Project Spotlight
Introduction Central banking has undergone three centuries of evolution, from the Bank of England's 1694 founding as a wartime government financier to today's sophisticated institutions managing monetary policy and nationwide financial stability. The Bank of England established the foundational public-private hybrid structure, pioneering exclusive banknote issuance
Project Spotlight
The Quest for Capital Efficiency Decentralized Finance (DeFi) exists as a global competitive arena where the relentless pursuit of higher yields and capital efficiency dictates the flow of assets. In this environment, the most successful protocols are those that enable the capital to be as productive as possible. Yet, for
Project Spotlight
Introducing Keel Keel is an automated capital engine that operates within the Sky Protocol (formerly MakerDAO) agent framework, in a similar manner to current agents Spark and Grove. Keel aims to become Solana's largest onchain balance sheet while pioneering the infrastructure needed for tomorrow's tokenised economy.
Project Spotlight
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is one of the foremost examples of the amazing innovation that can occur as a result of the nexus of TradFi and DeFi. Launched in March 2024 by BlackRock, the world's largest asset manager, and tokenized by Securitize, BUIDL is
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Reservoir has emerged as a heavyweight among DeFi yield bearing products, the protocol has to date amassed a TVL of $197m since its launch in November of 2024. It currently ranks as the 14th largest protocol on Stablewatch in terms of yield paid out (YPO) for just the ERC-20 version
Research
This article was written in collaboration with @Castle_Labs. Written by Gleb and Atomist. Abstract Stablecoins are dominating headlines throughout 2025. This leaves us wondering, which blockchain network will house and facilitate this asset class? As tokenised dollars continue to be increasingly accepted and regulated, five upcoming Layer 1 blockchains
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Aave’s native stablecoin, GHO, is establishing itself as a notable contender in the yield-bearing space, a trend reflected in the metrics of the Stablewatch Yield Bearing Stablecoin dashboard. Since its July 2023 launch, it has seen steady growth, reaching $335M total supply across more than 5,700 current holders.
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Humanity is burdened by two fundamental limitations, time and cognitive capacity. Managing capital effectively is a constant drag on both of these resources that are already in scarce supply, particularly among the most productive members of society. It is no wonder that the market size for wealth and asset management
Research
There is a severe lack of education in the investment community about the rate at which dollar denominated assets lose value. Monetary debasement and the associated inflation rate is a hidden tax that is placed on all participants within fiat currency systems. “The arithmetic makes it plain that inflation is
Research
Evaluating the Yield Premium in a Novel Asset Class Yield-bearing stablecoins (YBS) have emerged as a prominent decentralized finance (DeFi) asset class of 2025. Combining the price stability of a fiat-pegged asset (implying there is no downside) with a native yield (essence of DeFi). This creates a compelling proposition for
Project Spotlight
The most prevalent issue within the stablecoin landscape is the fragmentation of liquidity. With new variants of tokenised USD seemingly launching daily, each version becomes significantly less valuable due to the increased cost of swaps and division of integrations. Enter Perena who aims to tackle these capital inefficiencies specifically on
Research
This research was possible thanks to our Strategic Partner - Plasma The global financial system currently runs on decades-old infrastructure, sustaining frictions that act as a tax on economic activity - a problem particularly prevalent in the emerging markets. In response, new financial rails are organically emerging on public blockchains,