Jannis

Early-Stage Web3 VC | @blockwall_vc

[Jannis @JannisJc]

@ilblackdragon @nategeier @NEARProtocol @gavofyork @VitalikButerin Onwards and upwards!

[Jannis @JannisJc]

This is exactly the design choice I flagged this week. Most chains are treating PQ as a painful migration — @NEARProtocol treats it as one transaction because the access-key layer was decoupled years ago. The real question is whether the market starts repricing upgradeability itself. 👇
https://t.co/vrC3SZSaDO

[Jannis @JannisJc]

Three L1s committed to quantum-resistance deadlines within a few weeks of each other.

@VitalikButerin reframed @ethereum's roadmap around "Lean Ethereum" this week. A quantum-proof network is now a named north-star goal, part of a 3 to 4 year rebuild he compares to the Merge. @Algorand put dates on it: post-quantum accounts in Q3 2026, full resilience by end of 2027. @NEARProtocol is bringing NIST-standard ML-DSA signing to testnet, and @Ledger is already shipping the same standards in its SDK. Even @Bitcoin has a live proposal in BIP-360/361, which would sunset ECDSA entirely on a roughly seven-year horizon.

The headlines suggest everyone is doing the same thing, but they aren't. This migration stress tests design choices each chain made years ago. @NEARProtocol's rotatable access keys turn the whole thing into one transaction. @Bitcoin may face a choice between frozen coins and stolen ones. Not the same problem at all.

What I'll be watching is whether upgradeability gets repriced. We've underwritten L1s on TPS and TVL for a decade. The chains that migrate cleanly, and the wallets, MPC networks and hardware that carry users through it, feel structurally mispriced today. I bet that changes.

Whose migration path is most under- or overrated? Genuinely curious what I'm missing.

[Jannis @JannisJc]

https://t.co/Ma7XdxjvaS

[Jannis @JannisJc]

Are you investing or building at the intersection of #Web3, #AI, and #Robotics? If so, point me to the opportunities we (@blockwall_vc) should have on our radar.

@paradigm's latest news — $1.2 billion raised for its fourth fund — caught the attention of many in the space. It's a clear signal that the boundary between 'crypto' and 'frontier tech' has effectively vanished, underscored by the explicit inclusion of robotics and AI in their mandate.

They seem to recognize that the most valuable future systems will integrate decentralized coordination with autonomous physical agents. My colleague @syedarmani explored this convergence back in April, finding evidence that we're about to cross a critical inflection point — link to the article in the comments.

When a firm of Paradigm's scale repositions its mandate, it usually reflects a shift in where the most aggressive capital sees the next cycle of value capture. I'd watch how this reshapes valuation benchmarks for AI-crypto hybrids. Do you think that this much dedicated capital will likely inflate premiums for teams building at that intersection?

[Jannis @JannisJc]

While @stripe turned payments from a product into a feature, today @Spiko_finance is doing the same for yield. If your customers hold idle cash, this one is for you.

Spiko Embedded is live and it is a true product innovation. Any platform can now offer regulated money market fund yield natively, in its own app and its own brand, backed by Spiko's license, fund operations and infrastructure. Live in weeks, not years.

Anyone who has looked at this problem knows why it hasn't been solved before. Offering customers yield means a MiFID license, fund partnerships and years of compliance build-out. That barrier protected banks for decades. It just became an API.

The demand was there before the product. Over €500m of Spiko's AUM, roughly a quarter of the total, already comes through distribution partners. And the hire says the rest: Xenia Boulamatsis, who built Trade Republic's savings and cash business to over 10 million users across Europe, now leads the embedded product. People with that track record don't move for experiments.

My read as an investor in @Spiko_finance at @blockwall_vc is that the bottleneck for tokenized cash was never the asset. T-bill yield is a commodity. Distribution is the moat, and it belongs to whoever sits inside the apps where money already lives. That's the bet.

Congrats to @pahyppolite and the entire Spiko team. And if your customers hold idle cash, reach out to Xenia (https://t.co/djdul7sxzT)

[Jannis @JannisJc]

Three L1s committed to quantum-resistance deadlines within a few weeks of each other.

@VitalikButerin reframed @ethereum's roadmap around "Lean Ethereum" this week. A quantum-proof network is now a named north-star goal, part of a 3 to 4 year rebuild he compares to the Merge. @Algorand put dates on it: post-quantum accounts in Q3 2026, full resilience by end of 2027. @NEARProtocol is bringing NIST-standard ML-DSA signing to testnet, and @Ledger is already shipping the same standards in its SDK. Even @Bitcoin has a live proposal in BIP-360/361, which would sunset ECDSA entirely on a roughly seven-year horizon.

The headlines suggest everyone is doing the same thing, but they aren't. This migration stress tests design choices each chain made years ago. @NEARProtocol's rotatable access keys turn the whole thing into one transaction. @Bitcoin may face a choice between frozen coins and stolen ones. Not the same problem at all.

What I'll be watching is whether upgradeability gets repriced. We've underwritten L1s on TPS and TVL for a decade. The chains that migrate cleanly, and the wallets, MPC networks and hardware that carry users through it, feel structurally mispriced today. I bet that changes.

Whose migration path is most under- or overrated? Genuinely curious what I'm missing.

[Jannis @JannisJc]

@TheBlockCo Curious to watch how the on-chain $SECZ shares trade and settle against the NYSE ticker. If price discovery stays synced with instant settlement, the incentive for more public companies to follow becomes very strong.

[Jannis @JannisJc]

@solana Tokenized MMFs are roughly half of all tokenized RWA volume right now, and Spiko’s ~€1.7B AUM shows the demand for on-chain cash equivalents.

[Jannis @JannisJc]

A lot of people saw the @Securitize listing this week and filed it under "another crypto ticker." I think that's the wrong read.

The facts first: @NYSE debut via SPAC ($SECZ), @BlackRock and @MorganStanley behind it, $400M raised. A raise of that size on this story is the market pricing in the institutionalization of tokenization. But what I keep coming back to isn't the listing itself. It's that they issued tokenized versions of their own shares on @solana and @avax simultaneously, with the issuer and the regulator inside the perimeter. Not a pilot but a live integration of public equity and blockchain rails.

Pair it with @OndoFinance tokenizing BlackRock's IVV ETF and Micron the same week, under an SEC-defined custodial model, and the pattern is hard to miss. The value proposition is shifting from crypto-native assets to the blockchain as the more efficient ledger for traditional securities. Tokenized equities just crossed $2bn, up roughly 150% YTD - credits to the amazing dashboard of @RWA_xyz.

What I'll be watching now: how SECZ's on-chain shares trade against the NYSE ticker. That's the real test of whether we get the liquidity and settlement advantages the tech promises. If price discovery stays synced and settlement is instant, the incentive for other public firms to follow suit becomes undeniable.

The same logic is behind our investment in @Spiko_finance at @blockwall_vc, pointed at the less glamorous asset: cash. If cash means money market funds, it's the smaller pool on paper, roughly $13tn against $125tn of listed equities. On-chain, the picture inverts. Tokenized T-bills and MMFs already sit around $16bn, about half of all tokenized RWA. Cash is where tokenization has product-market fit today.

Spiko issues AMF-approved UCITS money market funds (short-term T-Bills, custody at @CreditAgricole) as tokenized shares. Daily yield, daily liquidity, subscribe and redeem in USDC or EURC on @ethereum, @StellarOrg, @base and @solana, usable as collateral in DeFi. In practice it's a CFO's treasury account that happens to settle on-chain.

Roughly €1.7bn sits on the platform today, and barely anyone talks about it. I bet that's about to change.

Equities got the headline this week. Cash has been doing the volume all along. Very proud of @pahyppolite and the entire Spiko team of what's been achieved and very excited for what's to come.

[Jannis @JannisJc]

Retail trading app just went onchain.

While traditional brokers gave us easy stocks & ETFs, @RobinhoodApp launched Robinhood Chain mainnet on @arbitrum during their "The World is Flat" keynote (full explorer vibes in London). Tokenized stock tokens for 24/7 trading, @Morpho-powered lending via USDG, @Uniswap live from day one, @Lighter_xyz perps - all reaching their ~28 million users.

Instead of just adding crypto featues, Robinhood is bringing real DeFi and RWAs straight to everyday investors on proper infrastructure and marking the shift from simple apps to scalable onchain layers.

For founders, it's now about integrating with and building on top of these TradFi-DeFi rails. What do you think? Is this a relevant push that takes tokenization mainstream?

#Web3 #RWA #DeFi #TradFi

[Jannis @JannisJc]

The stablecoin landscape is shifting.

While @tether and @circle built the foundation, a new consortium of 140+ giants (including Visa, Stripe, and BlackRock) is moving to institutionalize the sector. This isn't just about another stablecoin; it's about the integration of programmable money into the world's most powerful payment rails.

Simultaneously, we see @Nasdaq bringing proprietary data on-chain and the UK finalizing a comprehensive regulatory framework. The 'wild west' era is being replaced by a sophisticated, compliant infrastructure layer designed for global scale. For founders, the opportunity is shifting from building basic primitives to creating high-value services atop this institutional plumbing.

What's your view on @openstandard joining the arena? Is the era of the 'native' stablecoin ending, or will the incumbents' first-mover advantage hold?

#Web3 #Stablecoins #TradFi #VentureCapital

[Coinbase 🛡️ @coinbase]

We're partnering with @Spiko_finance for instant stablecoin entry and exit in European UCITS funds.

Any time, any day of the week.

Finance should be 24/7, and Coinbase Payments is building the infrastructure for it.

[functionSPACE @functionspaceHQ]

Curious about what functionSPACE actually is? We've created a learn page to get you up to speed quickly. ↓

[functionSPACE @functionspaceHQ]

As part of our ecosystem launch, our Trading SDK is now public and live on Github!

More details to come. Check it out ↓

[Jannis @JannisJc]

Innovation doesn't come from endless deliberation but from people who simply start, despite uncertainty. Entrepreneurship is about the courage to jump in: tackle it, fail, learn, repeat.
Too often we are still debating the regulatory framework while others are already iterating. Fear of risk isn't a sign of responsibility but of stagnation.
Those who truly take responsibility just start. Thanks for releasing OpenClaw to the world, @steipete. Now, let's make the most of it!

[Kirha @kirha_ai]

6,000 Builders 🔥

Kirha doesn’t grow quietly. It grows through feedback, debates, ideas, and real-world use.

Real users come from real conversations.
That’s where builders already are.
And yes, X is part of that.

Thanks to everyone who’s part of the journey.
We’re building Kirha with you, not for you.

[Rebind - Global euro account @getrebind]

We’re hiring our first Growth Content Marketer.

If you enjoy turning complex topics into clear, compelling content, care about finance, and optimize for metrics rather than aesthetics, we’d love to hear from you.

Challenging role, steep learning curve, and plenty of room to experiment.

Role link on our career page 👇

[Jannis @JannisJc]

@meta_alchemist 0x05a4307B87f9F6D22D3a47108CDd7f52087E37C0

[Blockwall @blockwall_vc]

Another fantastic Blockwall Investor Summit is in the books. This time, we were also pleased to announce a major milestone:

🧵