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 article describes U.S. Bank’s pilot to issue a stablecoin on the Stellar blockchain, developed with PwC and the Stellar Development Foundation. It presents the pilot as a test of programmable money within a regulated banking environment. Stellar features…
The article introduces blockchain networks designed for financial institutions, emphasizing privacy, interoperability, scalability, and compliance. It contrasts Canton Network’s selective transaction processing and Daml smart contracts with Google Cloud’s…
The document explains tokenized bonds as blockchain-based representations of conventional bonds that retain their underlying rights and obligations. It describes potential benefits including automated issuance, settlement, and interest payments; fractional…
The document presents Ondo Finance as a bridge between traditional finance and decentralized finance through on-chain versions of real-world financial assets, including U.S. Treasuries, exchange-traded funds, and money market instruments. It describes…
The document outlines policy and infrastructure developments affecting stablecoins and cryptoassets. It describes the GENIUS Act as setting expectations for payment stablecoin reserves and anti-money-laundering and sanctions compliance. It also summarizes…
The document explains drivers of stablecoin adoption, including institutional payment integrations, cross-border transfers, corporate treasury use, and access to financial services in emerging markets. It describes multi-chain deployment as a way to broaden…
The article surveys stablecoins as a payment and settlement tool for banks and corporations. It describes possible benefits including faster cross-border transfers, reduced reliance on intermediaries, around-the-clock settlement, and liquidity management. It…
The document describes how Polkadot’s multichain architecture and interoperability could support tokenization of assets such as real estate, treasuries, and bonds. It explains tokenization as representing ownership or related rights digitally, and presents…
The document describes SkyLink’s integration with TRON as a way to provide stablecoin access to tokenized real-world assets, including U.S. Treasuries and private credit. It presents stablecoin settlement as a means of reducing exposure to crypto price…
The document surveys U.S. housing conditions in 2025, linking mortgage rates, Federal Reserve policy, housing turnover, construction, rents, and affordability. It describes how homeowners with low-rate mortgages may delay selling, reducing turnover and…
The article describes how USDC supports activity in Solana’s DeFi ecosystem, including exchange liquidity and cross-chain settlement. It attributes the network’s appeal to low stated transaction costs and fast processing, and discusses Circle’s Cross-Chain…
This strategy uses the 10-year U.S. Treasury yield to decide whether to hold the S&P 500 or move to cash. It ranks the latest daily yield within its recent high-low range, using a configurable lookback period. When the yield is above a configurable threshold…
This short article uses the long-run nominal growth of US stocks and bonds as a starting point for discussing risk premia. It reports that stocks rose 48,000 times in value and bonds 300 times from 1900 to the article’s present. Its explanation is that…
This article addresses whether publishing a trading edge causes it to disappear. It uses an end-of-month Treasury demand effect as an example: price-insensitive buying may temporarily move prices away from fair value, so a trader could enter ahead of the…
The article reviews a strong year for diversified systematic trading and focuses on a bond strategy that buys shortly before month-end, sells at month-end, and re-enters after a few days. The author describes institutional rebalancing and portfolio…
The article introduces tidy data principles and shows how to represent financial returns in long and wide formats. In tidy form, each column represents a variable, each row an observation, and each cell one value. Its example uses dates, tickers, and…
The article describes a way to lengthen an ETF’s historical price series when the fund has a short trading record. It maps ETFs to earlier mutual-fund or index return series, calculates cumulative returns, and finds the overlap date when the ETF first has a…
The article frames long-term investing as earning compensation for bearing uncertainty. Stocks and bonds have historically risen over long periods, but their shorter-term losses and volatility help explain why investors expect a premium for holding them. It…
This course description presents a practical framework for evaluating trading ideas with spreadsheet analysis and freely available market data. Its proposed research process is to formulate a hypothesis, collect and clean relevant observations, explore the…
The workshop description outlines a mechanism-first approach to researching trades. It argues that potential returns may come from bearing risk premia or trading against participants whose constraints require them to transact, rather than from forecasting…
This brief article outlines a portfolio philosophy built around collecting risk premia while allowing for the possibility that active signals or discretionary views will be wrong. It proposes selecting assets with positive carry and varied exposures to…
The document explains the fallen angel effect: bonds downgraded from investment grade to high yield may face forced selling from institutions whose mandates restrict junk bond holdings. That selling can push prices below their reduced fundamental value,…
This document sets out criteria for assembling a curated ETF list across equity and bond regions and categories. The stated filters include sufficient fund size, a preference for distributing share classes when dividend yield is used as a valuation measure,…
The document describes replacing the funds in an example long-only portfolio of UK-listed ETFs with ESG-labelled alternatives. Fund selection follows the earlier portfolio’s practical preferences for low ongoing charges, adequate assets under management,…