T. Rowe's Kroger: Tokenization's Real 2026 Win Is Access
T. Rowe Price's David Kroger on why the cost-savings story for tokenization is overhyped, what's actually onboarding TradFi capital, and the vault-vs-ETF condition for 2031.
Interviews with DeFi projects, analytics, and important news about decentralized finance.
T. Rowe Price's David Kroger on why the cost-savings story for tokenization is overhyped, what's actually onboarding TradFi capital, and the vault-vs-ETF condition for 2031.
Five senior Ethereum Foundation exits, a March Mandate that triggered sign-or-leave reports, and a scoped-down Glamsterdam fork. What's verified, what isn't, and what's actually at stake.
An attacker minted 1,000 eBTC on Monad, roughly $77M of fake wrapped Bitcoin, and stole ~$870K of real WBTC against it on Curvance. The rest is stuck on-chain.
Fluid used a pre-approved credit line to sweep up Resolv bad debt, then drafted the governance vote to repay it. The cleanup worked. The process is the story.
Anchorage's Kevin Wysocki on CLARITY's Senate Banking markup, Section 106 mechanics, the two-year clock, and the five things that don't pass with the bill.
Circle closed a $222M ARC presale at $3B FDV and published a whitepaper that leaves the dilution-determining parameters to a governance vote. Reading the document carefully.
rwa.xyz split tokenized assets into Distributed (~$30B) and Represented (~$438B). The lens is cleaner, but the $100B-by-year-end forecast does not survive the math.
Should Ethereum cut staking rewards to defend ETH's moneyness, or keep them to protect LST-fueled DeFi? A look at the curve, the camps, and what a hard fork could change....
Strategy's BTC flywheel trades at a premium. BitMine's ETH version trades at a discount and adds a staking yield engine. The asset choice changed the structure.
Pendle and Exponent dominate the on-chain rate market through yield tokenization. True synthetic IRS protocols keep launching and keep staying small. Here's why.
On-chain forex venues exist, but what trades is USDC perp on a price feed. The ceiling is an asset-primitive gap, not a venue problem.
Agra Bonds is a beta Ethereum orderbook for tokenized private credit. Here is how the rate-quoted CLOB works, what is actually live, and where it sits in the RWA landscape....
A single-signer DVN on KelpDAO's LayerZero bridge let an attacker mint 116,500 unbacked rsETH and walk out with ~$236M in WETH from Aave. Here's the full on-chain breakdown, who pays,...
A DeFi analyst's field report on sports prediction markets, the $1.1T BofA estimate, the CFTC vs states jurisdictional war, and where these venues actually sit on the productive-to-predatory gradient.
Neobanks are rebuilding cross-border payments, wallets, and new-market expansion on stablecoin rails. A practical look at the $318B market, the integration reality, and what the GENIUS Act changes for 2026....
Crypto card volume hit $607M in March 2026. A deep look at how it's measured, who actually uses these cards, the regulatory walls closing in, and which programs are living...