Crypto is rallying again, but the more consequential movement may be occurring beneath the …
TradFi
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Regulatory InfrastructureMacro & Market Structuremarketsnews
The SEC Is Letting Wall Street Test a Market Without the Traditional Exchange
by Main Deskby Main DeskThe SEC’s five-year Innovation Exemption does more than permit tokenized U.S. stocks. It creates …
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Financial InfrastructureMarket Structure & Mechanism Designnews
Controlled Democratization: How Traditional Finance Is Absorbing DeFi’s Infrastructure Without Surrendering Control
by Main Deskby Main DeskDecentralized finance reshaped how markets think about settlement, execution, and infrastructure—but not how institutions …
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