Seeking out the latest, high-tech, consumer products from around the World. Also follow @ukdronezone @rocuav
London UK
Joined November 2014
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Wow. Investors positioning for the rise in tokenized assets.
Huge. This is the future of asset management.
Investing in narratives won't happen in tokenized social posts or perpetuals with niche oracles.
Investing in narratives comes from strategies built by professionals using real assets. The problem has always been speed to market (i.e. 75 days to list an ETF).
But now we finally have a primitive for this type of investing: #ATPs.
"Republicans winning the Midterms"
"War in the Middle East"
"Chinese Robotic Olympics"
"Canadian Trade Dispute"
These are all ATPs that can be launched instantly by institutions like @Bitwise, our first model strategy provider. These transient, thematic strategies don't fit into a traditional ETF shape.
Still, they're using real assets like stocks and bonds. You can buy "Chinese Robotics Olympics" composed of Chinese Robotics stocks the same day they go viral.
Everything for narrative investing prior to ATPs was effectively memecoins with no real value. The new era of investing is here.
And when it dips to $1.4m, the media will declare it dead.
If Bessent is right and we grow our way out, you want to be long Al stocks.
If Bessent is wrong and we inflate our way out, you want to be long bitcoin.
If you want to win in either scenario, own both.
Yep. You ain't seen nothing yet.
"What we've launched last week was taking existing asset management categories and putting them in a tokenized format... but it's actually the skeuomorphic application of asset management." - @Matt_Hougan
"I think where you'll see this go is doing things you can't even imagine doing in traditional funds."
"What if you combine stocks with perpetual futures? What if you combine crypto assets and stocks together? What if you take portfolios and then put them into DeFi?"
CIO of @Bitwise on the live show last week
teapawt.net/Bitwise/status/2092235…
My colleague @Andre_Dragosch subbed in for me this week to write the CIO Memo. Check it out!
*** NEW REPORT ***
I had the honour to write this week's @Bitwise CIO memo for @Matt_Hougan.
Read the full memo below 👇
You love to see it. And September's going to be even bigger.
Excited to build on @base.
Quiet month? Not on Base
Here’s 25 things the Base ecosystem launched and announced in August
1) @bitso made MXNB available through Base. Users can deposit Mexican pesos on Bitso, withdraw MXNB on Base, and use the Juno vault on @morpho
2) @bitwise launched Automated Token Portfolios on Base with @glider__, using Coinbase Tokenized Stocks. Eligible users can hold 1:1 share-backed equity portfolios in self-custody and use them as collateral in DeFi
3) @awscloud made AgentCore Payments generally available with @coinbase and @stripe using x402. Agents can pay for APIs, content, data feeds, and more
4) @travalacom integrated Amazon Bedrock AgentCore payments from @awscloud into the Travala Travel MCP. Agents can book 2.2M+ hotels with USDC using Base
5) @o1_exchange launched a Stock launchpad, built natively on the B20 Stock token standard on Base. Issuers can launch stock tokens on Base through that pad
6) @avantisfi launched V2 in private beta on Base. Existing Avantis traders can trade 100+ assets, RWAs, and Upside Perps
7) @youdotcom is adding x402 support to its Web Search API on Base. AI agents can pay per query for live web data without API keys, subscriptions, or a human checkout
8) @bankrbot partnered with @aeroxyz on an Aerodrome Stock LP skill. Users can become LPs for tokenized stocks on Base with a Bankr agent opening and managing the position 24/7
9) @baibai_cx went public on Base as a PropAMM + aggregator built by @spire_labs. Traders can swap against onchain market-maker quotes and aggregated DEX liquidity
10) @overseepay went live on Base. Users can move dollars onchain for remittances to Pakistan
11) @credifi opened unsecured loans of up to $3,000 for @ethos_network users with a Credibility Score of 1800+. Eligible borrowers can take credit with no collateral and no liquidation
12) @send launched Send Cards. Users can fund a card with USDC on Base in the Send app and spend that balance on everyday purchases
13) @joincero introduced their product. Cero card will convert everyday spend into a 0-1000 score toward rewards and credit when early access starts
14) @longshotxyz launched on Base. Eligible non-US regions get free and paid prediction contests plus customizable combo markets
15) @syntetika opened deposits with BTC Basis+, a delta-neutral Bitcoin basis strategy managed by @hilbertcapital using cbBTC on Base
16) @peerxyz launched on iOS and Android. Venmo, Cash App, Revolut, Wise, PayPal and similar apps can fund USDC on Base from the phone
17) @zothdotio announced zVaults on Base opening soon. One deposit will hold a basket of tokenized US stocks in a self-custodial wallet
18) @forevermoney_ai brought the Bittensor ecosystem to Base via Chainlink CCIP. Bittensor’s AI network can now plug into Base apps for compute, coding, vision, and prediction
19) @zaruniversal launched ZARU on Base. A 1:1 rand-backed stablecoin settles payments onchain in seconds instead of one to three business days
20) @anoma launched AnomaPay on Base. Base assets can be deposited and sent confidentially with payment links
21) @rena_labs launched Insider Scan on Base. Users can exchange liquidity, spreads, depth, and volume sit in one view, with plain-language questions
22) @veildotcash activated NVDAc in its Multi-Asset Pool on Base. Tokenized Nvidia can be deposited and sent privately through Veil
23) @dinariglobal launched regulated dShares of the full S&P 500 for US investors and businesses, live on Base. US holders get 24/7 onchain access with voting, dividends, and a claim to the backing security
24) @b3labs introduced B3IQ. Teams can own a hosted Nvidia GPU over time, run private inference on that hardware, and rent idle capacity, with payouts in USDC on Base
25) @pixiechess is live on a mobile browser. Chess for real money can be played from a phone browser on Base
Cam works at Bitwise on the research team. You should follow @CamKhosravi. Fantastic insights.
If you wonder why people say the 60/40 portfolio is dead, here's why: Bonds have been a slowly deflating balloon for decades.
The Fed is citing stablecoin demand as an offset for China selling Treasuries.
The entire stablecoin ecosystem is going much, much higher.
Extraordinarily proud to be featured in the @NakamotoProjct series in The Wall Street
Journal.
If you've ever been skeptical of bitcoin, please read my piece in the WSJ today:
partners.wsj.com/the-nakamot…...
We've run the Gensler-Warren playbook. It netted us FTX, Terra Luna, and Three Arrows Capital.
We've also run the "sensible regulation" playbook.
It netted us low-cost ETFs, regulated futures, and institutional investment.
Why not double down on what's working and pass
Clarity?
This is one reason I think the Clarity wobble will
fade. From a regulatory perspective, crypto was in a "heads we win big / tails we still win" situation.
I gave a speech this morning at the Barron's 100
Summit, a gathering of the top 100 financial advisors in America.
X
The speech focused on tokenization, and covered everything from SETH and SSOL to SHYPE, SUNI, SMORPHO and many other assets.
Cam works at Bitwise on the research team. You should follow @CamKhosravi. Fantastic insights.
