This Independence Day ๐ฎ๐ณ, I asked, "What will the next century of young Indians look like?"
$0.01 Drone Deliveries. UAVs that never land. Groceries in under 10 minutes.
Meet The 22nd Century Indian. A Documentary on a New India.
Tim Arrowsmith, a California goat farmer, just hedged $500K on whether Sacramento passes wage relief. If the bill dies, his labor costs quadruple.
Full story here: https://t.co/zELNYTgyOU
Excited to share @castle_tech_ with everyone!
We believe a business should take risk where it has differentiation: execution, product, and growth. It should not be forced to absorb large swings from events it is not uniquely equipped to predict.
At Castle, we are re-thinking the ways businesses manage this volatility.
We've worked on a range of opportunities, and today we're sharing one with our friends at Susquehanna and @Kalshi.
Long ways to go but couldnโt have asked for more goated people to build this with.
Introducing Castle
A company, today, is an unintentional wrapper of macro events: an airline is an embedded oil trade, a solar developer is a tax-credit bet, and a data center is a wager on permits clearing before a moratorium lands. These exposures are intangible, lack historical data, and, therefore, remain unprotected on corporate balance sheets.
On the other hand, there are players who actively seek this risk. As quantitative traders, we modeled these events, and we craved more avenues to express our opinions and to provide liquidity.
Castle exists to bridge this gap. We leverage markets and models to cover the risks that insurers wonโt, enabling businesses to focus solely on their execution.
Read about one of our recent trades, in collaboration with our friends at Susquehanna and @Kalshi , as a CNBC exclusive linked below.
We were quants, engineers, and hedge fund managers. Now, our Mission is to reprice one of the worldโs oldest and largest markets.
Find out more about Castleโs Mission below