top of page
Search
Crypto Wealth Management
My last article on private credit capital sourcing talked about the growing opportunity in onchain HNWIs and what is required to reach them. So when I came across the news headline that Citi Ventures participated in a seed-round founding of Vega, a startup to “democratize private wealth management” this week, my brain started racing because that sounded awfully like what crypto is solving for… So I decided to dig in a bit deeper. I wanted to find out a few things: How big is
Harvey
Oct 22, 20235 min read
Money, Goods and Tokenization
After our deep dive into the tokenization industry mapping last week, a change of pace is in order. Instead of focusing on micro-level transaction data aggregation, let’s take a step back and survey the whole tokenization market to understand what is happening across the various commercial application spectrum. Apart from our usually talked about onchain tokenization of securities market, there are 2 other tokenization big verticals that are seeing traction. Tokenized money
Harvey
Oct 16, 20236 min read
Mapping Tokenization Industry
How well do you know of the tokenization industry? While the newsreel of tokenization seems to be in perpetual motion, I have been hard pressed to find a complete overview of the industry players, transactions and value accrual points. Last week Binance published a mapping on the industry that arguably not only left out a lot of important participants but also failed to provide a sense of their relative scale. See below. So I am going to attempt to shine a light on the topic.
Harvey
Oct 9, 20237 min read
Life After Tokenization
During my recent trip to the Real World Summit in New York, there was much talk about institutional experimentation with tokenization....
Harvey
Sep 23, 20234 min read
Building Financial Markets on Blockchain
Tokens are the next generation for markets - Larry Fink, BlackRock CEO I agree. But what is the state of the current market? Which...
Harvey
Sep 10, 20234 min read
Crypto projects have earnings but are they created equal?
Would you prefer receiving 7% fixed for a year or 0.5% variable that could spike up to 50% for a few days but you wouldn't know when that would happen? There has been a lot of discussion about crypto FAANG projects recently, but they all seem to have missed a crucial differentiator. The differing quality of those revenue streams. In our last newsletter, we looked at MakerDAO’s, the biggest crypto project, scaling plan and explored possible revenue, expense and earnings number
Harvey
Sep 2, 20234 min read
Who are the F.A.A.N.G companies of crypto? Part 2 - $100 Billion
Last week we went through MakerDAO’s revenue and expense numbers. At 18.3 P/E, it is currently valued at a lower P/E multiple than every FAANG company. You can join the Insiders Club to get your hands on a complete analysis here . What about its future earnings potential? Good question. In this week’s newsletter, we will unpack MakerDAO founder Rune Christenson’s controversial “ Endgame ” plan that aims to scale the market cap of DAI, Maker's stablecoin, from the current $4bi
Harvey
Aug 19, 20234 min read
Who are the F.A.A.N.G companies of crypto? Part 1 - the biggest
Part 1: $56 billions Who are the Facebook, Apple, Amazon, Netflix and Google of crypto? Crypto is (in)famous for its rollercoaster image to the masses. But what if we can find projects that: generate revenue and earnings hold clear market leadership have clear advantages over competitors This would put crypto projects in the same valuation framework that the Wall Street uses for the FAANG stocks of Nasdaq. I wrote about the 5 FAANG names spanning across 5 different crypto ver
Harvey
Aug 15, 20235 min read
Will onchain organisation be the 8th wonder of the world? Hint: follow the money.
“The most critical catalyst behind our global civilization’s current per capita wealth (particularly compared to our predecessors even...
Harvey
Aug 5, 20234 min read
bottom of page