1/ As the crypto bull market accelerates, builders, investors, and enjoyoors face a crucial question: what blockchain architecture will fuel the next wave of innovation? The answer is clear—purpose-built blockchains on @avax will lead the way. Here’s why. 👇 🔗 Full deep dive: medium.com/@ovwoude/swiss-ar…

Hosting our @avax breakfast in nyc the 29th, with panelists from @aave, @Securitize, @usat, Intrinsic Capital Learn about RWA utility on Avalanche… Who’s joining 👀

Onchain finance will win by offering better business outcomes.

According to earnings calls, instits are treating tokenization as an infra/capability build as opposed to waiting for perfect statutory clarity @GoldmanSachs multi-year GS DAP platform, tokenized bonds, mmfs, etc. are examples of building the rails first (even while describing volumes as small)

It's 2026 and sell-siders are telling @GoldmanSachs that tokenization could "nip a the core of [their] markets business" earnings calls are getting more interesting!

The caps for a TSV make low volume a design feature vs. a tell of demand; a sandbox with ceilings will look small by construction. The better inquiry for the next 12-24 mths is what the data show about price quality, settlement reliability, etc. as this info could alter the caps.

The leg up in cross-border payments has always been the network: branches, correspondent relationships, local licenses. On its Q3 earnings call, @WellsFargo pitched tokenized deposits as a way to compete w/o that intl footprint. If that works, the advantage gets a lot smaller.

Tokenization is how a bank w/o a global network competes on cross border payments @WellsFargo lacks the international branch network of its global peers. Their CFO described tokenized deposits as a way to reach the cross-border mkt “without having to make significant investments of putting people locally in a bunch of different places around the world.” If tokenized rails let a bank w/o a global footprint match 1 that has it, correspondent banking incumbents have the most to lose

Not surprised to see @WellsFargo bring up tokenized deposits in their Q3 earnings call remarks. “We believe tokenized deposits can deliver important benefits for the businesses we serve.” They’re another way for WFC to protect, grow its deposit base against competition from mmfs, fintechs, etc. Features (programmability, faster settlement) can make the bank’s deposits more sticky for corporate clients, which helps support growth w/o having to just compete on rates

How to fix invoice fraud? @avax blockchain Re: @FT article on flaws of the Greensill deal

The Innovation exemption’s issuer-protection mechanism is being actively used rather than ignored 9 companies have already objected (including Verizon, UnitedHealth/UNH, Broadcom/AVGO, CoreWeave, AppLovin, and others) of the original ~63-name OKXICE list

The @SECGov Innovation Exemption opened a path for 3rd-party platforms to offer tokenized stocks. It also gave every issuer a 30-day window to block its own listing with a single letter, & the largest names are using it. OKXICE is the 1st test case. 9 issuers have objected so far, including CoreWeave, Broadcom, Verizon, UnitedHealth Group, AppLovin, and Rocket Lab, and 8 of the 63 stocks in its original proposal are now off the table. I think the objections are rational: an unaffiliated, always on market in your shares sits outside your IR & shareholder communication channels... & management gets little in return for allowing it. My takeaway is that while infrastructure for tokenized equities is ready, what launches onchain will depend on which issuers stay silent, & that points toward issuer-sponsored models and the transfer agent as the stronger path for tokenized stocks. My breakdown below 👇

The @SECGov Innovation Exemption looks like a green light for 3rd-party tokenized stocks. In practice it hands every issuer a free veto, & so far, big names are using it.

Fission is solving the toughest challenge in tokenization: liquidity. Tokenized funds can move instantly onchain, but the underlying assets still redeem monthly or quarterly. Fission bridges that chasm, giving holders fast exits while it holds positions thru the redemption window... that mismatch is built into private credit/alternatives vs. being a temporary flaw. As more of these assets come onchain, the need for a liquidity layer like @FissionXYZ grows with them. Congrats to the team!

$305B in stablecoins, and most of it earns nothing. The fix: fintechs plug into ready-made vaults that connect USDC, USDT, and EURC to diversified RWAs, with daily liquidity and onchain transparency. As mentioned in the @AlliumLabs report, that’s what @OpenTrade is building on @avax !