Adrian Uberto

@paraficapital | previously @coinlist @blackstone | Tweets are my personal views and not investment advice | May have positions in assets mentioned

[Anjan Vinod @anjan_vinod]

Excited to step into this new role at ParaFi as Partner.

Very grateful to work alongside an exceptional team of investors, operators, and engineers, and thankful to the founders and LPs who have trusted us over the years. Excited to continue building ParaFi into a world-class investment firm alongside Ben Forman, @AdrianUberto, @dgt10011, and the rest of the team.

The most important work in crypto is still ahead.

We’re actively hiring across investing, trading, engineering, and operations roles. Please reach out if interested.

[ParaFi Capital @paraficapital]

We are excited to share several promotions and team additions across ParaFi.

Promotions

• Adrian Uberto has been promoted to President, continuing as Partner and COO

• Anjan Vinod has been promoted to Partner

New Team Members

• Jeff Park joins as Partner and Portfolio Manager, following investing and portfolio management roles at ProCap Financial, Bitwise, Corbin Capital, Harvard Management Company, and Morgan Stanley

• Ryan Silva joins as Head of Trading, bringing experience across crypto, macro, and fixed income markets from firms including BlockTower and Borderless

• Dani de la Lama joins as Counsel following investment fund formation and structuring roles at Simpson Thacher and Weil

• Leah Valente joins as an Analyst after prior investing and research roles at DCG and Artemis

We believe the opportunity ahead in digital assets has never been greater, and we continue to invest heavily in building the strongest team in the industry. We are actively hiring across investing, engineering, trading, and operations roles.

Please reach out to [email protected]

[Jeff Park @dgt10011]

I'm excited to share that I'm joining ParaFi for my next chapter!

Over the years, one thing I've learned to be true about this industry is that the team you work with is the company you build. I'm excited to step into what Ben, @AdrianUberto, @kevinyb, @anjan_vinod, and the rest of the incredible team have already built to what I consider a world-class investment firm, and take it to the next level with duty and care.

Alpha in crypto can often feel like quicksand. But just as crypto equities, ETFs, and perps have now become permanent fixtures of market structure, I believe the next stage of institutionalization will be even more impactful than ever. Stablecoins, RWAs, prediction markets, AI, and beyond are all advancing the hyperfinancialization thesis of capital efficiency, reach, and duration that traditional rails have never permitted. The alpha in these orthogonal vectors will be unlike anything the world has seen.

If you are interested in the pursuit of this journey, give @paraficapital a follow and a ping! We're actively hiring across a variety of roles to continue pushing the industry forward where the best remains yet ahead. 🫡

[ParaFi Capital @paraficapital]

Crypto card volumes have grown 12x over the past two years, now exceeding $650M in monthly volume.

At the same time, where stablecoins live and where they’re spent are diverging. Ethereum holds 54% of stablecoin supply but accounts for just 13% of crypto card settlement, while Tron holds 27% of supply but processes 33% of card volume.

The gap is less about fees and more about distribution. Much of crypto card activity flows through providers like RedotPay, whose user base is concentrated in Asia and MENA, where users already hold USDT on Tron.

[Adrian Uberto @AdrianUberto]

@dgt10011 🫡

[ParaFi Capital @paraficapital]

Amid ongoing debate about Ethereum's roadmap and the role of L2s, the rollup-centric model has materially reduced execution costs while expanding throughput.

L2 fees have collapsed. As of January 2026, a standard transfer on @Arbitrum costs ~$0.002 — down over 1,400x from 2022. Dencun (Mar '24) was the structural inflection, compressing L2 fees ~94% in subsequent months.

L1 fees have also declined. A USDC transfer on Ethereum mainnet now runs ~$0.25, with Fusaka (Dec '25) increasing gas limits and reaccelerating L1 activity (+47% in daily transactions post-upgrade).

Sub-cent fees on L2s unlock use cases that were previously uneconomical: micropayments via x402 protocol, day-to-day stablecoin payments, and AI agents transacting on behalf of users at machine speed.

[The Kobeissi Letter @KobeissiLetter]

Wall Street is moving deeper into crypto:

Last week, Apollo struck a deal to support onchain lending markets for the first time in history.

The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.

Just days before that, BlackRock announced it is purchasing UNI tokens alongside its integration of its tokenized BUIDL fund onto Uniswap, where it will be traded by institutions.

On February 2nd, Jupiter, the world's leading onchain platform, struck a deal for a $35 million investment from ParaFi Capital, investing directly in the platform's JUP token.

Onchain institutional investment activity is heating up.

[ParaFi Capital @paraficapital]

Latin America is one of the fastest growing regions for mainstream crypto adoption. Stablecoins lie at the center, establishing a low cost and accessible financial layer for USD savings, remittances, and payments. Regional crypto inflows are approximated at $800B-$1.2T in 2025 (+38-107% YoY).

Mobile-first fintech leaders such as @lemonapp_ar (5M+ accounts), Félix Pago (40k+ payout locations), and @MercadoBitcoin (4M+ accounts) are driving mainstream usage across key markets. In Argentina alone, 12.5% of the population is now interacting with crypto.

See more at ParaFi Signals (https://t.co/mCU5NMv2b8).

[Adrian Uberto @AdrianUberto]

@HHorsley 🎯

[Adrian Uberto @AdrianUberto]

@teddyfuse 💯 🎯

[ParaFi Capital @paraficapital]

Tokenized gold had a record year in adoption: supply grew +155% YoY and holders grew +65% YoY.

Nearly 700k oz of gold were newly tokenized across PAXG and XAUt, lifting total on-chain supply to 1.15M oz — about ~0.016% of above-ground gold — and market cap to $5.4B (+332% YoY), demonstrating demand for blockchain-native gold exposure beyond speculative price action and signaling a broader trend of hard-assets moving on-chain.

See more at ParaFi Signals (https://t.co/mCU5NMv2b8).

[ParaFi Capital @paraficapital]

We're excited to launch ParaFi Signals, a recurring series of bite-sized insights on trends shaping digital assets.

Today's insight, courtesy of @JonoBSB:

Monthly trading card volume increased ~15x YoY in 2025 as tokenized Pokémon and sports cards gained mainstream traction across platforms like @Courtyard_io, @Collector_Crypt, and @Phygitals.

Today, over 5M cards are tokenized and traded on chain

[Shayne Coplan 🦅 @shayne_coplan]

Polymarket is now the exclusive prediction market partner of the @WSJ and @DowJones.

A monumental step for our institutional adoption.

The Wall Street Journal. Dow Jones. Wouldn't have believed this a year ago. Grateful to make this partnership a reality.

[Adrian Uberto @AdrianUberto]

@dgt10011 @APompliano @dgt10011 🫡🚀🚀

[Adrian Uberto @AdrianUberto]

@coinwatchdotco 👏 🚀 🫡

[Empire 🟪 @theempirepod]

The Crypto Treasury Playbook

🎙️ @joshsolesbury @JasonYanowitz Ben Forman

02:54 Crypto Treasuries Overview
23:51 Scale of Crypto Treasury Vehicle Growth
27:11 Green Flags When Launching A Treasury
53:56 Joining Top 50 Equities
01:03:15 This Cycle's Top Signals

Full episode available via links below ↓

[Shayne Coplan 🦅 @shayne_coplan]

Proud to announce @Polymarket’s partnership with @X and @xai as their Official Prediction Market Partner. The two top truth seeking apps on the internet are stronger together.

Welcome to News 2.0.

Stay tuned

[Tim Urban @waitbutwhy]

I still cannot believe that I can:

- look at a world map and tap anywhere to zoom in at street level

- instantly access any song, book, movie, tv show, or podcast ever made

- have any conceivable question and get an immediate answer or video explanation

- take a photo or video wherever I am and add it to my massive, searchable, always accessible personal archive

- video call anyone in my life, at anytime, no matter where they are

- watch live sports on a little wireless glass rectangle

- type out these thoughts and have them read by thousands of people, all over the world, a few seconds later

[Adrian Uberto @AdrianUberto]

@santiagoroel 🫡 🚀👏👏👏

[Adrian Uberto @AdrianUberto]

@HHorsley 🫡 🙏 🚀