One email a week on how real-world assets, funds, and markets are moving on-chain. Crypto and macro. Not a Web3 school.
Free. No price targets. Unsubscribe anytime.It looks and moves like stock brought on-chain. Legally, however, you own something more indirect.
More of the financial system will be issued as tokens over the next few years: bills, funds, deposits, credit. That is a capital-markets story with a crypto rail. Most of the internet still treats it as a coin story.
Treasuries and funds on-chain are not the same trade as a profile picture.
Rates, liquidity, and who is allowed to issue.
Most tokens were never a claim on anything real.
Issuers, chains, custodians, distributors. Follow the fee.