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tokens
Arcade tokens: The most underappreciated token type
A token with a relatively stable value within a specific software or product ecosystem, often managed by an issuer, often misunderstood
After the foundation era: Tokens, policy, and startup structures
How to design, govern, and grow decentralized networks in today’s changing policy landscape
Modernizing markets for a tokenized future: Principles for tokenized securities and broker-dealers
Our response to the SEC's Crypto Task Force questions concerning tokenized securities as well as broker-dealer capital and records.
go-to-market
Why Wall Street is moving onchain
Wall Street is moving onchain. Tokenization is transforming capital markets with faster settlement, lower costs, and 24/7 global access.
Your product won’t sell itself: How to build a world-class sales team
Founders have to be as obsessed with sales and go-to-market as they are with product details: features, UX, performance, reliability, and documentation. Here's a blueprint.
The best technology doesn’t always win (in the enterprise)
Enterprises do not buy the “best” technology. They buy the least disruptive path to progress. Founders need to put their tech on that path.
stablecoins
Entering the era of the headless merchant
As AI agents become the buyers, merchants are going headless — offering services via APIs with embedded payments and per-request pricing.
Agentic commerce won’t kill cards, but it’ll open a gap
Cards serve every merchant a processor can underwrite. Stablecoins serve every merchant a processor cannot. The next wave of commerce will be built in that gap.
Tourists in the bazaar: Why agents will need B2B payments — and why stablecoins will get there first
Dominant agents don’t need tourists’ payment rails. They need vendor relationships, working capital, and credit. Then the agent can lead the tourist (that’s you).