1/ Tracking the Usual USD0++ Chain of Events and Our Approach
Timeline
4:56PM ET: Usual notified us and other curators that unconditional 1:1 redemption of USD0++ on the primary market is now over, via Telegram.
1/ The US Senate just voted 60-38 to overturn SAB 121
This is a BIG deal!
It is the 1st crypto bill to get to the President
It also sends a message to @SECGov that they are screwing up
What is SAB 121?
Why is this vote a big deal?
How did the banks help crypto win here?!
👇
Our mission at Atlendis has always been to make it easy for everyone to access the finest curated off-chain Asset-Backed deals directly on-chain🫡
To advance this mission, Atlendis will be expanding to @modenetwork🟡 on the 29th of April
A thread about what it means and what is to come 🧵:
👂 Hear it Here First 👂
Institutions are in the driver's seat now. 💺
How they view risk is crucial. 👀
Join us with @cicadacredit Thursday, March 7, @ 9:30 am EST to learn how they're laying the groundwork for on-chain risk analysis. 🔍
nitter.net/i/spaces/1YqGoDVqvQbJv
👂 Hear it Here First 👂
Institutions are in the driver's seat now. 💺
How they view risk is crucial. 👀
Join us with @cicadacredit Thursday, March 7, @ 9:30 am EST to learn how they're laying the groundwork for on-chain risk analysis. 🔍
nitter.net/i/spaces/1YqGoDVqvQbJv
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of @cicadacredit.
trib.al/FgSZAKS
We hope everyone is having a great holiday season. Check out our newsletter that wraps-up what we have been working on this year. Cheers to a prosperous new year in 2024! cicada.partners/so/99Oohmc8f…
Today marks a significant milestone for the Cicada team as we’ve launched our first private Asset-Backed Line of Credit in our strategic partnership with @AtlendisLabs . businesswire.com/news/home/2…
Goldman Sachs Group Inc.’s asset management arm seeks to double the size of $110 billion private credit business in the medium term.
“We think it’s the biggest opportunity set across the alternative space,” - GS
TLDR: Only over the very long term can tokenization help reduce some of the structural inefficiencies resulting in the long-term outperformance of active management vs. passive. In the meantime, the notion of “passive” management in credit is deeply flawed.