brer wolf

[brer wolf @br_er_wolf]

i wanted to take a moment to explain my thesis for the rest of the run and how my top two holdings fit into it.

so far this cycle, we've seen small projects come and go, following a similar path of launch, hype and decline. the problem with these indie, often so-called 'fair launch' projects (that we've often found to be anything but) like $andr, $agrs, $zeph, etc. is that they're not part of the larger crypto machine. they're simply too indie and don't have the connections or heavyweight backing that will pull the right strings to ensure their survival. kols aren't enough - you need backers and partners; friends in high places. of course, you need a solid project and all the rest, but the connections factor can't be underestimated.

without it, you won't get the right eyes on your project, next to no marketing budget, and you will have an almost impossible time getting listed on a t1 exchange - something that will become more and more important as inexperienced retail enters the market and is unable to access onchain-only projects.

however, as cobie told us, with big backers comes the danger of getting dumped on - backers need exit liquidity after all. thus it is not enough to find undervalued projects with strong backing - they must also have as few emissions from now until cycle top as possible.

my other major consideration is the narrative. it's pretty clear to me that there are two standout narratives this cycle and they are both driven by external catalysts, much like the metaverse run was last cycle. they are rwa and ai. until now, neither of these major potential crypto usecases has been a viable proposition due to the immaturity of either tech or regulatory framework, but this appears to be the cycle where that changes.

both rwa and ai have had one or more 'pre-runs' so far this cycle, which is the same behaviour exhibited by the metaverse vertical before its final blow-off run last cycle. if they continue in its footsteps, they should perform well in the final stages of the run.

of course, memes are also exploding but i'm not interested in those because i am not a cabal member, and so i have no idea what will run beyond just 'vibes' - and any money ventured would be more of a gamble than an investment.

and so to summarise the above, my investment criteria are now as follows:

1. aaa doxxed team with relevant experience in the project's sector

2. market cap under $100m to allow for plenty of room for growth

3. heavyweight industry backing and connections

4. t1 cex listing likelihood

5. minimal/ no emissions

6. rwa or ai

7. shillable

with all of the above out of the way, what are my two top picks for the next stage of the run that satisfy all 7 of the above criteria?

they are $ixs for rwa and $spec for ai.

and while everyone is going on about how there are too many projects now, these are actually the only two projects i have found that satisfy each and every one of these criteria - and i've researched hundreds.

let's go through them. $ixs:

1. great doxxed experienced team, check. take a read through the report by avish i recently reposted for an in-depth look at the excellent team led by julian kwan.

2. market cap is $94m at the time of writing

3. backed by coinbase and partnered with securitize (which is in turn partnered with blackrock) amongst others.

4. it was recently confirmed that the team is aiming for a coinbase listing some time this year.

5. 99% of tokens are already in circulation, therefore barely any emissions.

6. ix swap is a platform for the issuance and trading of tokenised securities and rwa.

7. it doesn't get much more shillable than 'the uniswap of rwa and tokenised securities'.

and $spec:

1. strong doxxed team led by sishir varghese and featuring several experienced machine learning engineers - this is something many other crypto ai projects fall down on.

2. market cap is listed as $88m but is actually $40m due to unclaimed airdrop tokens.

3. spectral labs is backed by franklin templeton, polychain, google and many more. in fact it has one of the most impressive cap tables in the space.

4. $spec is already listed on cryptodotcom, with more listings planned.

5. all airdrop tokens are unlocked and vc tokens are locked until may 2025 - so zero emissions until then.

6. $spec is an onchain ai agent network featuring a first-of-its-kind tool allowing users to create onchain agents using natural language.

7. anyone keeping up with developments in ai will know that ai agents will be a huge part of our daily lives soon. $spec's competition in this space is primarily $olas, whose investor trust has been rocked by the revelation that team members were secretly dumping supposedly locked tokens on the open market and that the team subsequently tried to cover this up, and $mor, with its 400%ish yearly inflation being largely responsible for its abysmal performance since launch.

so a long post, but hopefully one which gives you a better idea of why i'm always banging on about these two projects and why they're my top two holds :)

please read up on them for yourselves if you're interested - and if you know of any other projects which satisfy all 7 of my investment criteria, please do let me know.

[Julian Kwan @julian2kwan]

Our Most Comprehensive RWA Masterclass Online, from @IxsFinance. Free for the IXS Community.

I’ve spent 6+ years building this industry:

✅ First licensed RWA tokens in Asia
✅ 1000s of conversations with regulators, funds, and founders
✅ 100s of conferences, podcasts & panels
All distilled into 2 hours.

No fluff. No hype. Just the reality of RWA adoption.

🎥 Watch here →https://t.co/39O33fRzAa

Institutions like BlackRock, JPMorgan & Franklin Templeton are already here. RWAs are no longer theory they’re finance’s largest opportunity in motion. We have taught regulators, banks, financial institutions and students at universities for love.

📚 If you want to understand it from a team thats been in the trenches since day one, start here. I also need to update this soon when I get a minute or two.
#RWA #Tokenization #Education

[IXS @IxsFinance]

IXS launches the first DARE-licensed decentralized exchange (IXS DEX) for tokenized treasuries, credit, and real assets, unlocking the $20T RWA market.

Backed by @cbventures, UOB, and @TheSpartanGroup, IXS distributes to 225M+ verified wallets through our partners and distribution channels, redefining institutional RWA liquidity.

[Julian Kwan @julian2kwan]

At Bitcoin Asia, meeting many Bitcoin DATs (digital asset treasury) companies as they are now known as @Strategy @saylor are the pioneers and leaders of this model.

@IxsFinance developed our Bitcoin Real Yields product because we were originally asked by the leading BTC miners to offer a way for Bitcoin holders to earn real yields, (not Defi yields) as Bitcoin like gold offers no yield only capital appreciation or depreciation.

Appetite for real yields is strong as is the growing number of 160 public companies globally now operating as DATs and that’s not including the 1000’s of private companies having a BTC treasury along side their day to day existing business.

$2T BTC market cap TAM today and 5,10,50,100T in the making

If you believe in BTC check out our latest product

IXS is just getting started

https://t.co/WzwKtWGeoZ

[RWA Warrior @RWA_Warrior]

Bullish for $IXS, especially with it being integrated on LINE, an asian fintech giant

[Julian Kwan @julian2kwan]

This year, we secured:

✅ Yield channels through tokenized treasuries, MMF, and private credit coming soon

✅ Exchange pathways via CEX partners in Singapore, Philippines, Indonesia with 25M KYC'd users, LATAM and more jurisdictions on the way

✅ Distribution Partnership with LINE Super app and 200M users

✅ Custody integrations with Fireblocks, 3 more custodians in the works

✅First 0% interest BTC collateral loan infrastructure, auditable by institutions with licensed qualified execution partners

IXS became the on-ramp to yield, globally.

[IXS @IxsFinance]

🚨 June AMA Recap: IXS Bitcoin Real Yields & Institutional Momentum

In our June AMA, CEO @julian2kwan wrapped a major U.S. tour and shared key insights from BTC Vegas, Silicon Valley Summit, and beyond.

▪️Bitcoin is going institutional - 220+ firms now hold $BTC as treasury reserves

▪️ IXS Bitcoin Real Yields is now live!

▪️ Every BTC deposit into IXS triggers $IXS token buyback and burn

▪️Earn 4–10% on BTC, backed by Wall Street financial instruments

▪️Miners & corporates holding $500M-$7B BTC are already engaging

▪️Fully regulated, institutional-grade infrastructure

BTC is going institutional and IXS is building the rails.

A recap of our June Monthly AMA is here: https://t.co/gB73atMtN3
Watch the recording: https://t.co/nSPVxXPJVw

[Undine @UrithFaber]

Retail access
No lock up periods
Institutional Grade
6.5% APR
Public Chain (@avax)
Proper Licensing & Infrastructure

$IXS #RWA

[Mr. Anderson @Truecrypto]

The concept of equality often arises from feelings of envy. Because it is impossible to elevate those who are inferior to a higher status, proponents of equality tend to be individuals of lesser ability who seek to bring their more capable counterparts down to their level. Consequently, once a nation accepts the doctrine of equality, it risks being dragged down to the moral, intellectual, and political level of its most unworthy members.

-Rafael Sabatini

[LukeTDD @lukeTDD]

Fade at your own risk.

THE Institutional Exchange Settlement Layer for RWA’s.

$IXS ~ RWA UTILITY POWERHOUSE.

[LaMat (ϙ, ϙ) @LaMat1111]

Sorry, I am not active on X anymore, as I am busy designing stuff for Q these days.

Port update:
WAS mostly $QUIL
NOW mostly $QUIL

Believe.

[Æg0x @aeg0x]

[UPDATE 2.1 – FINAL STAGE]

The ORAM module is gone.
Consensus was remodeled.
All tests passed. One last check remains.

Full recap below (3 images).
$QUIL $wQUIL #Quilibrium #v2_1

[realizoor @realizoor]

Ran the $IXS AMA Summary by ChatGPT, which highlighted the new $BTC Real Yield offering for Institutional Bitcoin holders.

Guys this is "New Paradigm" level shit🔥

(1/4)

[IXS @IxsFinance]

📢 $6B+ in BTC is sitting idle. What if it could earn 4–10% APY without selling?

Institutions now have a compliant way to:

🔹 Borrow USD at 0% interest, collateralized by Bitcoin
🔹 Deploy capital into regulated RWAs (U.S. Treasuries, bonds)
🔹 Benefit from a compliance-first, licensed (SCB Bahamas) platform.
🔹Avoid staking & altcoin risk

This is BTC Real Yield by IXS-the regulated infrastructure layer powering institutional Bitcoin yield.

📖 Dive deeper: https://t.co/khfF3DDC3r
📌Start here: https://t.co/V8lK0yLhni

[Julian Kwan @julian2kwan]

BTC Real Yield just launched 🚀

The first real world asset yields for Bitcoin holders (not Defi or Altcoin rewards) including tokenized treasuries, MMF, private credit and more.

Another world first RWA product from the @IxsFinance team

Super proud to be leading this team and thanks as always to our legendary community for all their support

Just getting started

$IXS
@IxsFinance
https://t.co/KHIHGpGTGB

[realizoor @realizoor]

@IxsFinance Who else in RWA can legally offer tokenized securities to retail (non-accredited) investors? Let alone a distribution network of 225+ MILLION retail investors?

Thought so.

CEX integrations, multi-billion institutional RWA funds launching any day now. Looking forward to it 🔥

[IXS @IxsFinance]

IXS: The Only Licensed Exchange Purpose-Built for Tokenized RWAs

In a market flooded with unregulated platforms and speculative activity, IXS is setting a different standard: compliance-first infrastructure.

Operating under the DARE license issued by the Securities Commission of The Bahamas, IXS offers:

✅ Regulated listing of tokenized securities
✅ Compliant secondary market trading for RWAs
✅ Institutional-grade liquidity under full legal oversight

This is more than a regulatory checkbox; it’s the foundation institutions require to enter the tokenized asset space with confidence.

🔍 Trust. Liquidity. Legal clarity.

That’s what the DARE license enables, and it’s what sets IXS apart.

[Quilibrium Community @QuilibriumOne]

Great infographic highlighting the impressive price difference between QConsole and AWS.

When key management enters the scene, the savings with Quilibrium and QConsole are almost unreal compared to AWS.

And that’s just one of the many perks of life on Q.

$QUIL

[Range @lonerangers25]

‼️Honest TLDR; @IxsFinance - $IXS ‼️

Is IXS: The Lowcap RWA Play for 2025 ?

> 2024 was the year of memes. However, this isn't going to be the case forever.

> If we believe that $ETH will have a run and that attention will shift in crypto to utility projects in important sectors like AI, RWA, DeFi...

- Then its important to be well-positioned in strong products that are providing a real usecase to these sectors.

> RWA is especially important because it ties directly back to what crypto was meant for from the start — financial freedom by moving real assets onto blockchain technology.

From this TL;DR:

> I'll explain why from over the hundreds of lowcaps that I've analysed NOTHING comes close to how undervalued $IXS is 👇

---------------------------
Firstly, Why does Tokenization (RWA) Matter?:

- Tokenization = taking real assets (real estate, stocks, bonds, commodities, etc.) and creating digital versions on the blockchain.

> Big players (banks, investment funds) LOVE this because:

- Trading becomes 24/7, no middlemen delays.
- Systems become faster, cheaper, more transparent.
- Opens up assets to way more investors globally, increasing profits.

$10–16 trillion of assets are predicted to be tokenized by 2030.

*One other thing to note:
> The Biden administration was hostile toward crypto; under Trump, things are turning pro-crypto fast:
> SEC is dropping lawsuits.

Regulatory frameworks are being built to allow legal RWA trading.

Meaning:
> The biggest financial institutions are finally stepping into crypto properly. Starting with RWA.

------------------------------
Finding the Right RWA Projects:

> Most so-called "RWA crypto projects" are just software with no real business or legal setup.

> You can’t just copy some code and "be" a player in RWA.

You must have:
- Government licenses
- Deep financial/legal knowledge
- Industry connections and major backers
- Real offices, teams, compliance structures

**(I'll make a separate post on the many larps that are missing these key criteria to even be considered)**

------------------------
Where IXS Stands Out:

IXS (IX Swap and InvestaX) is one of the only lowcap RWA plays that actually has everything it needs:

1⃣Biggest Backers

> SpiceVC — co-founders of Securitize (works with BlackRock).

> Coinbase — biggest crypto exchange globally; invested early into IXS.

> The Spartan Group — top Web3 investment firm (also backs PENDLE)

> UOB Bank Ventures — investment arm of one of Asia’s largest banks.

- Serious heavyweights that understand what IXS is becoming‼️

-------------------------
2⃣ Elite Advisors

> Balaji Srinivasan — Ex-CTO of Coinbase, one of the most respected minds in crypto.
> Gabriel Abed — Chairman of Binance’s Board and pioneer in digital currencies.

- This isn't "just another advisory board". These are guys who have been in the space for years & understand what it takes to be successful.

**(IXS was the only lowcap under $100mil, that I could find, where the team had relevant, experienced individuals that had built a name for themselves within crypto)**

---------------------------
3⃣ Battle-Tested Team

> 30+ staff with top-tier expertise in:
- Blockchain engineering
- Law and financial compliance
- Capital markets and asset management

They’ve worked directly with regulators, governments, and global finance players.

**(once again you think this is the basic requirement but 90% of lowcaps don't have this lol)**

---------------------------
4⃣ What Problem Does IXS Solve?

> Today’s problem:
✖️You can’t easily tokenize and trade real-world assets.
✖️ Exchanges only want big, liquid assets (high trading volume).

✖️Small/medium assets (e.g., a property in London) have no easy way to be tokenized or traded.
✖️Setting up legally to offer RWAs is slow, expensive, and risky.

> IXS’s solution:

- They built a platform that:
✔️Legally tokenizes real-world assets for businesses.
✔️Creates liquidity pools for trading those assets.
Handles all compliance, regulation, and settlement.

- Think of it as Uniswap but for real-world tokenized assets, not just crypto coins.

---------------------------
5⃣ Real Progress and Adoption

Unlike most utility projects, the progress can be witnessed & you can see the growth of IXS into what the visionaries and backers believe it to become 👇

Already being used live:
> LINE (Japan/Thailand WhatsApp) opened RWA trading to 200M+ users using IXS tech.

> UnionChain launched — a massive RWA-focused blockchain backed by top exchanges in Asia — powered by IXS.

---------------------------
Overall thoughts:

IMO, I don't know what I'm missing out here with IXS?

- It has the licenses needed
- It has the backers (not basements devs with 0 funding)
- It has an experienced team that know how to manage such a massive project
- It is in a main sector which hasn't had a sustained run (RWA)
- It has a stacked roadmap & already becoming integrated, exposing itself to many users

---------------------------
How I'm playing this?
> Adoption is key and just like many other projects that have been successful this cycle.

We need mass onboarding, increase in TVL & metrics.

> However to succeed in long-term high conviction investing you need to enter along the journey not at the final outcome so you track their roadmap

> Ensure the team keeps shipping.
- Ensure the TVL is slowly increasing or progression towards the final outcome is clear

For 2025 $IXS is:
- Onboarding $5B+ of assets (commodities, gold, real estate, treasuries, private credit).
- More integrations with crypto exchanges, apps, and platforms.
- Expansion into the US market as laws change under the new administration.

Alongside this, the tokenomics are fully unlocked + the organic community understands the project & continues with constant awareness. They're in it for the long-run.

If they deliver with this roadmap & we get utility season there's no way that a product with this service + size will stay at such a ridiculously low mcap.

Safe, legit team in a hot sector, with clear goals makes it my best lowcap hodl play.

[Kraut Computer @ComputerKraut]

@MikeIppolito_ Sounds like a real world application

👀@ixsfinance @julian2kwan @br_er_wolf @marwolwarl

[Spectral @Spectral_Labs]

https://t.co/lgPVtWl3yn