Pierre

Building tools for RWA
15 years in TradFi

[Pierre @pbentweets]

Cross distribution agreement between @ethena and @JHIAdvisors. For the former, it will improve distribution / adoption of its USDe token and for the latter it will improve distribution for its CLO tokenized funds.
Distribution is the battleground for RWA adoption.

[Ethena @ethena]

Ethena has partnered with Janus Henderson, a $480 billion asset manager, to allocate and support the distribution of their liquid high-quality CLO tokenized funds.

As part of the partnership Janus Henderson has made a strategic investment into Ethena's governance token, will allocate into USDe as part of their treasury cash management, and is also exploring avenues to distribute USDe to their client base via exchange traded instruments.

[Pierre @pbentweets]

MiCA already under review? The space is changing fast and finding the balance to have some regulation to protect consumer and allow innovation should be central.
With 99.5% of all issued stablecoin pegged to usd, euro is far behind.

https://t.co/1SoSilmOux

[Pierre @pbentweets]

Vaults has become a clear distribution channel for tokenized assets. @plumenetwork obtaining a license helps to standardized this distribution approach.

https://t.co/6dzxBzl8P2

[Pierre @pbentweets]

Aave already ranks as the 38th largest "bank" in the US by assets. @StanChart now sees $4T tokenized by 2028, split 50/50 stablecoins/RWAs. The protocol layer is becoming a peer to the institutions that will plug into it — not a counterparty, a category.

https://t.co/U4xMSFYFt1

[Pierre @pbentweets]

Going through @Figure 's latest quarterly results.
Followig how fast Hastra can scale with the distribution going to third party partners will be interesting. The ecosystem chart also caught my eye. It shows all the layers an onchain financial institution needs to build for success: origination, tokenization, marketplace, distribution.

[Pierre @pbentweets]

Permissioning is inherently a feature of RWA investing in developed markets.
Great piece from @flipdazed quantifying the cost of hacks as a % of TVL. This is exactly how TradFi investors frame risk — aggregate, normalize, and measure.
If it can be measured; it can be priced and managed.

[Alex McFarlane @flipdazed]

https://t.co/yktAIueCNk

[Pierre @pbentweets]

Until issuance happens natively onchain, creative workarounds like @grovedotfinance Basin facility will help grow assets onchain to a size when native issuance and onchain distribution becomes the first choice

[Grove Finance @grovedotfinance]

RWAs are about to have their stablecoin moment.

Introducing Grove Basin: programmable credit infrastructure enabling eligible tokenholders instant stablecoin liquidity for approved exits from tokenized offchain assets.

Up to $1 bn in committed daily liquidity.

Tap in 🚰

[Pierre @pbentweets]

Two thoughts. Overall great move from @SG_Forge to support its stablecoin growth. In the stablecoin landscape, the bigger you can get the more trustworthy you’ll become. Then accepting tokenized assets as collateral not only makes sense but is a natural tailwind for further adoption.

[Canton Network @CantonNetwork]

SG-FORGE, the crypto arm of Société Générale, is expanding to the Canton network to scale tokenized collateral, onchain trading, and stablecoin financing.

↓ Get the details.

https://t.co/e6mNqqza3w

[Pierre @pbentweets]

A lot is being discussed in this article. Excited to see when @dropprwa will let stablecoin holders buying property onchain.

https://t.co/YQmhKuZ6SV

[Pierre @pbentweets]

Passage just launched by @CoinList; pivoting from token sales to onchain RWA distribution by repurposing their compliance/KYC rails. Distribution is a real battleground in RWA. Open question: does it converge to a TradFi-like setup long term, or does onchain enable genuinely wider distribution? I am leaning toward the latter.

https://t.co/jxeQCTnkOV

[Pierre @pbentweets]

CLARITY cleared a key Senate hurdle. An "Opportunity for TradFi to grow their business..." in Digital Assets. A supportive tailwind for RWA growth.

[Brian Armstrong @brian_armstrong]

Today's vote on the Clarity Act is a big opportunity to move America's financial system forward.