24/7 trading needs 24/7 collateral. @GSR_io’s Managing Director @baehr explains why tokenized Treasuries and money market funds could help keep collateral productive, enable weekend trading and reduce risk as markets move toward an always-on model. @jennsanasie brings you this week’s Brand New Rails.

Heading in for a market update with @KristenScholer at @NYSE

Drop off 😭 😭 😭

"What the SEC is saying here is, well, we sort of have to give these tokenized equities room to trade to see how it works." Here's our own Andy Baehr (@baehr):

The SEC just granted tokenized stock venues a temporary exemption from being classified as an exchange, opening the door to 24/7 trading. Andy @Baehr of @GSR_io tells @RemyBlaireNews it's a way to "test pilot" how tokenized equities actually behave before deciding on permanent rules.

Heading over to @FINTECHTVglobal to talk about this breaking news.

"Progress from an adoption point of view and the amount of budget and high-quality staffing that these big institutions are contributing to this space is pretty breathtaking." From our own Andy Baehr (@baehr):

🚨 New episode of The Meridian: piped.video/watch?v=ZRed11aE… Fast money has an attention span. Slow money doesn't. Andy @baehr of @GSR_io joins @ashgoblue to separate the two: why a flat summer ran alongside one of the steadiest institutional builds this market has had, what actually carries tokenized assets from ~$38B to a trillion, and why tokenized equities don't inherit the liquidity of the stocks they track. This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth: evernorth.xyz/press-release-…

DeFi vaults have become "a discovery vehicle" for crypto investors this year. Andy @Baehr of @GSR_io tells @RemyBlaireNews people who find them say, "this is attractive, I want to buy it," even as questions remain about US regulation and how they'll get distributed globally.

Joining @RemyBlaireNews this morning: - Andy @Baehr, @GSR_io - ⁠Marie Myers, @HPE - ⁠@sonusvarghese, @CarsonGroupLLC - @ambresoub, ⁠@KaikoData - ⁠@EliBenSasson, @StarkWareLtd Live from the Big Board. nitter.net/i/broadcasts/1oJMvNleY…

$ETH held its own and led this rally, even through a macro-led liquidation event last Wednesday. Andy @Baehr of @GSR_io tells @JD_Durkin that makes it "an adoption led rally, growth led rally," backed by rising ETF inflows, higher funding rates, and stronger call buying, though DeFi rates staying low shows people still aren't borrowing to lever up.

Tokenized collateral — the near-term use case that isn't retail "The idea of tokenizing easy short-term fixed income products for collateral is pretty much the easiest use case you can see." @GSR_io MD of Asset Management @baehr, in full with @imyoungsparks at @SALTConference: 00:00 Introduction 00:22 Low-Volume Volatility 01:25 Tokenization Super Cycle 03:18 GSR's Build in Tokenized Markets 04:03 Prime Brokerage Fragmentation 05:56 Lending's Long Runway

At a White House gathering last Wednesday, Trump revealed the CFTC is actively working to bring Hyperliquid into the US in a fully compliant way. Andy @Baehr of @GSR_io tells @RemyBlaireNews it was surprising to hear the president call out one platform by name, but he calls it "the shot in the arm that the industry needed," even as prediction market odds on Clarity passing "haven't shifted dramatically."

Bitcoin extending gains above $72,000, Ethereum back above $2,300 in NY AM trade. What’s behind the latest surge?

THE BLOCK: GSR's Andy Baehr says tokenization remains a major crypto theme with clear institutional use cases, including tokenizing short-term fixed-income products for collateral. @SALTConference

At @SALTConference Wyoming, sat with @TheBlockCo to share thoughts on tokenization, crypto prime brokerage, and how @GSR_io plans to participate in tomorrow's markets.

Is Congress going to pass CLARITY? Kalshi markets show roughly even odds. Our own Andy Baehr (@baehr) has a view. He joined Schwab (@SchwabNetwork) yesterday to summarize the status quote and look ahead to what could come next.

"The uncertainty is worse than the bad news" when it comes to crypto's ten-month winter. Andy @Baehr of @GSR_io tells @KristenScholer the real signal to watch is DeFi lending rates, since rising rates would show people want to borrow more, a sign "energy is returning to the crypto space."