The $2T market still running on spreadsheets
How blockchain is transforming private credit.
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A Wyoming Bank Beat JPMorgan Out the Door
Narrow banking.
191: Goldman didn't buy bitcoin
Pay me to wait.
Cloudflare gives AI agents a corporate card
AI agents just got an allowance.
why a KKR partner left for DeFi (with Xiao-Xiao, President of Jupiter)
Jupiter President Xiao-Xiao on the fat app thesis, $1.2 trillion in onchain volume, why AI agents need onchain rails, and the roadmap from Solana super app to omnichain neobank.
190: Western Union ships a stablecoin card
Mastercard closed BVNK, Western Union shipped a stablecoin card, Visa opened stablecoin payouts, and Circle's numbers explain why: volume is exploding while the float lags far behind.
Circle Built a $73 Billion Dollar and Keeps a Quarter of a Cent
Circle reported $701 million in Q2 revenue this morning, took final approval from the OCC for its national trust bank charter, and set 16 September as the mainnet date for Arc, its own settlement chain, with BlackRock, DTCC, Visa, and Mastercard among the founding validators.
"waiting isn't a strategy", with Christian Schmid, Global Banking Lead, BCG
BCG Senior Partner and global banking leaChristian Schmid , lead author of The Future of Digital Assets, on the 30% of profit at risk by 2035, stablecoins vs. tokenized deposits &the "iPhone of money"
Tether’s gold pile grows while its safety buffer shrinks
Tether published its Q2 2026 attestation in late July.
189: "AI is the only focus"
I spoke with a bank executive this week about where the attention is going.
Ten European banks launch joint blockchain
In 1973, a group of banks had a problem: none of them trusted a rival to run the wires between them.
"Europe's biggest problem is Europe", with Michael Every, Global Strategist at Rabobank
Hi, it’s Marc.
188: BNY killing the weekend
$250,000.
the $4 quadrillion switch
Hi, it’s Marc.
The tokenized private credit opportunity
Our biggest report on the tokenized private credit opportunity yet.
one clause decides crypto's decade
W’ve watched this bill nearly die three times.
187: Wall Street flipped the switch
Hey, it’s Marc & the 51 team,
DTCC traded tokenized stocks in production
Hey, it’s Marc!
there won't be another cycle
Hey it’s Marc.
Most AI investors are backing the wrong layer, with Stephen Messer (Internet & AI Pioneer)
Hi, it’s Marc.
Swift Goes On-Chain: 17 Banks Pilot 24/7 Tokenized Payments
Dear PRO readers,
186: banks went on-chain
SWIFT's blockchain ledger is ready with 17 banks piloting, Vanguard hunts a digital assets chief, Strategy sells the low, and Kraken assembles a bank.