Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
5,701 documents
The document outlines how government debt, such as U.S. Treasuries, can be represented by digital tokens that convey rights to the underlying asset. It describes potential uses in trading and collateral transactions, including an example of tokenized…
The article explains how tokenized securities represent traditional financial assets on a blockchain and describes Plume Network’s registration with the US Securities and Exchange Commission as a transfer agent. It says transfer-agent functions include…
The document argues that GPU-backed lending and the growth of third-party inference are laying the groundwork for a term market in AI compute. Project finance relies on equipment and customer contracts, especially take-or-pay commitments, while GPU rents and…
The document surveys developments linking cryptocurrency with corporate finance and policy. Its main example is Metaplanet’s Bitcoin-focused treasury, funded in part through zero-percent bonds; it notes that the company’s stock performance is closely tied to…
The document surveys regulatory and operational risks associated with crypto-assets. It describes the EU’s MiCAR framework, Basel Committee guidance, the SEC’s investor-protection priorities, and UK measures addressing sanctions compliance. It also mentions…
The document introduces real-world asset tokenization as a way to represent assets such as private credit, U.S. Treasuries, stocks, and ETFs on blockchain networks. It explains total value locked (TVL) as a measure of capital held in smart contracts and…
The document describes the GENIUS Act as a proposed U.S. framework for stablecoins, which are crypto assets pegged to traditional assets. It outlines reserve backing with liquid assets, annual audits for issuers above a stated market-cap threshold, and…
The document introduces Centrifuge as a DeFi project that connects blockchain finance with real-world assets such as invoices, loans, and real estate. It describes tokenization as a way for businesses to seek financing through digital representations of…
The document explains yield coins as blockchain tokens linked to treasury holdings that are designed to pass investment income to holders. It contrasts them with conventional stablecoins, which generally do not distribute interest, and names OUSG and USDY as…
The article describes Mercado Bitcoin’s plan to tokenize $200 million in real-world assets on the XRP Ledger, including fixed-income and equity instruments. It presents the ledger’s low transaction costs and operational history as reasons for its selection,…
The document describes RWUSD, a platform-restricted product that presents yield linked to tokenized real-world assets, mainly U.S. Treasury bonds. It says users can subscribe with USDT or USDC at a one-to-one ratio, earn a stated yield with daily…
The document describes a contraction in South Korean stablecoin trading and links it to a broader fall in crypto-market activity. It reports daily stablecoin volume declining from ₩1 trillion in December 2024 to ₩200 billion in June 2025, alongside a drop in…
The document describes a U.S. state’s dollar-backed digital token, designed for public payments and broader use. It outlines possible applications such as tax refunds and payroll, along with links to mainstream card and mobile payment services. The token is…
The document explains real-world asset tokenization as representing ownership rights in assets such as equities, bonds, real estate, or funds with blockchain-based tokens. It presents Securitize as a platform for issuing, managing, and trading tokenized…
The article surveys services intended to connect Bitcoin with euro payments and banking. It describes self-custody alongside features such as virtual IBAN accounts and debit cards, and says one provider handled more than €6 million in transactions after 18…
The document describes USDtb as a stablecoin issued by Anchorage Digital and Ethena Labs, backed by U.S. Treasuries and cash equivalents. It presents the GENIUS Act as a framework for U.S. stablecoin issuance, with emphasis on reserve requirements,…
The document surveys how blockchain tokens can represent real-world assets such as commodities, property, bonds, equities, and money market funds. It explains proposed benefits including fractional ownership, broader investor access, more transparent…
The document describes Aave Horizon as a permissioned version of Aave V3 designed for institutions to borrow stablecoins using tokenized real-world assets, including government securities, corporate bonds, and loan obligations, as collateral. It presents…
The article surveys crypto infrastructure and institutional adoption through examples of stablecoin reserves, wrapped Bitcoin, custody arrangements, yield-bearing tokens, and exchange-traded products. It describes a dollar-backed stablecoin whose reserves…
The document explains Pendle’s division of yield-bearing assets into Principal Tokens (PT), which represent principal and can be used to target a fixed return, and Yield Tokens (YT), which represent future yield and allow exposure to changes in that yield.…
The document introduces real-world asset tokenization as the representation of assets such as real estate, commodities, and financial products on a blockchain. It describes Tether’s Hadron platform as an effort to support this process, emphasizing security,…
The article explains how rising U.S. Treasury yields may transmit risk across fixed income, equities, cryptocurrencies, and global markets. It describes higher yields as a potential signal of weaker risk appetite and notes that rising discount rates can…
The document summarizes the GENIUS Act as a proposed United States framework for stablecoin issuers. It describes reserve requirements involving liquid assets such as dollars and Treasury bills, monthly public reserve disclosures, and a special approval…
The document reviews Circle’s reported earnings and USDC growth alongside the planned Arc blockchain. It says USDC circulation rose year over year and describes Circle’s revenue and adjusted EBITDA growth, while noting a net loss that it attributes to…