Sydney Rice

Product & Research @ Talos | Passionate about the Future of Money - tweets are my own

[Talos @talostrading]

On July 15, @The_DTCC ran its first pilot trades using tokenized securities, the largest tokenization pilot to date by breadth of use cases, asset classes and participants.

Talos served as the connective layer on two of the trades. @DriveWealth requested a quote through our RFQ platform for a DTC-tokenized asset, @FlowTraders returned a price, and the trades settled on-chain through @BitGo on the @CantonNetwork, with balances updated across both prime brokers, Marex and DriveWealth.

It's a small trade with a large implication: through tokenization, traditional assets can move in real time, around the clock, with full visibility into where they sit in the trade lifecycle.

➡️ Sydney Rice, Tokenization and On-chain at Talos, explains what it took to get to this milestone: https://t.co/swrNUVviFa
#TokenizedSecurities #Tokenization #OnChainFinance

[Talos @talostrading]

Today, @The_DTCC processed live US trades using tokenized assets held at DTC in the largest tokenization initiative yet by participants, asset classes and use cases.

Talos powered the trading and settlement infrastructure behind two real-world use cases in today’s pilot, connecting counterparties and enabling on-chain workflows for an equity trade and a US Treasury trade.

"These initial trades are an important milestone for the industry because we're able to demonstrate that DTCC assets can be tokenized, represented on-chain, traded between multiple institutions with the participation of prime brokers, and settled on-chain — the entire end-to-end life cycle of a trade." – Talos Co-Founder and CEO Anton Katz @KatzAnton

We’re proud to be part of this milestone alongside these industry leaders: @BitGo, @digitalasset, @DriveWealth, @FlowTraders and Marex

The DTCC Tokenization Service launches in October 2026. Together, we are building the future of markets, where all assets will be digital assets.

[Solana Policy Institute @SolanaInstitute]

The first wave of adoption is here (money market funds, on-chain access), but we're still early.

"I really believe this technology is going to change the financial system. it's just a matter of time," says @Grayscale's @LowBeta.

On stage at Solana Summit with @dgt10011, @SydMRice, & @JSeyff.

[Solana Policy Institute @SolanaInstitute]

8/ "The L1 Scorecard: What Wall Street Is Actually Watching"
@dgt10011, @LowBeta (@Grayscale), and @SydMRice (@talostrading) break down network activity, developer momentum, and how macro + regulatory clarity are shaping allocation.
Moderated by @JSeyff of @bbgintelligence

[Talos @talostrading]

How did regulatory clarity, ETFs and digital asset treasuries reshape crypto markets in 2025? What role did stablecoins and on-chain fundamentals play beneath the surface?

In Talos and @FactSet's joint 2025 End-of-Year Report, powered by @CoinMetrics data, we analyze the policy milestones, capital market flows and on-chain dynamics that defined crypto’s transition toward mainstream financial infrastructure. From the GENIUS Act and spot ETFs to corporate treasury adoption and stablecoin-driven dollar distribution, the report offers a data-driven view of how market structure evolved over the year.

Read the full report: https://t.co/5HK7bHJYag

[Xin Song @xinsong86]

I participated in a great panel that discussed "decoding the future of digital assets" at the Global X ETFs Insights Day in London.

Thanks for joining me on stage, @tejas_rd and @SydMRice.

Crypto's future is bright.

[CoinMetrics.io @coinmetrics]

Web3 is data-driven, and our own Sydney Rice @SydMRice, @coinmetrics VP of Product, is leading the charge.

"Many crypto enthusiasts examine basic data such as prices, market trends, and volume. Sydney and the Coin Metrics team dig deeper. They uncover the true operations of blockchain networks." - Decoded

Check out her full interview on the Decoded Substack (Link in replies)

[laura suttie @4thelaur]

“There might be more chains than women in the space” - @Bonecondor.

Another great panel by @shefiorg

[Jameson Lopp @lopp]

Bitcoin ETFs launched a year ago and now hold over 1,100,000 BTC which is ~5.7% of the current supply.

[CoinMetrics.io @coinmetrics]

The Kimchi Premium is the price gap in crypto, especially $BTC, where South Korean exchange prices are often higher due to capital controls limiting arbitrage.

- The Kimchi Premium pushed Bitcoin above $100k in some South Korean markets 2 weeks before our price observed it at 2:34 am UTC on Dec 5th

- At its peak, the premium pushed Bitcoin close to $115k!

- Last week, the premium flipped amid a $33.3B Bitcoin sell-off when the South Korean president declared Martial Law at 1:27 pm UTC on Dec 3rd

@coinmetrics Senior Data Scientist @victoreram1 put together this chart showing the Kimchi Premium in action over the past few weeks.

#PutTruthtoWork #FutureofFinance

[CoinMetrics.io @coinmetrics]

$BTC 🎉🎉🎉

[CoinMetrics.io @coinmetrics]

Could #Ethereum be ready to shine?

With Layer-2 rollups driving scalability and lower costs, Ethereum remains a top choice for developers and users. Despite fee volatility, it offers gas-efficient solutions and steady revenue.

What about #Tradfi?

If U.S. regulations evolve to allow $ETH staking as some suspect, institutional investors may eye Ethereum as a yield-bearing asset, significantly boosting its appeal at the institutional level.

In the next edition of our Analyst Spotlight series, @HCDuschang and the @coinmetrics team dive deep into $ETH, covering its historical investment performance, adoption, supply dynamics and more, all backed by our own Coin Metrics data.

Read the full report here >> https://t.co/3vbgf5y0lp

#PutTruthtoWork #TheFutureofFinance

[CoinMetrics.io @coinmetrics]

Amid the hype around @Polymarket and the U.S. election, our latest #StateoftheNetwork Report, "Polymarket and the Power of Collective Intelligence" by @matiasandroid_ and @TanayVed dives into the prediction market phenomenon.

Key takeaways:
✔️Prediction markets provide real-time, market-driven insights into event probabilities, offering a more dynamic alternative to traditional polling methods.

✔️Polymarket has emerged as one of the most widely adopted prediction market platforms, built on the @0xPolygon Layer-2 blockchain. It has amassed over $200M in #TVL and consumes 25% of all gas on Polygon.

✔️Polymarket’s 2024 U.S. presidential election markets have attracted a cumulative $2.5B in trading volume, with #bitcoin returns showing moderate positive correlation to election odds, suggesting intermittent connections between #crypto and political sentiment.

Read it all here >> https://t.co/d29xmnUrDY

#PutTruthtoWork #TheFutureofFinance

[Tanay Ved 🌊 @TanayVed]

1/Excited to share @coinmetrics' dashboard based on datonomy™ - a digital asset classification framework built in collaboration with @MSCI_Inc and @GoldmanSachs helping us navigate the vast crypto landscape🧵

Find the dashboard at: https://t.co/b0PabD3udr

[CoinMetrics.io @coinmetrics]

In this issue of @coinmetrics State of the Network, @TanayVed and @matiasandroid_ provide an update on crypto-asset valuations, sector performance and volumes leveraging datonomy™, a classification system for the digital asset ecosystem. 

Read the full >>>> https://t.co/XlU7QOYhjw

#PutTruthToWork #FutureOfFinance

[ria bhutoria @riabhutoria]

Still blows my mind that Tron has such a large share of the stablecoin market

>1/3 of stablecoin supply (mostly USDT) is on Tron, second to Ethereum

USDT on Tron had $384B of adj. transfer value in July - highest of any stable on any chain

h/t @coinmetrics new stablecoin dashboard: https://t.co/sHDdNcvYh5

[Sydney Rice @SydMRice]

https://t.co/UlMvfBDp59

[Sydney Rice @SydMRice]

One week since the Ether ETF! In Today's STON @matiasandroid_ and @TanayVed took a deep dive into the Staking Landscape and released our new staking dashboard to take a deeper dive! ( 🔗 https://t.co/WmHfNW9d0z)

[Sydney Rice @SydMRice]

⚙ Approximately 33.5 million ETH, valued at ~$115 billion, is staked on the Ethereum consensus layer, representing 27.8% of the total ETH supply.
⚙ There are currently 1.05M active validators participating in the network, growing by 15% in year-to-date in 2024.