Four Pillars

Professional Research For Institutions and Crypto Natives

Join for updates: Validator: @FPValidated

[Four Pillars @FourPillarsFP]

: : We're excited to announce that @FourPillarsFP has raised Series A Funding from @PanteraCapital and @further.

This round marks our next chapter: scaling from a research firm into an institutional-focused blockchain research and infrastructure provider.

[Four Pillars @FourPillarsFP]

@solana Welcome to Seoul👋

[Four Pillars @FourPillarsFP]

Four Pillars is co-hosting Solana Summit Korea with
@SuperteamKorea and @Solana.

On Sept 30 in Yeouido, Korean financial institutions and global Solana teams will sit down on RWA & tokenization, stablecoins & payments, and the infrastructure needed for real institutional adoption.

We’ll also drop our latest Solana research report at the Summit — real companies, real assets, real integrations already live on @solana. See you in Seoul.

[Four Pillars @FourPillarsFP]

Excited to partner with @further as we take the next step in building institutional-grade blockchain infrastructure.

Together, we look forward to bridging Asia and MENA and accelerating institutional adoption of digital assets.

More to come.

[Further @further]

1/ Further Asset Management and @FourPillarsFP are joining forces to advance institutional blockchain adoption.

[Four Pillars @FourPillarsFP]

At "CODED@KBW", co-hosted by FP Validated (@FPValidated), global blockchain companies and Korean financial institutions will come together to discuss the infrastructure and operational requirements for institutional blockchain adoption.

The event will also explore real-world demand for KRW stablecoins and payment services, as well as how Korean institutions are preparing for these developments.

👇

[FP Validated @FPvalidated]

: : FP Validated to Host Institutional Strategy Event CODED@KBW with Google Cloud and LINE NEXT

FP Validated, the validator brand of Four Pillars(@FourPillarsFP), will jointly host CODED@KBW with Google Cloud(@googlecloud), LINE NEXT(@LINE_Global), Optimum(@get_optimum) and Auros(@Auros_global) on September 29 at Google for Startups Campus in Seoul.

The institutional strategy event will bring together global blockchain companies, Korean financial institutions and digital asset businesses to discuss scalable blockchain infrastructure, institutional participation, KRW stablecoins and real world payment demand.

Drawing on the operating experience of Four Pillars, Optimum, Lido and other global industry participants, the program will examine the technical and operating requirements for institutional blockchain adoption. Discussions featuring Toss, Bithumb, LINE NEXT and other service providers will also explore how financial institutions are preparing for KRW stablecoins and what users need from payments and other practical services.

[Event Overview］

- Event Name: CODED@KBW
- Date and Time: September 29, 2026, 15:00 to 20:00
- Venue: Google for Startups Campus, B2, 417 Yeongdong daero, Gangnam gu, Seoul
- Hosts: FP Validated, Google Cloud, LINE NEXT, Optimum and Auros

Luma: https://t.co/8JtpIvy3X5

[Four Pillars @FourPillarsFP]

: : Four Pillars Partners with FnGuide on Joint Digital Asset Research

Four Pillars is partnering with FnGuide, one of Korea’s leading financial information providers, to develop and publish joint research reports on digital assets.

The partnership will combine FnGuide’s institutional network and quantitative data analytics capabilities with Four Pillars’ blockchain expertise to deliver research tailored to institutional clients and produce dedicated research reports on blockchain protocols.

[Four Pillars @FourPillarsFP]

Full comment:
https://t.co/q1lnd37YiF

[Four Pillars @FourPillarsFP]

Over roughly two years, Aptos’ estimated average annual gross rewards per validator fell 96%, and validator numbers dropped 42%. Sustainable decentralization requires resilient operators and manageable costs for smaller validators.

👇

[Rejamong @r2Jamong]

https://t.co/ospJbEl515

[NEXPACE @Nexpace_HQ]

Sectors run on narrative. A business runs on demand.
@FourPillarsFP highlights @MapleStoryU as a gaming project that continues to show strong metrics.

We're building an open ecosystem for players and builders, for the long term.

Narratives fade. Numbers last.

[Four Pillars @FourPillarsFP]

: : [Institution/Report] Beyond the Dollar: The Conditions for Sovereign Debt Tokenization, and Why Korea Is the First Clean Test
Written by Sam Shim (Meritz Securities), Data supported by @100y_eth

- Tokenized US Treasuries reached about 15.9 billion dollars in July 2026, and technology was only part of it. The dollar market had supplied a fund structure institutions were allowed to hold, demand that existed before the first token, and recurring fee income.

- Token standards, custody, and settlement are now available off the shelf, so infrastructure is no longer the constraint. Products outside the dollar are still under a tenth of tokenized government debt, and that number measures what has been built rather than what investors want.

- Demand starts with stablecoin reserves, because a coin wants its backing in its own currency and onchain. Only a tokenized government bond in that currency is both, which makes reserves the only demand proven so far, while collateral and diversification have not appeared yet.

- Korea has most of what that demand sequence needs in one market, and foreign investors can already buy its bonds. Bond sourcing and won conversion run through domestic infrastructure, and a won stablecoin already holds a tokenized Korean government bond in reserve, though only at symbolic size.

- The whole argument rests on one bet, that what is missing is the product, not the appetite. The strongest objection is that onchain capital structurally prefers the dollar, and the report sets out the evidence that would settle it stage by stage.

Full Report:
https://t.co/22IZiY0rgN

[FP Validated @FPvalidated]

Our comment on EIP-8205 has been featured on https://t.co/JcrGVnsE6w 🥳

EIP-8205 allows validator keys and withdrawal credentials to be preregistered before the first deposit, preventing the theft of withdrawal rights in delegated staking at the protocol level.

By doing so, it simplifies the complex deposit protection mechanisms maintained by individual LSTs and staking providers (e.g., @LidoFinance , @ether_fi , etc), making secure delegated staking a shared property of Ethereum itself.

You can read Four Pillars’ full analysis at the link below,
https://t.co/KbcfmOczeM

and also join the discussion on EIP-8205 in the Ethereum Magicians thread here!
https://t.co/8XEhr677BJ

[Jun @Jun__Yoo]

1/ If your x402 thesis assumes crypto-only payments, mandatory facilitators, or guaranteed delivery after settlement, it needs updating.

All About x402 is out: the mechanics, extensions, adoption paths, and businesses behind agent payments

[richwidmann.eth @RichJWidmann]

This is probably one of the most comprehensive reports in x402, what it is, and why it matters.

Thanks to @Jun__Yoo and @FourPillarsFP for taking the time to consolidate all the activity into a single document.

There’s so much potential energy in agentic payments which makes it the most exciting space to work in.

Whoever converts that potential energy into something kinetic will unlock massive amounts of value for merchants and consumers.

[Four Pillars @FourPillarsFP]

: : Four Pillars to Co-Host Institutional Privacy Day

Four Pillars will co-host Institutional Privacy Day @ KBW 2026 with @citrea_xyz on September 30.

The closed-door event will bring together institutional investors, fund managers, custodians, policymakers and privacy builders to explore how institutions can conduct financial activity on-chain while protecting confidential information.

Talks and panels will examine privacy technology for institutional DeFi, alongside networking opportunities for institutional participants in the Bitcoin ecosystem.

[Event Overview]
📅 September 30, 2026, 12:00 to 18:00 KST
📍 Seoul, exact location shared with approved guests

Attendance is by invitation and approval, with limited capacity. Apply through the registration page below.

https://t.co/1qqSdq08jK

[Four Pillars @FourPillarsFP]

English PDF:
https://t.co/FYDsreKw11

[Four Pillars @FourPillarsFP]

: : [Crypto/Report] All About x402
Written by @Jun__Yoo

As agents begin to make purchasing decisions and execute purchases, the way APIs, data, and computing resources are traded will change. x402 is an open payment specification that integrates pricing, payment authorization, and settlement into software workflows. What markets will emerge, and who will capture the economic value?

All About x402 explores the protocol’s core architecture and extensions, then examines how agentic commerce could evolve. It analyzes market scenarios based on the scope of delegated purchasing authority, examines value capture across ecosystem participants, and compares how Cloudflare, AWS, Google, and Fastly are integrating agent payments into their existing businesses.

The report also brings together perspectives from ecosystem participants building and using x402. From the value of precise data to service quality, trust, and payment rail neutrality, it addresses the questions that must be resolved for agent payments to develop into a functioning market.

Full Report:
https://t.co/2WomugwRc8

[Four Pillars @FourPillarsFP]

: : HARVEST : New Rails - RWA, STO Networking Night

Networking event connecting Korea’s institutional finance community with the global digital asset ecosystem.

​Join us in shaping the digital asset market together with Shinhan Securities on finance’s New Rails.

🧑‍🤝‍🧑 Hosted by Shinhan Securities, @PanteraCapital, and @FourPillarsFP
📅 ​October 1, 2026 · 7:00–10:00 PM KST
📍 Seoul Brewery Seongsu

https://t.co/ppMddW3rPQ

[FP Validated @FPvalidated]

: : How Can Institutional-grade Blockchain Infrastructure Earn Trust?

FP Validated recently launched its tech blog and obtained its SOC 2 Type I audit report, and we are now preparing for the next step, a Type II audit.

While these may seem like separate milestones, both reflect our approach to building infrastructure that institutions can trust 👇