Private dinner with 14 institutional players in New York reveals quiet momentum in crypto despite regulatory setbacks.
Key signals:
Institutions are secretly building digital asset capabilities even after the Clarity Act failed. Public silence, private action.
Trading desks see fresh opportunities arbitraging between crypto, tokenized assets, and traditional finance instruments.
Institutional strategy: mix directional $BTC exposure via ETFs with absolute return plays through active managers.
DeFi still on radar but risk-reward calculus doesn't pencil out for most institutions yet.
Digital asset treasuries (DATs) pivoting—buying cash flow businesses and optimizing balance sheets while markets ignore them.
Consensus view: worst of bear market likely over. Major developments happening under the radar that matter long-term.
Next gathering: Singapore, next month.
Key signals:
Institutions are secretly building digital asset capabilities even after the Clarity Act failed. Public silence, private action.
Trading desks see fresh opportunities arbitraging between crypto, tokenized assets, and traditional finance instruments.
Institutional strategy: mix directional $BTC exposure via ETFs with absolute return plays through active managers.
DeFi still on radar but risk-reward calculus doesn't pencil out for most institutions yet.
Digital asset treasuries (DATs) pivoting—buying cash flow businesses and optimizing balance sheets while markets ignore them.
Consensus view: worst of bear market likely over. Major developments happening under the radar that matter long-term.
Next gathering: Singapore, next month.
