that people believed a 2019 laptop could be monetized in 2026 and that the launch would be as routine as the launch of “$TRUMP”, which this memecoin was meant to mock. The computer that just wouldn't die In April 2019, Hunter Biden dropped a MacBook off at a Delaware repair shop. It got seized by the FBI. The laptop became a political issue when the New York Post reported on information from it in October 2020, with one person's emails and business documents becoming a political controversy for some and a morality story for others. For many years, the term “Hunter’s laptop” served two purposes. Firstly, it was a short way to refer to allegations of influence and foreign business dealings. Second, it was a name for Hunter Biden himself, a man who became a character in others' storylines. This is the asset that he attempted to tokenize. Hunter made his case explicit on Wednesday. He said he has been sober for seven years. He said that Trump's token had left more than a million wallets holding onto $3.8 billion in losses. He added that 20% of $LAPTOP would be airdropped to the community, including those who have lost money on $TRUMP. He added the phrase that would be associated with the LAPTOP meme: “They turned laptop into a weapon. I turned it into a token.” Building the token The $LAPTOP token is a memecoin on Base, Coinbase’s Ethereum layer-2 platform. The total supply will be 1 billion. Around 350 million tokens were in circulation at launch. The project describes it as a digital collectible with no equity, voting rights, yield, or business to claim. The allocation is more complicated than your average meme coin: - Founders, including Biden 30% 6-month lock, then monthly vesting over 24 months - Event/prediction pool 30% Burned if named events happen; sent to charity if they do not - Airdrops 20% 10% at launch, 10% later - Liquidity/listings/legal ~10% Market plumbing - Foundation treasury 5% Project-controlled - Charity regardless of outcomes 5% 50 million tokens “no matter what” The launch was over before the story began Imposters were not waiting for Base. After the story in the Journal, tokens called LAPTOP surfaced on the Robinhood Chain, Solana, TON, and BNB Chain. A single report said there were at least 14 different fakes trading for millions of dollars one hour after the news went live, and there was not yet even an official contract address, since the official token had not launched yet. This loophole has become common practice: announce your ticker, announce your date, leave your contract address blank, and let snipers and impersonators take advantage of the buzz. The official launch was not without its issues. The first prices varied wildly by location and timestamp, with quotes of $200 opening up, a spike reaching into the hundreds of dollars, and then a crash back to under ten dollars. One hour after the open, CoinDesk quoted the price at $4.77, down 98 percent from its peak, despite a market cap that still appeared large because of the initial print of 350 million tokens. Hunter Biden’s memecoin was almost -100%, and Wintermute was unloading $LAPTOP. The figures weren’t as neat as “100%,” but the curve was correct. The meme token followed the pattern that all political memecoins follow when the sole buyer of last resort is publicity. The crypto Twitter mob knew which side their bread was buttered on before any tokens were involved. Coffeezilla advised not buying the coin. Kraken removed a tweet that was promoting it. Various people in the Base community and one journalist who got called out for being on his mailing list distanced themselves. The outrage was not only politically motivated. This one is still different because its tail end is longer than most other memes Most celebrity coins only survive for a weekend but they leave behind a contract address. $LAPTOP, on the other hand, has a lot more story to tell than that. First, the underlying symbol is greater than Hunter Biden. “The laptop” remains a partisan Rorschach test. Second, the burn-or-charity pool turns supply into something driven by real-world developments. As long as the conditions are openly known and mechanically enforced, every election headline, legal case, and New York Post headline can become an event on the token economy. Third, the lockup generates a second act. For six months, the founders could claim they were not selling. Following that period, every unlock would be treated as a true sale. No political tokens get the benefit of the doubt. Fourth, Base is not some random chain. The launch on Coinbase’s L2 puts this project close to a public company, a compliance brand name, and more retail than the Solana community. Honest review $LAPTOP is not a protocol. It is not a recovery program. It is a political relic with a vesting schedule. The story of redemption is very much true in Hunter Biden's case. But seven years in sobriety is not a ticker. The laptop was his private tragedy that became public property. Making it a token will not resolve the conflict. All it does is price his nickname. If you remove the talk, the day is quite predictable: - Famous name. - Pre-arranged ticker. - Impersonators before the contract becomes official. - Vertical candle with poor liquidity. - Snipers first. - Market makers selling their shares given to them by the team. - The community is told to interpret the dump as an opinion. According to Joe Biden, $LAPTOP was all about making a statement. And the market responded the only way these tokens understand. They purchased the first print, got rid of the metaphor, and put the laptop back into its old place…

BSCN

25,186 Aufrufe • vor 26 Tagen

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 Aufrufe • vor 1 Monat

Monthly WINR Protocol Development Update: To begin with, the WINR Protocol has distributed $900,000 to token holders, generated more than $500,000 in pure profit for liquidity providers on WLP, acquired more than 5,000 users, and has almost 9% of the supply burned. In the upcoming months, the WINR Protocol, which has been in production for years, will introduce a range of new products and deployments. These developments will represent the practical and technical evolution to V2 of the protocol. Here are the latest updates and further details as they progress: Progress on WINR Bonanza, Casino Hold'em, and Blackjack is nearing completion. These games are in the final stages of testing. Additional games, including a new type of crash game, have been finalized and are set to debut with the JustBet v2 launch. Take a look at the gameplay videos for a preview. These games achieve the long-term goal of providing a full-suite WINR Game Engine SDK, which can be used to build games with complex logic on-chain with modular smart contract infrastructure. For example, any grid slot game that dominates the iGaming industry could easily be developed on-chain using the WINR Bonanza SDK. - Permissionless Frontend Operator SDK Dashboard Release: March is poised to be a milestone month with the launch of the Frontend Operator SDK dashboards. These dashboards will enable any WINR Labs game to be seamlessly deployed on frontends, marking a significant advancement in protocol accessibility and integration for future games developed by independent iGaming developers. The frontend operator can deploy any game they choose through a few simple steps while utilizing 10,000 WINR per game via the WINR Game Factory smart contract. Each operator is assigned a unique smart contract address(es) for every game they deploy, allowing their revenue to be tracked independently. The deployment process includes instructions on integrating the game as a package into the operator's frontend. In subsequent phases, the games will transition through WINR Chain, streamlining user onboarding steps like wallet connection and token bridging to Arbitrum. This abstraction will make it easy for any web2/web3 platform on any chain to seamlessly integrate WINR-based games with just a few clicks. The new budget system changes how the revenue is calculated on the protocol and will see daylight with frontend operator, Solana, and Fantom deployments. This model was first tested with a lightweight version on and gave a lot of actionable feedback. Shifting from the existing bribe model, which in practice distributes almost half of the edge of the games in volume to WINR holders, the brand-new budget system checks the profitability of WLP. It distributes a larger part of the profit to game providers, frontend operators, and, most importantly, WINR holders. Any time a game's budget is in profit, a part of every loss is distributed to stakeholders. Here is an example: 1. The WINR Bonanza Game has a 10,000 budget for a frontend operator. 2. Let's assume the bet amount was $50, and Bonanza paid back $10 on that spin. That leaves $40 of pure profit. 3. This is distributed amongst 50% to WLP, 20% to frontend operators, 20% to WINR holders, and 10% to game providers. 4. To achieve this, V2 of WINR Liquidity Engine (WLP) will have a buffer for purchasing and selling, working in epochs to determine the above distribution and math. - Solana Deployment and Expansions: Solana audits are in their final phase, and frontend tests are ongoing. Solana launch will be alongside the V2 launch of @JustBetOfficial, with a chain switch available on the top bar. The VRF system WINR developed already is seeing requests from builders around the Solana ecosystem, and this will over time add an extra layer of income to the protocol. Solana's bankroll, at first, will be a lighter version of WLP but will inherit the above-mentioned budgeting system to generate income immediately upon launch. - Fantom Deployment and Expansions: Fantom's upcoming Sonic upgrade, with its 200ms finality and fast block production is a perfect chain for WINR Protocol to expand. Through the partnership with WINR Protocol will tap into a brand new user base on Fantom. The bankroll on Fantom will consist of FTM and stables. The launch is planned for late March or early April. This expansion aims to open up new markets and collaborations with fresh teams. which operates independently, will integrate a broad spectrum of WINR technologies, including WINR Account Abstraction, WINR VRF, and WINR games, marking a pivotal step in WINR Protocol’s journey of horizontal expansion. - XAI VRF Deployment Progress Update: The WINR Account Abstraction Wallet and WINR Verifiable Random Function (VRF) deployment on the XAI 🎮⛓️ is well underway, with the majority of the work completed. This step forward showcases WINR's expansion beyond gambling and trading, highlighting the protocol's adaptability and commitment to broadening decentralized services. The process to automize and permissionlessly let game developers start using WINR VRF by paying (and burning) fees in WINR will launch alongside WINR VRF deployment on XAI and expand to further chains to help DApp builders with the tooling they need. This process will work very similarly to frontend operators, where DApp builders will be able to easily deploy their VRF contract, pay the WINR fees, and enjoy the fastest random number generation transaction, as showcased on @JustBetOfficial for some time. - JustBet v2 Development Update: Set to launch in March, the last testing phase with long-time community members of JustBet V2 is underway. Boasting a completely refreshed look, JustBet v2 aims to captivate more users with its modern features, a significant upgrade from the classic JustBet designed in 2019. Expect dynamic animations and a user experience that rivals traditional web2 casinos, setting a new standard for online gambling platforms and serving once again as proof of concept for all the new WINR features and infrastructure set to launch over the coming months. As always, WINR Labs simultaneously develops protocol infrastructure and platform to best address the needs of one and only goal: horizontal expansion. Easter eggs: Upcoming Gitbook update with all the technical information of WINR V2. CEX listing. Detailed product pages on WINR web. Pyth competitions. WIP-4 and WIP-5 are ready to deploy. And an 🪂
0:18

Monthly WINR Protocol Development Update: To begin with, the WINR Protocol has distributed $900,000 to token holders, generated more than $500,000 in pure profit for liquidity providers on WLP, acquired more than 5,000 users, and has almost 9% of the supply burned. In the upcoming months, the WINR Protocol, which has been in production for years, will introduce a range of new products and deployments. These developments will represent the practical and technical evolution to V2 of the protocol. Here are the latest updates and further details as they progress: Progress on WINR Bonanza, Casino Hold'em, and Blackjack is nearing completion. These games are in the final stages of testing. Additional games, including a new type of crash game, have been finalized and are set to debut with the JustBet v2 launch. Take a look at the gameplay videos for a preview. These games achieve the long-term goal of providing a full-suite WINR Game Engine SDK, which can be used to build games with complex logic on-chain with modular smart contract infrastructure. For example, any grid slot game that dominates the iGaming industry could easily be developed on-chain using the WINR Bonanza SDK. - Permissionless Frontend Operator SDK Dashboard Release: March is poised to be a milestone month with the launch of the Frontend Operator SDK dashboards. These dashboards will enable any WINR Labs game to be seamlessly deployed on frontends, marking a significant advancement in protocol accessibility and integration for future games developed by independent iGaming developers. The frontend operator can deploy any game they choose through a few simple steps while utilizing 10,000 WINR per game via the WINR Game Factory smart contract. Each operator is assigned a unique smart contract address(es) for every game they deploy, allowing their revenue to be tracked independently. The deployment process includes instructions on integrating the game as a package into the operator's frontend. In subsequent phases, the games will transition through WINR Chain, streamlining user onboarding steps like wallet connection and token bridging to Arbitrum. This abstraction will make it easy for any web2/web3 platform on any chain to seamlessly integrate WINR-based games with just a few clicks. The new budget system changes how the revenue is calculated on the protocol and will see daylight with frontend operator, Solana, and Fantom deployments. This model was first tested with a lightweight version on and gave a lot of actionable feedback. Shifting from the existing bribe model, which in practice distributes almost half of the edge of the games in volume to WINR holders, the brand-new budget system checks the profitability of WLP. It distributes a larger part of the profit to game providers, frontend operators, and, most importantly, WINR holders. Any time a game's budget is in profit, a part of every loss is distributed to stakeholders. Here is an example: 1. The WINR Bonanza Game has a 10,000 budget for a frontend operator. 2. Let's assume the bet amount was $50, and Bonanza paid back $10 on that spin. That leaves $40 of pure profit. 3. This is distributed amongst 50% to WLP, 20% to frontend operators, 20% to WINR holders, and 10% to game providers. 4. To achieve this, V2 of WINR Liquidity Engine (WLP) will have a buffer for purchasing and selling, working in epochs to determine the above distribution and math. - Solana Deployment and Expansions: Solana audits are in their final phase, and frontend tests are ongoing. Solana launch will be alongside the V2 launch of @JustBetOfficial, with a chain switch available on the top bar. The VRF system WINR developed already is seeing requests from builders around the Solana ecosystem, and this will over time add an extra layer of income to the protocol. Solana's bankroll, at first, will be a lighter version of WLP but will inherit the above-mentioned budgeting system to generate income immediately upon launch. - Fantom Deployment and Expansions: Fantom's upcoming Sonic upgrade, with its 200ms finality and fast block production is a perfect chain for WINR Protocol to expand. Through the partnership with WINR Protocol will tap into a brand new user base on Fantom. The bankroll on Fantom will consist of FTM and stables. The launch is planned for late March or early April. This expansion aims to open up new markets and collaborations with fresh teams. which operates independently, will integrate a broad spectrum of WINR technologies, including WINR Account Abstraction, WINR VRF, and WINR games, marking a pivotal step in WINR Protocol’s journey of horizontal expansion. - XAI VRF Deployment Progress Update: The WINR Account Abstraction Wallet and WINR Verifiable Random Function (VRF) deployment on the XAI 🎮⛓️ is well underway, with the majority of the work completed. This step forward showcases WINR's expansion beyond gambling and trading, highlighting the protocol's adaptability and commitment to broadening decentralized services. The process to automize and permissionlessly let game developers start using WINR VRF by paying (and burning) fees in WINR will launch alongside WINR VRF deployment on XAI and expand to further chains to help DApp builders with the tooling they need. This process will work very similarly to frontend operators, where DApp builders will be able to easily deploy their VRF contract, pay the WINR fees, and enjoy the fastest random number generation transaction, as showcased on @JustBetOfficial for some time. - JustBet v2 Development Update: Set to launch in March, the last testing phase with long-time community members of JustBet V2 is underway. Boasting a completely refreshed look, JustBet v2 aims to captivate more users with its modern features, a significant upgrade from the classic JustBet designed in 2019. Expect dynamic animations and a user experience that rivals traditional web2 casinos, setting a new standard for online gambling platforms and serving once again as proof of concept for all the new WINR features and infrastructure set to launch over the coming months. As always, WINR Labs simultaneously develops protocol infrastructure and platform to best address the needs of one and only goal: horizontal expansion. Easter eggs: Upcoming Gitbook update with all the technical information of WINR V2. CEX listing. Detailed product pages on WINR web. Pyth competitions. WIP-4 and WIP-5 are ready to deploy. And an 🪂

WINR

37,944 Aufrufe • vor 2 Jahren

BOOOOM! 🚨🚨🚨 This interview is packed with massive $XRP alpha for the years ahead. If you’re still not bullish after hearing this, I don’t know what to tell you. Let me break it all down, because there’s a LOT here. WARNING: THIS ONE IS LOOONG! Monica Long just gave one of the clearest explanations I’ve heard of what Ripple has been building around XRP all these years. And it comes down to three words Chris Larsen was already talking about from the beginning: UTILITY → LIQUIDITY → TRUST At first, that sounds simple. But spend a little time thinking about what those three words actually mean together and the entire XRP strategy starts making much more sense. Utility brings real activity. Real activity creates a need for liquidity. Better liquidity allows larger amounts of money to move efficiently. Institutions become more comfortable using the network. That trust brings more institutions, more assets and more transactions. Then the cycle starts again with even more utility. That is the flywheel Monica Long is talking about. And 2026 is starting to look like the year all three sides are finally showing up at the same time. For years, people reduced XRP to one thing: Cross-border payments. That story is becoming much bigger. XRP can potentially sit inside payments, FX liquidity, DEX routing, lending, credit, collateral, tokenized markets and even autonomous AI payments. That is a completely different economic profile from simply paying a blockchain gas fee. Look at Ripple Payments. Ripple already operates across more than 60 markets and has processed over $100 billion in payment volume. Ripple already has companies using its infrastructure. That part matters a lot. They do not need to wait around hoping somebody discovers XRPL someday. Ripple already has enterprise relationships. Now Ripple wants to push more of the activity coming from those customers directly onto the XRP Ledger. Think about the difference. A company wants to move money internationally. It does not want its finance team learning how to operate a decentralized exchange. It does not want employees sitting there choosing liquidity pools, handling wallets and figuring out blockchain routing. It simply wants the payment completed. Ripple can handle the complexity underneath. Compliance. Routing. Conversion. Custody considerations. Settlement. The customer sees a payment product. XRPL can quietly become part of the engine running beneath it. I think that matters enormously. The easier blockchain becomes to use without businesses having to think about blockchain, the easier serious adoption becomes. Then you reach the liquidity side of the story. XRPL already has a native DEX and AMM. Now imagine what happens as more assets appear there. RLUSD. MXNB. Brazilian real stablecoins. Euro stablecoins. Tokenized Treasuries. Commercial paper. Investment funds. Private credit. Tokenized deposits. Other real-world assets. Every new asset needs liquidity. If there are only two assets, creating a market is easy. Once you start adding dozens, hundreds or eventually thousands of different assets, the number of potential trading relationships explodes. Liquidity gets fragmented quickly. A common intermediary asset becomes much more useful. That is the economic logic XRP was designed around. Asset A → XRP → Asset B when XRP provides the efficient path. So every new tokenized asset coming onto XRPL does not automatically compete with XRP. It can create another market where XRP may become useful as liquidity. And RLUSD makes this setup even more interesting. Ripple reported around $2.409 billion of RLUSD circulating, backed by roughly $2.5315 billion in reserve funds as of September 24. Now the roles can become clearer. RLUSD can represent stable dollar value. Tokenized assets can represent investments and collateral. XRPL can handle exchange and settlement. XRP can provide native liquidity and potentially credit capital. XRP does not have to pretend to be a dollar. Ripple already built RLUSD for that. XRP can focus on being useful between different pools of value. And we already have real assets appearing. Ondo’s OUSG is live on XRPL. Qualified purchasers can mint and redeem the tokenized U.S. Treasury product using RLUSD around the clock. At launch, OUSG had more than $670 million in TVL. Think about what is happening there. A real-world financial asset. Digital cash. Both living inside the same network. Then add DEX liquidity. Then lending. Then collateral. Then market makers. Now you are moving beyond tokenizing something just so people can say it exists on blockchain. You are building an actual financial market around it. Then there is Guggenheim Treasury Services. Its Digital Commercial Paper is on XRPL too. More than $280 million of issuance had already been processed, backed by U.S. Treasury securities and carrying Moody’s Prime-1 rating. So now the ledger can contain more than crypto-native assets. Treasuries. Commercial paper. Funds. Stablecoins. Credit instruments. Commodities. Every new category expands the liquidity graph. Aviva Investors adds another piece. Aviva announced plans with Ripple to tokenize traditional fund structures on XRPL. Then look at Brazil. Justoken already had more than $1.7 billion of assets tokenized on XRPL. CRX had nearly $100 million settled onchain. Then CSD BR went live using XRPL to mirror ownership records of BTG Pactual investment-fund shares. CSD BR reports more than BRL 22 trillion in registered assets. Read that again. This is regulated financial-market infrastructure beginning to use a public blockchain as part of real financial operations. And future phases contemplate native issuance and trading directly on XRPL. This is how utility compounds. A crypto company issues something. Then funds appear. Then regulated market infrastructure itself starts integrating the network. Now go back to what Monica Long predicted. She talked about tokenized assets moving from around: $100M → $1B → roughly $6B and then potentially reaching: $30 BILLION. Most people will look at that and say: “Cool, 5x.” I think the bigger story sits underneath the number. What happens around $30 billion of assets? Those assets need custody. Trading. Market making. Cash settlement. FX. Collateral. Credit. Lending. Redemption. Compliance. Issuance. A tokenized asset sitting motionless in a wallet is only the first stage. The real financial activity starts when people can actually use the asset. Borrow against it. Trade it. Use it as collateral. Finance positions. Move liquidity around it. That brings us back to XRP. Because Ripple is also building credit infrastructure through the XRPL Lending Protocol. Imagine an XRP holder in the old model. Buy XRP. Hold XRP. Wait. Now imagine a future model. Hold XRP. Supply it into liquidity or credit infrastructure. A payment company or market maker accesses that capital. The XRP supports real economic activity. Capital gets repaid. The same capital can be used again. Suddenly XRP starts becoming productive liquidity. That is a much deeper role. And market makers could become one of the biggest pieces of this. If Ripple routes more enterprise payment activity through XRPL, somebody has to provide liquidity. A professional market maker may continuously quote markets such as: RLUSD/XRP. XRP/local stablecoin. XRP/tokenized assets. If business volume grows, those firms may need larger XRP inventories. More working capital. Better access to credit. XRPL lending pools could eventually help finance that inventory. Now you could have: XRP holders providing capital. Market makers borrowing XRP. Market makers supplying liquidity. Ripple customers consuming that liquidity while making real payments. That is an actual financial economy. XRP becomes inventory behind an economic service. Then comes the third side of Chris Larsen’s triangle: TRUST. I think people underestimate this one. Institutional trust does not mean some bank executive saying they like Ripple. Trust means: Can we legally use this? Can participants be identified? Can we control access? Can we manage counterparty risk? Can transactions be audited? Can private information remain private? Can assets be frozen if regulations require it? Can billions settle reliably? Is enough liquidity available? Can we custody everything safely? XRPL has been building around those requirements. Credentials. Permissioned Domains. Deep Freeze. MPTs. Token Escrow. Batch Transactions. Lending. Confidential Transfers. Those tools matter because institutions move very differently when serious capital is involved. A company experimenting with $1 million has one risk profile. Moving $100 million is different. Moving $1 billion is another level entirely. If XRPL proves that regulated issuers, credentialed markets, privacy controls, institutional custody and deep liquidity can coexist on public infrastructure, institutions can become more comfortable bringing larger amounts of capital. Larger capital creates deeper markets. Deeper markets improve execution. Better execution increases utility. And the flywheel spins again. CSD BR is especially powerful through this lens. Its existing systems remain the official record, but XRPL is being used as an additional recording and audit layer. That is a practical example of regulated infrastructure integrating public blockchain without throwing away the controls institutions already need. Success like that builds trust. Trust makes other institutions more willing to experiment. Those institutions add assets. Those assets create liquidity demand. Liquidity strengthens utility. Utility → liquidity → trust → utility again. Then Monica Long and Christina Chan introduced another layer that I think could eventually become massive: AI agents. Christina Chan said agentic activity had already reached roughly 11 million XRPL transactions. Monica’s prediction? Around 100 million by this time next year. That is almost an order-of-magnitude jump. Humans make a limited number of financial decisions every day. Software does not have that limitation. An AI agent can pay for an API. Then compute. Then market data. Then storage. Then another AI service. Then execute a trade. Then rebalance a portfolio. Then convert currencies. Then repay credit. And it can keep doing that all day and all night. Ripple has already launched the XRPL AI Starter Kit, including x402-powered payments using XRP and RLUSD. AI agents can autonomously pay for APIs, compute, data and digital services. So when Monica talks about 100 million agentic transactions, Ripple is not sitting around hoping AI somehow discovers XRP. They are already building tools for machines to transact. Now combine Monica’s two predictions. $30 billion in tokenized assets. 100 million agentic transactions. Imagine an autonomous treasury agent holding RLUSD. It buys tokenized Treasuries. Collects yield. Uses the Treasury position as collateral. Borrows liquidity. Pays for compute. Executes FX. Rebalances. Repays debt. Moves into another asset. Every single action can create activity. The asset itself may sit on XRPL, but software can continuously make that asset productive. Now $30 billion of assets can create far more than $30 billion of lifetime economic activity. The capital can move. Trade. Get pledged. Borrowed against. Reallocated. Used repeatedly. That is asset velocity. And this is where the entire picture becomes much more exciting to me. Ripple Payments brings enterprise distribution. RLUSD brings digital cash. Tokenized assets bring investable capital. XRPL DEX and AMM bring exchange. XRP can provide liquidity. The Lending Protocol brings credit. Credentials and Permissioned Domains bring controlled institutional access. Confidential Transfers can help address privacy. AI agents and x402 bring automation. XRPL becomes the settlement layer connecting everything. That starts looking like a real digital financial economy. And $XRP sits across multiple layers of it. Bridge liquidity. DEX inventory. Payment liquidity. Credit capital. Lending. Collateral. Agentic payments. Network reserves. Transaction fees. This is why I think the XRP debate has changed. The old question was: “Will banks use XRP?” I think that question is becoming way too small. The bigger question is: How many financial roles can XRP perform as XRPL grows? Because if several of these markets develop at the same time, each one can strengthen the others. More RWAs create more trading. More trading needs liquidity. More liquidity attracts market makers. Market makers need capital. Credit markets can provide that capital. XRP holders can supply some of it. AI agents create more transactions. More transactions create more automated liquidity demand. More DEX activity gives market makers another reason to maintain XRP inventory. Meanwhile institutional adoption creates more trust. More trust can bring larger assets and larger companies. Then everything loops again. And the part I care about most for XRP demand is not simply transaction fees being burned. XRPL fees are tiny by design. The more interesting demand comes from XRP potentially being held because businesses actually need inventory. DEX market makers can hold XRP. Lending vaults can hold XRP. Payment-credit facilities can use XRP. Institutional treasuries can hold XRP. Liquidity pools can hold XRP. Collateral structures can use XRP. That means portions of supply can become economically committed to doing actual work. At the same time, new businesses may need XRP to make markets, borrow inventory, route liquidity or settle transactions. That is very different from someone buying XRP because they hope the chart pumps. A market maker can acquire XRP because it needs inventory. A lender can acquire XRP because it wants to deploy productive capital. A payment company can borrow XRP because it needs working capital. An AI application can hold XRP because autonomous software needs digital money. Those are economic reasons to interact with XRP. And that is where I think Monica Long’s interview becomes extremely important. Her message was not simply: “XRP has utility.” She showed us what that utility can evolve into. Ripple is trying to take XRP from a bridge asset and turn it into something much deeper: productive financial capital. Movement of value. Exchange of value. Financing of value. Collateralization of value. Autonomous movement of value. And the triangle Chris Larsen talked about years ago suddenly feels much more relevant: UTILITY → LIQUIDITY → TRUST Utility gives institutions a reason to use the network. Real activity creates demand for liquidity. Deep liquidity makes larger transactions possible. Larger transactions build confidence. Confidence attracts bigger institutions. Those institutions bring more capital. More capital creates more utility. Then the wheel keeps spinning. Now Monica is talking about potentially moving from roughly $6B to $30B in tokenized assets while agentic transactions move from roughly 11M toward 100M. One increases the amount of capital living inside the network. The other increases how frequently activity can happen around that capital. Add Ripple Payments pushing more enterprise volume toward XRPL. Add DEX liquidity. Add lending. Add payment credit. Add RLUSD. Add institutional controls. Add AI agents. And I think the long-term $XRP picture starts looking very different. I have been bullish on XRP for a long time. But interviews like this are exactly why my conviction keeps growing. I’m not looking at one partnership or one headline. I’m looking at an entire financial system slowly being assembled around liquidity, credit, tokenized assets, payments and automation. If Ripple executes on even a meaningful part of what Monica Long just laid out, XRP could sit right in the middle of capital, liquidity, credit, payments and autonomous finance. That is the $XRP future I’m holding for. LETS GOOOOOOO!
4:18

BOOOOM! 🚨🚨🚨 This interview is packed with massive $XRP alpha for the years ahead. If you’re still not bullish after hearing this, I don’t know what to tell you. Let me break it all down, because there’s a LOT here. WARNING: THIS ONE IS LOOONG! Monica Long just gave one of the clearest explanations I’ve heard of what Ripple has been building around XRP all these years. And it comes down to three words Chris Larsen was already talking about from the beginning: UTILITY → LIQUIDITY → TRUST At first, that sounds simple. But spend a little time thinking about what those three words actually mean together and the entire XRP strategy starts making much more sense. Utility brings real activity. Real activity creates a need for liquidity. Better liquidity allows larger amounts of money to move efficiently. Institutions become more comfortable using the network. That trust brings more institutions, more assets and more transactions. Then the cycle starts again with even more utility. That is the flywheel Monica Long is talking about. And 2026 is starting to look like the year all three sides are finally showing up at the same time. For years, people reduced XRP to one thing: Cross-border payments. That story is becoming much bigger. XRP can potentially sit inside payments, FX liquidity, DEX routing, lending, credit, collateral, tokenized markets and even autonomous AI payments. That is a completely different economic profile from simply paying a blockchain gas fee. Look at Ripple Payments. Ripple already operates across more than 60 markets and has processed over $100 billion in payment volume. Ripple already has companies using its infrastructure. That part matters a lot. They do not need to wait around hoping somebody discovers XRPL someday. Ripple already has enterprise relationships. Now Ripple wants to push more of the activity coming from those customers directly onto the XRP Ledger. Think about the difference. A company wants to move money internationally. It does not want its finance team learning how to operate a decentralized exchange. It does not want employees sitting there choosing liquidity pools, handling wallets and figuring out blockchain routing. It simply wants the payment completed. Ripple can handle the complexity underneath. Compliance. Routing. Conversion. Custody considerations. Settlement. The customer sees a payment product. XRPL can quietly become part of the engine running beneath it. I think that matters enormously. The easier blockchain becomes to use without businesses having to think about blockchain, the easier serious adoption becomes. Then you reach the liquidity side of the story. XRPL already has a native DEX and AMM. Now imagine what happens as more assets appear there. RLUSD. MXNB. Brazilian real stablecoins. Euro stablecoins. Tokenized Treasuries. Commercial paper. Investment funds. Private credit. Tokenized deposits. Other real-world assets. Every new asset needs liquidity. If there are only two assets, creating a market is easy. Once you start adding dozens, hundreds or eventually thousands of different assets, the number of potential trading relationships explodes. Liquidity gets fragmented quickly. A common intermediary asset becomes much more useful. That is the economic logic XRP was designed around. Asset A → XRP → Asset B when XRP provides the efficient path. So every new tokenized asset coming onto XRPL does not automatically compete with XRP. It can create another market where XRP may become useful as liquidity. And RLUSD makes this setup even more interesting. Ripple reported around $2.409 billion of RLUSD circulating, backed by roughly $2.5315 billion in reserve funds as of September 24. Now the roles can become clearer. RLUSD can represent stable dollar value. Tokenized assets can represent investments and collateral. XRPL can handle exchange and settlement. XRP can provide native liquidity and potentially credit capital. XRP does not have to pretend to be a dollar. Ripple already built RLUSD for that. XRP can focus on being useful between different pools of value. And we already have real assets appearing. Ondo’s OUSG is live on XRPL. Qualified purchasers can mint and redeem the tokenized U.S. Treasury product using RLUSD around the clock. At launch, OUSG had more than $670 million in TVL. Think about what is happening there. A real-world financial asset. Digital cash. Both living inside the same network. Then add DEX liquidity. Then lending. Then collateral. Then market makers. Now you are moving beyond tokenizing something just so people can say it exists on blockchain. You are building an actual financial market around it. Then there is Guggenheim Treasury Services. Its Digital Commercial Paper is on XRPL too. More than $280 million of issuance had already been processed, backed by U.S. Treasury securities and carrying Moody’s Prime-1 rating. So now the ledger can contain more than crypto-native assets. Treasuries. Commercial paper. Funds. Stablecoins. Credit instruments. Commodities. Every new category expands the liquidity graph. Aviva Investors adds another piece. Aviva announced plans with Ripple to tokenize traditional fund structures on XRPL. Then look at Brazil. Justoken already had more than $1.7 billion of assets tokenized on XRPL. CRX had nearly $100 million settled onchain. Then CSD BR went live using XRPL to mirror ownership records of BTG Pactual investment-fund shares. CSD BR reports more than BRL 22 trillion in registered assets. Read that again. This is regulated financial-market infrastructure beginning to use a public blockchain as part of real financial operations. And future phases contemplate native issuance and trading directly on XRPL. This is how utility compounds. A crypto company issues something. Then funds appear. Then regulated market infrastructure itself starts integrating the network. Now go back to what Monica Long predicted. She talked about tokenized assets moving from around: $100M → $1B → roughly $6B and then potentially reaching: $30 BILLION. Most people will look at that and say: “Cool, 5x.” I think the bigger story sits underneath the number. What happens around $30 billion of assets? Those assets need custody. Trading. Market making. Cash settlement. FX. Collateral. Credit. Lending. Redemption. Compliance. Issuance. A tokenized asset sitting motionless in a wallet is only the first stage. The real financial activity starts when people can actually use the asset. Borrow against it. Trade it. Use it as collateral. Finance positions. Move liquidity around it. That brings us back to XRP. Because Ripple is also building credit infrastructure through the XRPL Lending Protocol. Imagine an XRP holder in the old model. Buy XRP. Hold XRP. Wait. Now imagine a future model. Hold XRP. Supply it into liquidity or credit infrastructure. A payment company or market maker accesses that capital. The XRP supports real economic activity. Capital gets repaid. The same capital can be used again. Suddenly XRP starts becoming productive liquidity. That is a much deeper role. And market makers could become one of the biggest pieces of this. If Ripple routes more enterprise payment activity through XRPL, somebody has to provide liquidity. A professional market maker may continuously quote markets such as: RLUSD/XRP. XRP/local stablecoin. XRP/tokenized assets. If business volume grows, those firms may need larger XRP inventories. More working capital. Better access to credit. XRPL lending pools could eventually help finance that inventory. Now you could have: XRP holders providing capital. Market makers borrowing XRP. Market makers supplying liquidity. Ripple customers consuming that liquidity while making real payments. That is an actual financial economy. XRP becomes inventory behind an economic service. Then comes the third side of Chris Larsen’s triangle: TRUST. I think people underestimate this one. Institutional trust does not mean some bank executive saying they like Ripple. Trust means: Can we legally use this? Can participants be identified? Can we control access? Can we manage counterparty risk? Can transactions be audited? Can private information remain private? Can assets be frozen if regulations require it? Can billions settle reliably? Is enough liquidity available? Can we custody everything safely? XRPL has been building around those requirements. Credentials. Permissioned Domains. Deep Freeze. MPTs. Token Escrow. Batch Transactions. Lending. Confidential Transfers. Those tools matter because institutions move very differently when serious capital is involved. A company experimenting with $1 million has one risk profile. Moving $100 million is different. Moving $1 billion is another level entirely. If XRPL proves that regulated issuers, credentialed markets, privacy controls, institutional custody and deep liquidity can coexist on public infrastructure, institutions can become more comfortable bringing larger amounts of capital. Larger capital creates deeper markets. Deeper markets improve execution. Better execution increases utility. And the flywheel spins again. CSD BR is especially powerful through this lens. Its existing systems remain the official record, but XRPL is being used as an additional recording and audit layer. That is a practical example of regulated infrastructure integrating public blockchain without throwing away the controls institutions already need. Success like that builds trust. Trust makes other institutions more willing to experiment. Those institutions add assets. Those assets create liquidity demand. Liquidity strengthens utility. Utility → liquidity → trust → utility again. Then Monica Long and Christina Chan introduced another layer that I think could eventually become massive: AI agents. Christina Chan said agentic activity had already reached roughly 11 million XRPL transactions. Monica’s prediction? Around 100 million by this time next year. That is almost an order-of-magnitude jump. Humans make a limited number of financial decisions every day. Software does not have that limitation. An AI agent can pay for an API. Then compute. Then market data. Then storage. Then another AI service. Then execute a trade. Then rebalance a portfolio. Then convert currencies. Then repay credit. And it can keep doing that all day and all night. Ripple has already launched the XRPL AI Starter Kit, including x402-powered payments using XRP and RLUSD. AI agents can autonomously pay for APIs, compute, data and digital services. So when Monica talks about 100 million agentic transactions, Ripple is not sitting around hoping AI somehow discovers XRP. They are already building tools for machines to transact. Now combine Monica’s two predictions. $30 billion in tokenized assets. 100 million agentic transactions. Imagine an autonomous treasury agent holding RLUSD. It buys tokenized Treasuries. Collects yield. Uses the Treasury position as collateral. Borrows liquidity. Pays for compute. Executes FX. Rebalances. Repays debt. Moves into another asset. Every single action can create activity. The asset itself may sit on XRPL, but software can continuously make that asset productive. Now $30 billion of assets can create far more than $30 billion of lifetime economic activity. The capital can move. Trade. Get pledged. Borrowed against. Reallocated. Used repeatedly. That is asset velocity. And this is where the entire picture becomes much more exciting to me. Ripple Payments brings enterprise distribution. RLUSD brings digital cash. Tokenized assets bring investable capital. XRPL DEX and AMM bring exchange. XRP can provide liquidity. The Lending Protocol brings credit. Credentials and Permissioned Domains bring controlled institutional access. Confidential Transfers can help address privacy. AI agents and x402 bring automation. XRPL becomes the settlement layer connecting everything. That starts looking like a real digital financial economy. And $XRP sits across multiple layers of it. Bridge liquidity. DEX inventory. Payment liquidity. Credit capital. Lending. Collateral. Agentic payments. Network reserves. Transaction fees. This is why I think the XRP debate has changed. The old question was: “Will banks use XRP?” I think that question is becoming way too small. The bigger question is: How many financial roles can XRP perform as XRPL grows? Because if several of these markets develop at the same time, each one can strengthen the others. More RWAs create more trading. More trading needs liquidity. More liquidity attracts market makers. Market makers need capital. Credit markets can provide that capital. XRP holders can supply some of it. AI agents create more transactions. More transactions create more automated liquidity demand. More DEX activity gives market makers another reason to maintain XRP inventory. Meanwhile institutional adoption creates more trust. More trust can bring larger assets and larger companies. Then everything loops again. And the part I care about most for XRP demand is not simply transaction fees being burned. XRPL fees are tiny by design. The more interesting demand comes from XRP potentially being held because businesses actually need inventory. DEX market makers can hold XRP. Lending vaults can hold XRP. Payment-credit facilities can use XRP. Institutional treasuries can hold XRP. Liquidity pools can hold XRP. Collateral structures can use XRP. That means portions of supply can become economically committed to doing actual work. At the same time, new businesses may need XRP to make markets, borrow inventory, route liquidity or settle transactions. That is very different from someone buying XRP because they hope the chart pumps. A market maker can acquire XRP because it needs inventory. A lender can acquire XRP because it wants to deploy productive capital. A payment company can borrow XRP because it needs working capital. An AI application can hold XRP because autonomous software needs digital money. Those are economic reasons to interact with XRP. And that is where I think Monica Long’s interview becomes extremely important. Her message was not simply: “XRP has utility.” She showed us what that utility can evolve into. Ripple is trying to take XRP from a bridge asset and turn it into something much deeper: productive financial capital. Movement of value. Exchange of value. Financing of value. Collateralization of value. Autonomous movement of value. And the triangle Chris Larsen talked about years ago suddenly feels much more relevant: UTILITY → LIQUIDITY → TRUST Utility gives institutions a reason to use the network. Real activity creates demand for liquidity. Deep liquidity makes larger transactions possible. Larger transactions build confidence. Confidence attracts bigger institutions. Those institutions bring more capital. More capital creates more utility. Then the wheel keeps spinning. Now Monica is talking about potentially moving from roughly $6B to $30B in tokenized assets while agentic transactions move from roughly 11M toward 100M. One increases the amount of capital living inside the network. The other increases how frequently activity can happen around that capital. Add Ripple Payments pushing more enterprise volume toward XRPL. Add DEX liquidity. Add lending. Add payment credit. Add RLUSD. Add institutional controls. Add AI agents. And I think the long-term $XRP picture starts looking very different. I have been bullish on XRP for a long time. But interviews like this are exactly why my conviction keeps growing. I’m not looking at one partnership or one headline. I’m looking at an entire financial system slowly being assembled around liquidity, credit, tokenized assets, payments and automation. If Ripple executes on even a meaningful part of what Monica Long just laid out, XRP could sit right in the middle of capital, liquidity, credit, payments and autonomous finance. That is the $XRP future I’m holding for. LETS GOOOOOOO!

X Finance Bull

55,863 Aufrufe • vor 1 Tag

What if the U.S. starts buying Treasury bonds with ripple:native or RLUSD and puts them on the XRP Ledger? South Korea’s YTN just asked a question that sounds wild at first: “Buying U.S. Treasury Bonds with Crypto?” But when I started connecting it with what Scott Bessent, Ripple, RLUSD and the XRP Ledger are already doing, this stopped looking like some random crypto theory. The pieces are already sitting right in front of us. The United States has now crossed roughly $40 trillion in federal debt. That means the government constantly needs buyers for enormous amounts of Treasury securities. Not once. Again and again. Old debt matures. New debt gets issued. Short-term bills need buyers. Interest keeps getting paid. The whole system depends on keeping demand for U.S. government debt strong. And this is exactly where stablecoins suddenly become much more important than most people realize. Scott Bessent has already talked about stablecoins creating more demand for U.S. Treasuries. The logic is actually simple. A regulated dollar stablecoin needs real assets behind it. Under the GENIUS Act framework, stablecoins are backed 1:1 by eligible high-quality reserves such as cash, short-term Treasuries, Treasury-backed repo and government money-market funds. So when stablecoins grow, their reserve pools grow too. And when those reserves include Treasury bills, stablecoin adoption can create another source of demand for U.S. government debt. That means crypto growth does not have to weaken the dollar. It can actually create another global buyer base for dollar assets. That completely changes how I look at RLUSD. RLUSD is not just another dollar token sitting beside USDC and other stablecoins. Ripple’s own RLUSD reserve structure already allows short-term U.S. Treasury bills with three months or less remaining maturity, overnight reverse repos backed by Treasuries, U.S. government money-market funds and bank deposits. Think about what that means. If RLUSD grows, the pool of assets backing RLUSD grows. If RLUSD becomes a major institutional stablecoin, Ripple’s ecosystem can become a major holder of the same short-term government assets the U.S. Treasury needs constant demand for. Imagine RLUSD at $10 billion. Then $25 billion. Then $50 billion. Then $100 billion. The bigger the supply becomes, the bigger the reserve base behind it becomes. And part of that reserve base can be short-term U.S. government debt. That already gives Ripple a direct connection to the exact stablecoin-Treasury thesis Scott Bessent has been talking about. But this is where it gets even more interesting. Ripple is not stopping at Treasuries backing RLUSD. Treasuries themselves are already being brought onto the XRP Ledger. Ondo Finance launched OUSG on XRPL. OUSG gives qualified institutional investors exposure to short-term U.S. government Treasuries. And what can institutions use to mint and redeem that Treasury exposure on XRPL? RLUSD. That means this architecture already exists: RLUSD ↓ tokenized U.S. Treasury exposure ↓ OUSG ↓ XRP Ledger This is the part that really gets me. We are not imagining some future where Ripple eventually connects stablecoins with U.S. Treasuries. That connection is already being built. You have Treasury assets sitting behind the digital dollar. Then you also have Treasury products represented directly on the blockchain. And both can interact through the same ecosystem. That gives Ripple two different positions inside the Treasury market. First: Treasuries can back RLUSD. Second: Treasuries can themselves be tokenized on XRPL. That means Ripple could potentially sit on both sides of a new digital Treasury market. Digital cash on one side. Digital U.S. government debt on the other. XRP Ledger between them. And ripple:native sitting underneath the network as the native asset and potential bridge between different pools of liquidity. That is a much bigger story than “Ripple has a stablecoin.” Ripple has also committed $10 million to OpenEden’s tokenized U.S. Treasury-bill product on XRPL. That tells me Ripple clearly understands where this is going. They are not waiting for tokenized Treasuries to become a trend. They have already put capital behind bringing those products directly onto XRP Ledger. Then you have Guggenheim Treasury Services. Ripple highlighted digital commercial paper administered by Guggenheim Treasury Services on XRPL. That instrument is secured by U.S. Treasuries and carries a Prime-1 Moody’s rating. Now step back and look at what is forming. RLUSD. Ondo OUSG. OpenEden Treasury bills. Guggenheim Treasury Services. Tokenized fixed income. Institutional custody. Ripple Prime. Ripple Payments. XRP Ledger. ripple:native. All of these pieces are starting to sit inside the same financial stack. That is why I think people are looking at the $40 trillion U.S. debt problem from the wrong angle when they only ask: “How will America ever pay this?” The more interesting question for me is: How will America keep finding buyers for trillions of dollars of government debt while modernizing the financial system at the same time? Stablecoins can help create buyers. Tokenization can help create distribution. Blockchain can help create 24/7 settlement. And Ripple is building in all three areas. Imagine how Treasury investing works for a normal global institution today. You may need banking relationships. Custody. Brokerage. Settlement infrastructure. Different accounts. Different systems. Different operating hours. Now imagine Treasury exposure existing directly on XRPL. The investor can hold RLUSD. Move into tokenized Treasury exposure. Redeem back into RLUSD. Move the dollar liquidity somewhere else. Do it around the clock. That is a completely different experience. Treasuries stop being something that only sits inside old databases. They become programmable financial assets. That matters because America does not just need Treasuries to exist. America needs Treasuries to remain attractive. Liquid. Easy to buy. Easy to hold. Easy to use. Easy to move. And eventually, easy to use as collateral. That is where tokenization becomes much bigger than simply putting a bond onchain. Imagine buying a tokenized Treasury and then using it as collateral. Borrowing against it. Moving it between institutions. Settling it against digital dollars. Redeploying that liquidity instantly. Now a Treasury is no longer just something you buy and wait for. It becomes a working financial asset. And the more useful Treasuries become, the more reasons global institutions have to hold them. This is why the XRP Ledger piece matters. XRPL can become infrastructure where those assets move. RLUSD can become the digital cash side. Then ripple:native can become the neutral liquidity layer between all the different assets and currencies touching that network. Because the future XRPL does not have to contain only RLUSD and Treasury products. Imagine it contains: RLUSD. Tokenized Treasuries. EUR stablecoins. MXN stablecoins. Tokenized deposits. Money-market funds. Commercial paper. Foreign government debt. Private credit. Different institutions will hold different assets. Different countries will use different currencies. That creates a liquidity problem. You cannot expect every possible asset pair to have a massive direct market. A Japanese institution may start with yen liquidity. A European institution may need euros. A Mexican institution may need pesos. A U.S. institution may need RLUSD. A Treasury fund may need to move into cash. This is where ripple:native becomes much more interesting. XRP can potentially sit in the middle as the bridge. Asset A → ripple:native → Asset B. So imagine a Japanese bank wants $1 billion worth of tokenized U.S. Treasury exposure. It starts with Japanese liquidity. The route could eventually become: JPY ↓ ripple:native ↓ RLUSD ↓ tokenized Treasury Then later that institution wants to exit. Tokenized Treasury ↓ RLUSD ↓ ripple:native ↓ JPY Now imagine the same thing happening from Europe. -South Korea. -Singapore. -Hong Kong. -UAE. -Mexico. -Brazil. The United States gets another global distribution channel for its debt. Ripple gets institutional activity. XRPL gets settlement volume. RLUSD gets dollar demand. And ripple:native can become part of the liquidity connecting all of those markets. That is where this gets much bigger than payments. Because once tokenized Treasuries become collateral, you are no longer only talking about buying and selling government debt. You are talking about credit. -Repo. -Margin. -Working capital. -Liquidity management. -Treasury management. -Institutional trading. Imagine a company holds $2 billion in tokenized Treasuries on XRPL. It suddenly needs $500 million of liquidity. Instead of selling everything and moving through multiple systems, it uses the Treasury position as collateral. Receives RLUSD. Then converts part of that liquidity into another currency through ripple:native. Now ripple:native is sitting in the middle of: -money -government debt -FX -credit -collateral That is a completely different role from people simply trading XRP on an exchange. And Ripple has been building the institutional infrastructure around that role. Ripple Prime gives Ripple a connection into professional capital markets. Ripple Custody gives institutions infrastructure for holding digital assets. Ripple Payments handles movement. RLUSD provides regulated dollar liquidity. XRPL handles tokenization and settlement. ripple:native sits natively underneath the ledger. When I put all of that beside what Scott Bessent is saying about stablecoins and Treasuries, I cannot ignore the alignment. The U.S. wants stronger global demand for dollars. Stablecoins can extend dollars onto digital rails. The U.S. wants buyers for Treasury bills. Stablecoin reserves can become buyers. The U.S. wants more efficient capital markets. Tokenized Treasuries can make those assets easier to move and use. Ripple already has a regulated stablecoin. RLUSD already has Treasury-eligible reserve assets. XRPL already has tokenized Treasury products. RLUSD already interacts with OUSG. Ripple has already backed OpenEden Treasury infrastructure. Guggenheim Treasury Services already has Treasury-secured digital commercial paper on XRPL. This is not one random announcement. It is a system starting to form. And there is another point I think is being missed. The bullish XRP thesis does not require the U.S. dollar to fail. I actually think the opposite scenario is much stronger. Imagine the dollar becomes even more dominant because regulated stablecoins make it easier for anyone in the world to hold and move digital dollars. Those stablecoins create more demand for U.S. Treasuries. Treasuries themselves become tokenized. Global investors buy them 24/7. And ripple:native becomes one of the liquidity assets connecting those digital dollars and Treasury products to currencies around the world. In that world: the dollar wins. Treasuries win. Ripple wins. XRPL wins. And ripple:native gets a much bigger liquidity role. That is why the GENIUS Act matters here too. The framework is pushing stablecoins toward regulated 1:1 reserve structures. Bessent has talked about stablecoins strengthening dollar dominance. Ripple already has RLUSD. RLUSD is issued through a New York-regulated structure. BNY is the primary custodian for RLUSD reserves. That is serious financial infrastructure. It means Ripple is not building some completely separate parallel monetary system. It is building directly around the same regulated dollar and Treasury framework Washington is encouraging. And that is what makes this thesis so powerful to me. The path does not need to be: America abandons the dollar. America adopts XRP. That sounds unrealistic and honestly misses the point. The much bigger setup is: America keeps the dollar. America keeps Treasuries. Stablecoins make the dollar more digital. Tokenization makes Treasuries more accessible. Ripple builds the infrastructure around both. And ripple:native connects them to the rest of the global financial system. That is a completely different level of adoption. Now take this to the highly bullish scenario. Imagine the global stablecoin market reaches $3 trillion. RLUSD becomes one of the major institutional stablecoins. Maybe it reaches $100 billion or more in circulation. That means an enormous reserve pool exists behind it. Part of that reserve base holds short-term Treasury securities, Treasury-backed repo and government money-market instruments. Ripple becomes a major private-sector participant in short-term U.S. government debt demand. At the same time, tokenized Treasury products on XRPL grow from where they are today into tens of billions. Then hundreds of billions. Global asset managers start holding Treasury exposure directly on XRPL. Banks use RLUSD to enter and exit those positions. Treasuries get used as collateral. Institutions borrow against them. Ripple Prime connects the professional market. Ripple Custody holds the assets. XRPL settles them. Then currencies from around the world need to enter and exit that system. That is where ripple:native can explode in importance. Market makers need XRP inventory. Liquidity providers need deeper XRP books. Banks need larger settlement capacity. More XRP sits inside institutional liquidity operations. The amount of financial value that needs to move through the system keeps increasing. And suddenly the market has to ask a very different question: Is the current dollar value of ripple:native large enough to provide liquidity for this kind of financial system? Imagine $100 billion of tokenized Treasuries. Then $500 billion. Then trillions of tokenized fixed income across XRPL and connected markets. Imagine RLUSD at $100 billion. Imagine global currencies continuously moving in and out. At that point, the amount of liquidity required looks nothing like today's crypto market. A higher ripple:native price means every unit can represent more dollar value. That gives liquidity providers more settlement capacity without needing absurd quantities of XRP for every transaction. That is why I see price and liquidity eventually becoming connected. The bigger the financial system that XRP is asked to connect, the deeper the dollar value of XRP liquidity needs to become. The full loop could look like this: U.S. debt keeps growing ↓ Treasury needs more buyers ↓ stablecoins expand ↓ stablecoin issuers buy more short-term Treasury assets ↓ RLUSD grows ↓ Treasury products become tokenized ↓ XRPL captures more of those assets ↓ global investors enter through RLUSD ↓ more global currencies connect ↓ ripple:native bridges fragmented liquidity ↓ market makers need more XRP inventory ↓ Ripple Prime expands institutional liquidity ↓ XRPL becomes deeper financial infrastructure ↓ ripple:native represents more value inside that system ↓ price reprices higher. That is the scenario I keep coming back to. Because the wild part is that the starting pieces already exist. RLUSD already has Treasury-eligible reserves. Scott Bessent already sees stablecoins as a potential source of Treasury demand. The GENIUS Act already created the regulatory direction. Ondo OUSG already exists on XRP Ledger. RLUSD already provides an entry and redemption path for that Treasury exposure. Ripple already committed $10 million to OpenEden Treasury products. Guggenheim Treasury Services already has Treasury-secured fixed income on XRPL. BNY already sits behind RLUSD reserve custody. Ripple already has Prime, Payments and Custody. So when YTN asks: “Buying U.S. Treasury Bonds with Crypto?” I do not read that as some distant fantasy anymore. I look at the infrastructure being built and think: What happens when the world's largest government debt market meets regulated stablecoins, tokenized securities and 24/7 blockchain settlement? And what happens if XRP Ledger becomes one of the rails carrying it? That is the part people should be thinking about. Because the real ripple:native thesis may not be about replacing the dollar at all. It may be about becoming the liquidity layer underneath a stronger, more digital dollar system. RLUSD can bring dollars onchain. Tokenized Treasuries can bring U.S. debt onchain. XRPL can become the marketplace and settlement layer. And ripple:native can connect that system to the rest of the world. If that scales into trillions, we are no longer talking about XRP as just another crypto asset. We are talking about ripple:native sitting inside the liquidity architecture connecting digital dollars, U.S. government debt, FX, collateral and global institutional capital. That is the scenario I am watching. You?
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What if the U.S. starts buying Treasury bonds with ripple:native or RLUSD and puts them on the XRP Ledger? South Korea’s YTN just asked a question that sounds wild at first: “Buying U.S. Treasury Bonds with Crypto?” But when I started connecting it with what Scott Bessent, Ripple, RLUSD and the XRP Ledger are already doing, this stopped looking like some random crypto theory. The pieces are already sitting right in front of us. The United States has now crossed roughly $40 trillion in federal debt. That means the government constantly needs buyers for enormous amounts of Treasury securities. Not once. Again and again. Old debt matures. New debt gets issued. Short-term bills need buyers. Interest keeps getting paid. The whole system depends on keeping demand for U.S. government debt strong. And this is exactly where stablecoins suddenly become much more important than most people realize. Scott Bessent has already talked about stablecoins creating more demand for U.S. Treasuries. The logic is actually simple. A regulated dollar stablecoin needs real assets behind it. Under the GENIUS Act framework, stablecoins are backed 1:1 by eligible high-quality reserves such as cash, short-term Treasuries, Treasury-backed repo and government money-market funds. So when stablecoins grow, their reserve pools grow too. And when those reserves include Treasury bills, stablecoin adoption can create another source of demand for U.S. government debt. That means crypto growth does not have to weaken the dollar. It can actually create another global buyer base for dollar assets. That completely changes how I look at RLUSD. RLUSD is not just another dollar token sitting beside USDC and other stablecoins. Ripple’s own RLUSD reserve structure already allows short-term U.S. Treasury bills with three months or less remaining maturity, overnight reverse repos backed by Treasuries, U.S. government money-market funds and bank deposits. Think about what that means. If RLUSD grows, the pool of assets backing RLUSD grows. If RLUSD becomes a major institutional stablecoin, Ripple’s ecosystem can become a major holder of the same short-term government assets the U.S. Treasury needs constant demand for. Imagine RLUSD at $10 billion. Then $25 billion. Then $50 billion. Then $100 billion. The bigger the supply becomes, the bigger the reserve base behind it becomes. And part of that reserve base can be short-term U.S. government debt. That already gives Ripple a direct connection to the exact stablecoin-Treasury thesis Scott Bessent has been talking about. But this is where it gets even more interesting. Ripple is not stopping at Treasuries backing RLUSD. Treasuries themselves are already being brought onto the XRP Ledger. Ondo Finance launched OUSG on XRPL. OUSG gives qualified institutional investors exposure to short-term U.S. government Treasuries. And what can institutions use to mint and redeem that Treasury exposure on XRPL? RLUSD. That means this architecture already exists: RLUSD ↓ tokenized U.S. Treasury exposure ↓ OUSG ↓ XRP Ledger This is the part that really gets me. We are not imagining some future where Ripple eventually connects stablecoins with U.S. Treasuries. That connection is already being built. You have Treasury assets sitting behind the digital dollar. Then you also have Treasury products represented directly on the blockchain. And both can interact through the same ecosystem. That gives Ripple two different positions inside the Treasury market. First: Treasuries can back RLUSD. Second: Treasuries can themselves be tokenized on XRPL. That means Ripple could potentially sit on both sides of a new digital Treasury market. Digital cash on one side. Digital U.S. government debt on the other. XRP Ledger between them. And ripple:native sitting underneath the network as the native asset and potential bridge between different pools of liquidity. That is a much bigger story than “Ripple has a stablecoin.” Ripple has also committed $10 million to OpenEden’s tokenized U.S. Treasury-bill product on XRPL. That tells me Ripple clearly understands where this is going. They are not waiting for tokenized Treasuries to become a trend. They have already put capital behind bringing those products directly onto XRP Ledger. Then you have Guggenheim Treasury Services. Ripple highlighted digital commercial paper administered by Guggenheim Treasury Services on XRPL. That instrument is secured by U.S. Treasuries and carries a Prime-1 Moody’s rating. Now step back and look at what is forming. RLUSD. Ondo OUSG. OpenEden Treasury bills. Guggenheim Treasury Services. Tokenized fixed income. Institutional custody. Ripple Prime. Ripple Payments. XRP Ledger. ripple:native. All of these pieces are starting to sit inside the same financial stack. That is why I think people are looking at the $40 trillion U.S. debt problem from the wrong angle when they only ask: “How will America ever pay this?” The more interesting question for me is: How will America keep finding buyers for trillions of dollars of government debt while modernizing the financial system at the same time? Stablecoins can help create buyers. Tokenization can help create distribution. Blockchain can help create 24/7 settlement. And Ripple is building in all three areas. Imagine how Treasury investing works for a normal global institution today. You may need banking relationships. Custody. Brokerage. Settlement infrastructure. Different accounts. Different systems. Different operating hours. Now imagine Treasury exposure existing directly on XRPL. The investor can hold RLUSD. Move into tokenized Treasury exposure. Redeem back into RLUSD. Move the dollar liquidity somewhere else. Do it around the clock. That is a completely different experience. Treasuries stop being something that only sits inside old databases. They become programmable financial assets. That matters because America does not just need Treasuries to exist. America needs Treasuries to remain attractive. Liquid. Easy to buy. Easy to hold. Easy to use. Easy to move. And eventually, easy to use as collateral. That is where tokenization becomes much bigger than simply putting a bond onchain. Imagine buying a tokenized Treasury and then using it as collateral. Borrowing against it. Moving it between institutions. Settling it against digital dollars. Redeploying that liquidity instantly. Now a Treasury is no longer just something you buy and wait for. It becomes a working financial asset. And the more useful Treasuries become, the more reasons global institutions have to hold them. This is why the XRP Ledger piece matters. XRPL can become infrastructure where those assets move. RLUSD can become the digital cash side. Then ripple:native can become the neutral liquidity layer between all the different assets and currencies touching that network. Because the future XRPL does not have to contain only RLUSD and Treasury products. Imagine it contains: RLUSD. Tokenized Treasuries. EUR stablecoins. MXN stablecoins. Tokenized deposits. Money-market funds. Commercial paper. Foreign government debt. Private credit. Different institutions will hold different assets. Different countries will use different currencies. That creates a liquidity problem. You cannot expect every possible asset pair to have a massive direct market. A Japanese institution may start with yen liquidity. A European institution may need euros. A Mexican institution may need pesos. A U.S. institution may need RLUSD. A Treasury fund may need to move into cash. This is where ripple:native becomes much more interesting. XRP can potentially sit in the middle as the bridge. Asset A → ripple:native → Asset B. So imagine a Japanese bank wants $1 billion worth of tokenized U.S. Treasury exposure. It starts with Japanese liquidity. The route could eventually become: JPY ↓ ripple:native ↓ RLUSD ↓ tokenized Treasury Then later that institution wants to exit. Tokenized Treasury ↓ RLUSD ↓ ripple:native ↓ JPY Now imagine the same thing happening from Europe. -South Korea. -Singapore. -Hong Kong. -UAE. -Mexico. -Brazil. The United States gets another global distribution channel for its debt. Ripple gets institutional activity. XRPL gets settlement volume. RLUSD gets dollar demand. And ripple:native can become part of the liquidity connecting all of those markets. That is where this gets much bigger than payments. Because once tokenized Treasuries become collateral, you are no longer only talking about buying and selling government debt. You are talking about credit. -Repo. -Margin. -Working capital. -Liquidity management. -Treasury management. -Institutional trading. Imagine a company holds $2 billion in tokenized Treasuries on XRPL. It suddenly needs $500 million of liquidity. Instead of selling everything and moving through multiple systems, it uses the Treasury position as collateral. Receives RLUSD. Then converts part of that liquidity into another currency through ripple:native. Now ripple:native is sitting in the middle of: -money -government debt -FX -credit -collateral That is a completely different role from people simply trading XRP on an exchange. And Ripple has been building the institutional infrastructure around that role. Ripple Prime gives Ripple a connection into professional capital markets. Ripple Custody gives institutions infrastructure for holding digital assets. Ripple Payments handles movement. RLUSD provides regulated dollar liquidity. XRPL handles tokenization and settlement. ripple:native sits natively underneath the ledger. When I put all of that beside what Scott Bessent is saying about stablecoins and Treasuries, I cannot ignore the alignment. The U.S. wants stronger global demand for dollars. Stablecoins can extend dollars onto digital rails. The U.S. wants buyers for Treasury bills. Stablecoin reserves can become buyers. The U.S. wants more efficient capital markets. Tokenized Treasuries can make those assets easier to move and use. Ripple already has a regulated stablecoin. RLUSD already has Treasury-eligible reserve assets. XRPL already has tokenized Treasury products. RLUSD already interacts with OUSG. Ripple has already backed OpenEden Treasury infrastructure. Guggenheim Treasury Services already has Treasury-secured digital commercial paper on XRPL. This is not one random announcement. It is a system starting to form. And there is another point I think is being missed. The bullish XRP thesis does not require the U.S. dollar to fail. I actually think the opposite scenario is much stronger. Imagine the dollar becomes even more dominant because regulated stablecoins make it easier for anyone in the world to hold and move digital dollars. Those stablecoins create more demand for U.S. Treasuries. Treasuries themselves become tokenized. Global investors buy them 24/7. And ripple:native becomes one of the liquidity assets connecting those digital dollars and Treasury products to currencies around the world. In that world: the dollar wins. Treasuries win. Ripple wins. XRPL wins. And ripple:native gets a much bigger liquidity role. That is why the GENIUS Act matters here too. The framework is pushing stablecoins toward regulated 1:1 reserve structures. Bessent has talked about stablecoins strengthening dollar dominance. Ripple already has RLUSD. RLUSD is issued through a New York-regulated structure. BNY is the primary custodian for RLUSD reserves. That is serious financial infrastructure. It means Ripple is not building some completely separate parallel monetary system. It is building directly around the same regulated dollar and Treasury framework Washington is encouraging. And that is what makes this thesis so powerful to me. The path does not need to be: America abandons the dollar. America adopts XRP. That sounds unrealistic and honestly misses the point. The much bigger setup is: America keeps the dollar. America keeps Treasuries. Stablecoins make the dollar more digital. Tokenization makes Treasuries more accessible. Ripple builds the infrastructure around both. And ripple:native connects them to the rest of the global financial system. That is a completely different level of adoption. Now take this to the highly bullish scenario. Imagine the global stablecoin market reaches $3 trillion. RLUSD becomes one of the major institutional stablecoins. Maybe it reaches $100 billion or more in circulation. That means an enormous reserve pool exists behind it. Part of that reserve base holds short-term Treasury securities, Treasury-backed repo and government money-market instruments. Ripple becomes a major private-sector participant in short-term U.S. government debt demand. At the same time, tokenized Treasury products on XRPL grow from where they are today into tens of billions. Then hundreds of billions. Global asset managers start holding Treasury exposure directly on XRPL. Banks use RLUSD to enter and exit those positions. Treasuries get used as collateral. Institutions borrow against them. Ripple Prime connects the professional market. Ripple Custody holds the assets. XRPL settles them. Then currencies from around the world need to enter and exit that system. That is where ripple:native can explode in importance. Market makers need XRP inventory. Liquidity providers need deeper XRP books. Banks need larger settlement capacity. More XRP sits inside institutional liquidity operations. The amount of financial value that needs to move through the system keeps increasing. And suddenly the market has to ask a very different question: Is the current dollar value of ripple:native large enough to provide liquidity for this kind of financial system? Imagine $100 billion of tokenized Treasuries. Then $500 billion. Then trillions of tokenized fixed income across XRPL and connected markets. Imagine RLUSD at $100 billion. Imagine global currencies continuously moving in and out. At that point, the amount of liquidity required looks nothing like today's crypto market. A higher ripple:native price means every unit can represent more dollar value. That gives liquidity providers more settlement capacity without needing absurd quantities of XRP for every transaction. That is why I see price and liquidity eventually becoming connected. The bigger the financial system that XRP is asked to connect, the deeper the dollar value of XRP liquidity needs to become. The full loop could look like this: U.S. debt keeps growing ↓ Treasury needs more buyers ↓ stablecoins expand ↓ stablecoin issuers buy more short-term Treasury assets ↓ RLUSD grows ↓ Treasury products become tokenized ↓ XRPL captures more of those assets ↓ global investors enter through RLUSD ↓ more global currencies connect ↓ ripple:native bridges fragmented liquidity ↓ market makers need more XRP inventory ↓ Ripple Prime expands institutional liquidity ↓ XRPL becomes deeper financial infrastructure ↓ ripple:native represents more value inside that system ↓ price reprices higher. That is the scenario I keep coming back to. Because the wild part is that the starting pieces already exist. RLUSD already has Treasury-eligible reserves. Scott Bessent already sees stablecoins as a potential source of Treasury demand. The GENIUS Act already created the regulatory direction. Ondo OUSG already exists on XRP Ledger. RLUSD already provides an entry and redemption path for that Treasury exposure. Ripple already committed $10 million to OpenEden Treasury products. Guggenheim Treasury Services already has Treasury-secured fixed income on XRPL. BNY already sits behind RLUSD reserve custody. Ripple already has Prime, Payments and Custody. So when YTN asks: “Buying U.S. Treasury Bonds with Crypto?” I do not read that as some distant fantasy anymore. I look at the infrastructure being built and think: What happens when the world's largest government debt market meets regulated stablecoins, tokenized securities and 24/7 blockchain settlement? And what happens if XRP Ledger becomes one of the rails carrying it? That is the part people should be thinking about. Because the real ripple:native thesis may not be about replacing the dollar at all. It may be about becoming the liquidity layer underneath a stronger, more digital dollar system. RLUSD can bring dollars onchain. Tokenized Treasuries can bring U.S. debt onchain. XRPL can become the marketplace and settlement layer. And ripple:native can connect that system to the rest of the world. If that scales into trillions, we are no longer talking about XRP as just another crypto asset. We are talking about ripple:native sitting inside the liquidity architecture connecting digital dollars, U.S. government debt, FX, collateral and global institutional capital. That is the scenario I am watching. You?

X Finance Bull

237,949 Aufrufe • vor 1 Monat

🚨🚨🚨If you hold $XRP, stellar:native, hedera-hashgraph:native or other U.S.-rooted digital assets, you do NOT want to miss this CLARITY Act update. Washington just put an actual clock on crypto market structure. Patrick Witt, the Executive Director of the Presidential Council of Advisors for Digital Assets, made it clear in his latest Semafor interview that the current political window is unusually important. His message was simple: years of work have already gone into this bill, the gap between both parties has narrowed, and once the November midterms arrive, passing something this large becomes much harder. Then came the date that everyone holding these assets should know: September 15, 2026 That is when the Senate cloture motion on H.R. 3633, the Digital Asset Market Clarity Act, ripens. This is not final passage. It is the procedural vote needed to move the legislation forward in the Senate. But if that hurdle clears, Washington moves into the next stage of the bill instead of leaving market structure stuck in political limbo. And this is why I think $XRP, stellar:native and hedera-hashgraph:native deserve a completely different conversation around this vote. Because Washington has already told us something huge about all three. Back on March 17, 2026, the SEC and CFTC explicitly named XRP, Stellar XLM and Hedera HBAR as examples of digital commodities. Read that carefully. The argument is no longer starting from: “Will Washington eventually decide what these assets are?” The agencies have already placed them in the digital-commodity category. The missing piece is turning that regulatory direction into a durable federal market structure covering the actual financial system around them. That is what CLARITY is trying to do. And this bill is much further along than people realize. The House already passed CLARITY on July 17, 2025 by 294–134, with 78 Democrats voting for it. Then the Senate Banking Committee advanced its version on May 14, 2026 by 15–9. Senator Cynthia Lummis released the combined Banking and Agriculture Committee text on July 22. That created the current 616-page Senate substitute. So we have already moved through House passage, committee work, a merged Senate framework and now into a Senate floor procedural vote. Patrick Witt calling this the moment to act makes much more sense when you see how far the legislation has already travelled. And I think people are underestimating what the legislation actually deals with. This is not a bill that simply stamps “commodity” onto a few cryptocurrencies and walks away. It lays out federal rules around digital-commodity exchanges, brokers, dealers, qualified custody, bank activity, distributed-ledger recordkeeping, tokenized securities, self-custody, software developers, portfolio margining and regulatory sandboxes. That matters far more to me than another headline saying Washington is “crypto friendly.” Because the real institutional bottleneck has always been the operating questions. 👉Who regulates the spot market? 👉What can a bank hold? 👉What can a broker trade? 👉How does custody work? 👉Can a bank use a public distributed ledger? 👉How should tokenized securities operate? Can existing financial institutions plug digital commodities into products they already offer? CLARITY is designed to put actual federal structure around those questions. And one provision jumps off the page when you compare it with what Ripple, Stellar and Hedera have spent years building. The Senate framework says a national bank may use digital assets or distributed-ledger systems for activities, products and services it is otherwise legally authorized to provide. That sentence could have enormous consequences. Think about the difference between a bank asking: “Are we even allowed to touch this technology?” and a bank asking: “Which network should we use?” That is a massive shift in the commercial conversation. And $XRP, stellar:native and hedera-hashgraph:native already have ecosystems aimed directly at the second question. That is what gets me bullish. The law would not need to invent their institutional use cases. Those use cases are already being built. Start with $XRP. No large U.S.-associated crypto asset has carried a regulatory scar quite like XRP. Ripple was sued by the SEC in 2020. Years of uncertainty followed. Then the district court concluded that XRP itself was not inherently a security, Ripple's programmatic XRP sales were not securities transactions, and certain direct institutional sales were treated differently. The litigation reached a final judgment in 2024. Ripple and the SEC dismissed their appeals in August 2025. Then March 2026 arrives and XRP appears directly in the SEC/CFTC digital-commodity interpretation. Now add the latest Senate language. Section 10105 addresses digital-asset transactions that already received a non-appealable final federal court judgment finding that the transaction was not an offer, sale or distribution of a security. That provision has obvious relevance to XRP's history. So XRP is entering this CLARITY debate with something very few assets possess: a completed federal court record, an agency digital-commodity classification, and proposed legislation that specifically acknowledges the significance of prior final court judgments. That changes the entire framing around XRP. For years, XRP had to carry the question of regulatory survival. The next chapter can increasingly become about scale. How much regulated liquidity can XRP attract? How deeply can it enter payments? How much institutional FX can use it? How much tokenized finance can XRPL support? How much liquidity can Ripple Prime bring into the broader ecosystem? Those are much better questions for holders than endlessly debating whether XRP itself should exist inside U.S. markets. And Ripple has not been sitting still waiting for Congress. Its 2026 institutional strategy describes XRP utility across payments, liquidity and credit. Ripple Prime now clears more than $3 trillion annually across markets for 300+ institutional customers. Its U.S. prime-brokerage infrastructure supports XRP and RLUSD alongside broader institutional trading activity. Ripple Prime also raised $275 million in investment-grade senior notes to expand its U.S. business. Ripple has RLUSD. 👉It has payments. 👉It has custody. 👉It has tokenization infrastructure. 👉It has treasury infrastructure. 👉It has institutional liquidity infrastructure. 👉It has onchain credit development. That is why the timing is so important. Imagine if Ripple had to begin building all of that after regulatory clarity arrived. It would still be years away from institutional scale. Instead, much of the machinery already exists before Congress finishes writing the rules. That is a fundamentally stronger setup. Then there is stellar:native. Stellar has a different regulatory story, but the fit with CLARITY may be just as powerful. The Stellar Development Foundation, led by Denelle Dixon, has been asking Washington for clear digital-commodity rules for years. Dixon previously described regulatory clarity before the Senate Agriculture Committee as existential to building responsibly and bringing established institutions into blockchain. Fast-forward to September 2026. The SEC/CFTC explicitly lists XLM as a digital commodity. Stellar has roughly $4 billion of real-world assets on the network according to SDF's current update. Stablecoin transfer volume reached $11.4 billion in Q2, up 72% quarter over quarter. And then U.S. Bank did something that perfectly explains why CLARITY matters. On September 9, U.S. Bank completed its first pilot transaction using USBDC, its proprietary dollar-backed stablecoin, on Stellar. The bank moved that digital money between its own entities in North America and Europe. This wasn't separated from normal bank infrastructure. The transaction remained connected to U.S. Bank's existing finance, risk, compliance and operational systems. The pilot tested minting, payment, redemption, freezing and clawback. And U.S. Bank and SDF are already evaluating additional areas including liquidity management, collateral mobility and cross-border treasury operations. That is one of the cleanest examples I can think of. A major American bank is already testing proprietary bank money on Stellar. At the same time, Congress is debating legislation saying national banks can use digital assets and distributed ledgers for financial activities they are otherwise permitted to perform. The technology is already there. The bank is already testing it. The legislation is trying to create a clearer statutory environment around the activity. That is why I don't view CLARITY as the beginning of Stellar's institutional thesis. It could become the legal framework catching up to something that is already happening. Then there is DTCC. DTC's Tokenization Service plans to connect tokenized DTC-custodied assets to Stellar in the first half of 2027. The asset classes being evaluated include U.S. Treasury bills, notes and bonds, major-index ETFs and Russell 1000 securities. CLARITY separately addresses how tokenized securities can operate while remaining subject to securities law. Put those two developments together and the significance becomes obvious. Stellar's institutional story is increasingly about bank money on one side and tokenized capital markets on the other. XLM sits natively underneath that network through fees, reserves and network liquidity. That is exactly the kind of environment that becomes more valuable when financial institutions have a durable rulebook. Then look at hedera-hashgraph:native. This connection gets even more specific. Patrick Witt himself participated at HederaCon 2026 in the closing fireside chat titled “Policy Meets Innovation: Clarity over Chaos.” He was literally discussing what CLARITY could mean for institutional adoption and U.S. digital assets inside the Hedera ecosystem. Then consider what Hedera already has in place. HBAR was explicitly listed by the SEC/CFTC as a digital commodity. The Canary HBAR ETF, HBR, trades on Nasdaq and directly holds HBAR. Its structure includes BitGo Bank & Trust and Archax as HBAR custodians and U.S. Bank as cash custodian. So regulated public-market access already exists. Then you have the enterprise side. Lloyds Banking Group, Aberdeen Investments and Archax have already executed FX trades using tokenized money-market funds and UK gilts on Hedera as collateral. Aberdeen manages around £500 billion. Archax has also launched real-time streaming cash flows for tokenized securities on Hedera using USDC. Wyoming's FRNT, described in the context as the first U.S. state-issued stable token, is live on Hedera. Hedera Stablecoin Studio is built around banks, tokenized deposits, regulated stablecoins and financial institutions. Again, CLARITY does not need to create Hedera's institutional market. Hedera already has banks, regulated tokenization, stablecoin infrastructure, exchange-traded HBAR access and public-sector digital money activity around the network. The proposed federal framework could make it easier for more institutions to engage with that infrastructure from inside established banking and capital-market rules. That is why these three assets feel so different from the average altcoin around this vote. All three are already standing inside the categories Washington is trying to formalize. XRP is sitting inside payments, liquidity, prime brokerage and tokenized finance. XLM is sitting inside stablecoins, bank money, tokenized securities and cross-border settlement. HBAR is sitting inside regulated tokenization, bank-facing DLT infrastructure, digital cash and collateral markets. And all three are already named by federal regulators as digital commodities. That combination is incredibly important. People call XRP, XLM and HBAR “Made in America” coins all the time. That phrase is not a legal CLARITY category. Congress is not giving an asset special treatment because it has American roots. The stronger story is far better anyway. Ripple was founded in the U.S. The Stellar Development Foundation is a Delaware nonprofit. The Hedera Council is a Delaware LLC. And their native assets already sit inside the same federal digital-commodity interpretation. So if the market starts searching for an informal American digital-infrastructure basket after CLARITY advances, I can understand exactly why these names would come up. Not because of a slogan. Because their infrastructure already overlaps with the financial activities being addressed by the legislation. And there is another layer here that I think crypto investors often miss. Regulatory clarity doesn't only affect traders. It affects compliance departments. 👉Bank boards. 👉Risk committees. 👉Custodians. 👉Broker-dealers. 👉ETF issuers. 👉Prime brokers. 👉Asset managers. 👉Market makers. 👉Corporate treasurers. Those institutions don't need a viral tweet to decide where billions of dollars can go. They need legal language their lawyers can map against their operations. That is where legislation can change behavior. An agency interpretation can be important. A congressional statute can become much harder to reverse. That distinction is exactly why CLARITY can matter even though XRP, XLM and HBAR already have the digital-commodity designation today. March gave them classification. CLARITY can help build the permanent market around that classification. And the wider Trump administration policy direction already lines up with it. The May 19 executive order says federal regulation should allow digital assets and innovative technology to integrate into traditional financial services and payment systems. The White House digital-assets report supports clearer CFTC authority over spot non-security digital assets, custody, trading, DeFi, tokenization, stablecoins and blockchain activity by banks. The policy path is beginning to look coherent: GENIUS Act for stablecoins. SEC/CFTC interpretation for asset taxonomy. The banking executive order for integration into traditional finance. CLARITY for the broader market structure. That is a very different Washington than the one XRP holders were dealing with several years ago. And Patrick Witt is now saying there is a political window to finish the job. He would not attach himself to Senator Cynthia Lummis' specific 2030 warning. But his reasoning was clear. The November midterms can change congressional math. Lame-duck periods are difficult. Major legislation gets harder as an administration gets older. That is why September 15 deserves attention. Again, it is not final passage. But clearing the cloture hurdle would mean the Senate has enough support to proceed despite months of negotiation. For XRP, XLM and HBAR, the significance is not a one-day candle. The significance is what happens if their institutional ecosystems finally operate under a durable statutory framework. For $XRP, that could push the conversation even further away from years of SEC uncertainty and toward institutional scale through Ripple Prime, RLUSD, payments, FX, tokenization and credit. For stellar:native, it could give U.S. Bank's stablecoin work, DTCC's upcoming Stellar connection and the network's growing RWA market a clearer U.S. path. For hedera-hashgraph:native, it could support exactly the bank-DLT and regulated-tokenization environment Hedera has spent years preparing for. And there is even a second policy route in Witt's interview. He said that if Congress does not complete the legislation, the administration intends to push an aggressive SEC and CFTC rulemaking agenda. That means these assets are entering the next stage from a position where the agencies have already placed all three inside the digital-commodity category. I still prefer the congressional route because statute is the bigger prize. But either way, U.S. policy is moving deeper into the question of how these markets should actually operate. That is why I see September 15 differently. It isn't simply another crypto vote. It is a test of whether the United States is ready to move from classifying digital assets to building the financial market around them. And XRP, XLM and HBAR do not need to wait around hoping someone builds infrastructure afterward. The infrastructure is already there. The law is finally trying to catch up. If that happens, the next phase for these assets won't be about proving they belong in American finance. It will be about seeing how much of American finance can actually run through the systems already built around them.
1:24

🚨🚨🚨If you hold $XRP, stellar:native, hedera-hashgraph:native or other U.S.-rooted digital assets, you do NOT want to miss this CLARITY Act update. Washington just put an actual clock on crypto market structure. Patrick Witt, the Executive Director of the Presidential Council of Advisors for Digital Assets, made it clear in his latest Semafor interview that the current political window is unusually important. His message was simple: years of work have already gone into this bill, the gap between both parties has narrowed, and once the November midterms arrive, passing something this large becomes much harder. Then came the date that everyone holding these assets should know: September 15, 2026 That is when the Senate cloture motion on H.R. 3633, the Digital Asset Market Clarity Act, ripens. This is not final passage. It is the procedural vote needed to move the legislation forward in the Senate. But if that hurdle clears, Washington moves into the next stage of the bill instead of leaving market structure stuck in political limbo. And this is why I think $XRP, stellar:native and hedera-hashgraph:native deserve a completely different conversation around this vote. Because Washington has already told us something huge about all three. Back on March 17, 2026, the SEC and CFTC explicitly named XRP, Stellar XLM and Hedera HBAR as examples of digital commodities. Read that carefully. The argument is no longer starting from: “Will Washington eventually decide what these assets are?” The agencies have already placed them in the digital-commodity category. The missing piece is turning that regulatory direction into a durable federal market structure covering the actual financial system around them. That is what CLARITY is trying to do. And this bill is much further along than people realize. The House already passed CLARITY on July 17, 2025 by 294–134, with 78 Democrats voting for it. Then the Senate Banking Committee advanced its version on May 14, 2026 by 15–9. Senator Cynthia Lummis released the combined Banking and Agriculture Committee text on July 22. That created the current 616-page Senate substitute. So we have already moved through House passage, committee work, a merged Senate framework and now into a Senate floor procedural vote. Patrick Witt calling this the moment to act makes much more sense when you see how far the legislation has already travelled. And I think people are underestimating what the legislation actually deals with. This is not a bill that simply stamps “commodity” onto a few cryptocurrencies and walks away. It lays out federal rules around digital-commodity exchanges, brokers, dealers, qualified custody, bank activity, distributed-ledger recordkeeping, tokenized securities, self-custody, software developers, portfolio margining and regulatory sandboxes. That matters far more to me than another headline saying Washington is “crypto friendly.” Because the real institutional bottleneck has always been the operating questions. 👉Who regulates the spot market? 👉What can a bank hold? 👉What can a broker trade? 👉How does custody work? 👉Can a bank use a public distributed ledger? 👉How should tokenized securities operate? Can existing financial institutions plug digital commodities into products they already offer? CLARITY is designed to put actual federal structure around those questions. And one provision jumps off the page when you compare it with what Ripple, Stellar and Hedera have spent years building. The Senate framework says a national bank may use digital assets or distributed-ledger systems for activities, products and services it is otherwise legally authorized to provide. That sentence could have enormous consequences. Think about the difference between a bank asking: “Are we even allowed to touch this technology?” and a bank asking: “Which network should we use?” That is a massive shift in the commercial conversation. And $XRP, stellar:native and hedera-hashgraph:native already have ecosystems aimed directly at the second question. That is what gets me bullish. The law would not need to invent their institutional use cases. Those use cases are already being built. Start with $XRP. No large U.S.-associated crypto asset has carried a regulatory scar quite like XRP. Ripple was sued by the SEC in 2020. Years of uncertainty followed. Then the district court concluded that XRP itself was not inherently a security, Ripple's programmatic XRP sales were not securities transactions, and certain direct institutional sales were treated differently. The litigation reached a final judgment in 2024. Ripple and the SEC dismissed their appeals in August 2025. Then March 2026 arrives and XRP appears directly in the SEC/CFTC digital-commodity interpretation. Now add the latest Senate language. Section 10105 addresses digital-asset transactions that already received a non-appealable final federal court judgment finding that the transaction was not an offer, sale or distribution of a security. That provision has obvious relevance to XRP's history. So XRP is entering this CLARITY debate with something very few assets possess: a completed federal court record, an agency digital-commodity classification, and proposed legislation that specifically acknowledges the significance of prior final court judgments. That changes the entire framing around XRP. For years, XRP had to carry the question of regulatory survival. The next chapter can increasingly become about scale. How much regulated liquidity can XRP attract? How deeply can it enter payments? How much institutional FX can use it? How much tokenized finance can XRPL support? How much liquidity can Ripple Prime bring into the broader ecosystem? Those are much better questions for holders than endlessly debating whether XRP itself should exist inside U.S. markets. And Ripple has not been sitting still waiting for Congress. Its 2026 institutional strategy describes XRP utility across payments, liquidity and credit. Ripple Prime now clears more than $3 trillion annually across markets for 300+ institutional customers. Its U.S. prime-brokerage infrastructure supports XRP and RLUSD alongside broader institutional trading activity. Ripple Prime also raised $275 million in investment-grade senior notes to expand its U.S. business. Ripple has RLUSD. 👉It has payments. 👉It has custody. 👉It has tokenization infrastructure. 👉It has treasury infrastructure. 👉It has institutional liquidity infrastructure. 👉It has onchain credit development. That is why the timing is so important. Imagine if Ripple had to begin building all of that after regulatory clarity arrived. It would still be years away from institutional scale. Instead, much of the machinery already exists before Congress finishes writing the rules. That is a fundamentally stronger setup. Then there is stellar:native. Stellar has a different regulatory story, but the fit with CLARITY may be just as powerful. The Stellar Development Foundation, led by Denelle Dixon, has been asking Washington for clear digital-commodity rules for years. Dixon previously described regulatory clarity before the Senate Agriculture Committee as existential to building responsibly and bringing established institutions into blockchain. Fast-forward to September 2026. The SEC/CFTC explicitly lists XLM as a digital commodity. Stellar has roughly $4 billion of real-world assets on the network according to SDF's current update. Stablecoin transfer volume reached $11.4 billion in Q2, up 72% quarter over quarter. And then U.S. Bank did something that perfectly explains why CLARITY matters. On September 9, U.S. Bank completed its first pilot transaction using USBDC, its proprietary dollar-backed stablecoin, on Stellar. The bank moved that digital money between its own entities in North America and Europe. This wasn't separated from normal bank infrastructure. The transaction remained connected to U.S. Bank's existing finance, risk, compliance and operational systems. The pilot tested minting, payment, redemption, freezing and clawback. And U.S. Bank and SDF are already evaluating additional areas including liquidity management, collateral mobility and cross-border treasury operations. That is one of the cleanest examples I can think of. A major American bank is already testing proprietary bank money on Stellar. At the same time, Congress is debating legislation saying national banks can use digital assets and distributed ledgers for financial activities they are otherwise permitted to perform. The technology is already there. The bank is already testing it. The legislation is trying to create a clearer statutory environment around the activity. That is why I don't view CLARITY as the beginning of Stellar's institutional thesis. It could become the legal framework catching up to something that is already happening. Then there is DTCC. DTC's Tokenization Service plans to connect tokenized DTC-custodied assets to Stellar in the first half of 2027. The asset classes being evaluated include U.S. Treasury bills, notes and bonds, major-index ETFs and Russell 1000 securities. CLARITY separately addresses how tokenized securities can operate while remaining subject to securities law. Put those two developments together and the significance becomes obvious. Stellar's institutional story is increasingly about bank money on one side and tokenized capital markets on the other. XLM sits natively underneath that network through fees, reserves and network liquidity. That is exactly the kind of environment that becomes more valuable when financial institutions have a durable rulebook. Then look at hedera-hashgraph:native. This connection gets even more specific. Patrick Witt himself participated at HederaCon 2026 in the closing fireside chat titled “Policy Meets Innovation: Clarity over Chaos.” He was literally discussing what CLARITY could mean for institutional adoption and U.S. digital assets inside the Hedera ecosystem. Then consider what Hedera already has in place. HBAR was explicitly listed by the SEC/CFTC as a digital commodity. The Canary HBAR ETF, HBR, trades on Nasdaq and directly holds HBAR. Its structure includes BitGo Bank & Trust and Archax as HBAR custodians and U.S. Bank as cash custodian. So regulated public-market access already exists. Then you have the enterprise side. Lloyds Banking Group, Aberdeen Investments and Archax have already executed FX trades using tokenized money-market funds and UK gilts on Hedera as collateral. Aberdeen manages around £500 billion. Archax has also launched real-time streaming cash flows for tokenized securities on Hedera using USDC. Wyoming's FRNT, described in the context as the first U.S. state-issued stable token, is live on Hedera. Hedera Stablecoin Studio is built around banks, tokenized deposits, regulated stablecoins and financial institutions. Again, CLARITY does not need to create Hedera's institutional market. Hedera already has banks, regulated tokenization, stablecoin infrastructure, exchange-traded HBAR access and public-sector digital money activity around the network. The proposed federal framework could make it easier for more institutions to engage with that infrastructure from inside established banking and capital-market rules. That is why these three assets feel so different from the average altcoin around this vote. All three are already standing inside the categories Washington is trying to formalize. XRP is sitting inside payments, liquidity, prime brokerage and tokenized finance. XLM is sitting inside stablecoins, bank money, tokenized securities and cross-border settlement. HBAR is sitting inside regulated tokenization, bank-facing DLT infrastructure, digital cash and collateral markets. And all three are already named by federal regulators as digital commodities. That combination is incredibly important. People call XRP, XLM and HBAR “Made in America” coins all the time. That phrase is not a legal CLARITY category. Congress is not giving an asset special treatment because it has American roots. The stronger story is far better anyway. Ripple was founded in the U.S. The Stellar Development Foundation is a Delaware nonprofit. The Hedera Council is a Delaware LLC. And their native assets already sit inside the same federal digital-commodity interpretation. So if the market starts searching for an informal American digital-infrastructure basket after CLARITY advances, I can understand exactly why these names would come up. Not because of a slogan. Because their infrastructure already overlaps with the financial activities being addressed by the legislation. And there is another layer here that I think crypto investors often miss. Regulatory clarity doesn't only affect traders. It affects compliance departments. 👉Bank boards. 👉Risk committees. 👉Custodians. 👉Broker-dealers. 👉ETF issuers. 👉Prime brokers. 👉Asset managers. 👉Market makers. 👉Corporate treasurers. Those institutions don't need a viral tweet to decide where billions of dollars can go. They need legal language their lawyers can map against their operations. That is where legislation can change behavior. An agency interpretation can be important. A congressional statute can become much harder to reverse. That distinction is exactly why CLARITY can matter even though XRP, XLM and HBAR already have the digital-commodity designation today. March gave them classification. CLARITY can help build the permanent market around that classification. And the wider Trump administration policy direction already lines up with it. The May 19 executive order says federal regulation should allow digital assets and innovative technology to integrate into traditional financial services and payment systems. The White House digital-assets report supports clearer CFTC authority over spot non-security digital assets, custody, trading, DeFi, tokenization, stablecoins and blockchain activity by banks. The policy path is beginning to look coherent: GENIUS Act for stablecoins. SEC/CFTC interpretation for asset taxonomy. The banking executive order for integration into traditional finance. CLARITY for the broader market structure. That is a very different Washington than the one XRP holders were dealing with several years ago. And Patrick Witt is now saying there is a political window to finish the job. He would not attach himself to Senator Cynthia Lummis' specific 2030 warning. But his reasoning was clear. The November midterms can change congressional math. Lame-duck periods are difficult. Major legislation gets harder as an administration gets older. That is why September 15 deserves attention. Again, it is not final passage. But clearing the cloture hurdle would mean the Senate has enough support to proceed despite months of negotiation. For XRP, XLM and HBAR, the significance is not a one-day candle. The significance is what happens if their institutional ecosystems finally operate under a durable statutory framework. For $XRP, that could push the conversation even further away from years of SEC uncertainty and toward institutional scale through Ripple Prime, RLUSD, payments, FX, tokenization and credit. For stellar:native, it could give U.S. Bank's stablecoin work, DTCC's upcoming Stellar connection and the network's growing RWA market a clearer U.S. path. For hedera-hashgraph:native, it could support exactly the bank-DLT and regulated-tokenization environment Hedera has spent years preparing for. And there is even a second policy route in Witt's interview. He said that if Congress does not complete the legislation, the administration intends to push an aggressive SEC and CFTC rulemaking agenda. That means these assets are entering the next stage from a position where the agencies have already placed all three inside the digital-commodity category. I still prefer the congressional route because statute is the bigger prize. But either way, U.S. policy is moving deeper into the question of how these markets should actually operate. That is why I see September 15 differently. It isn't simply another crypto vote. It is a test of whether the United States is ready to move from classifying digital assets to building the financial market around them. And XRP, XLM and HBAR do not need to wait around hoping someone builds infrastructure afterward. The infrastructure is already there. The law is finally trying to catch up. If that happens, the next phase for these assets won't be about proving they belong in American finance. It will be about seeing how much of American finance can actually run through the systems already built around them.

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