Fining users for trading on unlicensed platforms starting tomorrow but hasn't issued a single exchange license yet? That's not regulation it's a gap. The $400M ensures only banks and sec firms can qualify. The question is whether licensed platforms will even exist before enforcement kicks in.
Crypto-backed mortgages are a step forward, but the BTC isn't financing the mortgage - it's in custody as collateral for a down payment. That's narrower than people think. Real crypto credit infrastructure needs to handle the full loan, not just the entry point. But I would not do that for my home.
@centrifuge@CoinSharesCo@tokenterminal The 6% figure matters less than the direction of travel. The next constraint is not demand its the underwriting, custody and liquidation design that institutions can trust across jurisdictions. That is where RWA credit infrastructure gets tested.
This is the core of what Lendary is building. Your crypto stays in segregated custody - never lent out, never rehypothecated. You draw liquidity against it, no forced sells, no liquidation spirals. A credit infrastructure that treats digital assets like real collateral.
Great conversation. The key takeaway: both institutional and retail demand for crypto-backed credit is real - but the infrastructure to deliver it safely is still being built. That's what we're doing at @lendaryasia. Thanks to everyone who showed up and asked the hard questions.
@BitGo@NYDIG Great move. Consolidation in institutional crypto infrastructure is accelerating. BitGo picking up NYDIG's trading and financing capabilities means a single regulated entity can now offer custody + execution + lending. That vertical integration is what institutions actually want.
@stacy_muur@glxyresearch The CeFi overtaking DeFi shift is more structural than cyclical. Regulated lenders grew while Tether shrank - that's credit quality improving, not just deleveraging. The next expansion cycle will be led by institutions who can underwrite, not just collateralize.
The next phase of crypto credit will not be defined by choosing between TradFi and DeFi.
It will be defined by combining the efficiency and transparency of on-chain infrastructure with the governance, risk controls, and compliance standards expected in institutional finance.
That is the direction we are building toward at @Lendaryasia.
Follow for perspectives on crypto credit, institutional digital-asset finance, and the infrastructure shaping this market.
Crypto credit is evolving.
Many traditional banks remain reluctant to lend against digital assets. At the same time, much of DeFi lending operates through permissionless protocols that may not meet the risk-management and compliance standards institutional participants require.
The result is a growing gap between traditional credit markets and on-chain liquidity.
We are working to help close that gap.
Here are several lessons from building a crypto-backed lending platform across multiple jurisdictions in Asia. ๐
3/ At @LendaryAsia, our focus is on bridging this divide.
We are building a regulated lending framework for digital-asset collateral, combining risk-based loan structures, transparent on-chain settlement, and compliance-led operations.
For vetted institutional borrowers, the objective is to make crypto-backed credit more practical, accountable, and scalable.
@lendaryasia 6/ Over the coming weeks I'll be sharing insights from building a regulated crypto lending platform, RWA tokenization deep dives, market commentary on crypto credit markets, and updates from @LendaryAsia. Follow along if crypto credit & RWA interest you.
@lendaryasia 5/ The RWA narrative isn't just tokenizing treasuries. It's about making illiquid assets productive โ receivables, inventory, real estate โ and using crypto as the collateral rail. The intersection of DeFi efficiency and TradFi compliance is where the opportunity is.
Crypto-backed mortgages have moved in.
Borrowers in the US can now use Bitcoin as collateral for a down payment - without having to sell it or face margin calls.
Plus, Coinbase One members can get up to $10,000 back at closing.