Director of Institutional & Ecosystem Growth at @ZIGFinance

Dubai, United Arab Emirates
A few weeks ago, pulling off a summit of this scale in Dubai felt impossible. But staying the course was deliberate. Dubai is not just where we meet. It’s where we build, do business, and live. The financial + tokenisation capital of emerging markets. We’re here to stay.
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Who’s going to SGP for Token2049 this year ?
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ZIGChain is now @ZIGFinance Capital Markets onchain. Accessible by everyone !
ZIGChain is now ZIG Finance. Our business has grown beyond infrastructure into financial products, origination, structuring, distribution and ecosystem development, with ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 at the economic centre. We're now building across financial products, origination, structuring, distribution, infrastructure and ecosystem development, with ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 at the economic centre.
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Cape Town Web3 folks 👋 Hosting a casual Proof of Cape: Happy Hour tonight at Kloof Street House. I’m relatively new to Cape Town and thought it would be a good excuse to get some of the local Web3 / digital asset crowd together for a few drinks. We’ve got around 6 spots left if anyone wants to join. luma.com/anoaj9t8
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This man has balls of steel 🐂
Send more ₿ears.
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Philipp Caspers Pabst🚀 retweeted
big milestone for ORO. proud to see the progress and grateful to everyone who supported the vision early on. more ahead.
We have raised a $3M strategic round to make onchain finance feel less like infrastructure and more like a conversation. Backed by: @mhventures & @Maple_block
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Philipp Caspers Pabst🚀 retweeted
ORO was the first project I picked up when I joined @Disrupt_com. A year later, seeing them raise $3M is a strange and very good feeling. When we started: 2,000 followers on X, several hundred users. Today: close to 60,000 and more than 400,000 people have used the product. What I am most proud of is everything in between. Building the brand from nothing, running the Clarity campaigns that changed ORO's distribution completely, and feeding that growth straight back into the product and the positioning. Also got to work with three founders who are each excellent at what they do, which made the whole year better. Still very early. Go and ask ORO.
We have raised a $3M strategic round to make onchain finance feel less like infrastructure and more like a conversation. Backed by: @mhventures & @Maple_block
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Love seeing this. One of our ecosystem dApps, @Ask_ORO , the AI interface layer for onchain finance, just raised $3M. 🚀 Huge congratulations to @DefAi_sage , @katerinaviko , @ZimbarraV and the entire @Ask_ORO team. 👏 Definitely one to watch!
We have raised a $3M strategic round to make onchain finance feel less like infrastructure and more like a conversation. Backed by: @mhventures & @Maple_block
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Philipp Caspers Pabst🚀 retweeted
Bridging On-Chain Governance & Institutional Real-World Assets nitter.net/i/broadcasts/1dGYlazBQ…
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Philipp Caspers Pabst🚀 retweeted
497,832,500 more to go! 💪
The second monthly ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 acquisition cycle is complete. A portion of ZIG Markets revenue funded daily open-market acquisitions, totalling 1,130,700 ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01, up from 1,038,600 in the first. Every token landed onchain: zigscan.org/tx/B55DCAAE29900…
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Make sure to tune in!
Who owns the infrastructure connecting deep impact investing to institutional liquidity: decentralized communities or regulated markets? As real-world assets scale, how do we bridge frontier market governance with institutional-grade distribution? From aligning community impact with global yield to designing compliant, AI-driven on-chain assets, we're cutting through the noise. Join us for Fireside Chat: Bridging On-Chain Governance & Institutional Real-World Assets! 📅August 19th | 12:00 PM UTC 🎙️Host: Pauli Speaks ( @pauli_speaks) , Strategic Advisor & Coordinator at @rwaweek 👉Guests: • Samuel Chen ( @SC4_15 ), Co-Founder at @kula_dao • Philipp Caspers-Pabst (@phil_cp) , Director of Institutional Growth at @ZIGChain Got questions? Drop them below! Save your spot here: linkedin.com/feed/update/urn…
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Philipp Caspers Pabst🚀 retweeted
I agree with the failure mode, but not entirely with where the diagnosis lands. This is less about an RWA credit facility failing and more about a badly constructed leverage and liquidation stack turning credit deterioration into an insolvency cascade. NAV, market price and realizable recovery value are three different things. A “Verified NAV Oracle” may prove that a number came from an approved source, but it cannot prove that the underlying loans can be sold or recovered at that value. Even a perfectly reported NAV is not necessarily an executable liquidation price, so pairing it with 91.5% LLTV and recursive leverage is structurally unsound. Morpho is simply executing the parameters configured for that market. The real risk sits across underwriting, oracle methodology, curation, leverage limits, redemption design and the legal claim behind the token. When impairment recognition is slow, liquidity is uncommitted and enforcement rights are unclear, composability does not remove the risk, but it distributes and compounds it. Vaults and tokenization are infrastructure primitives, not substitutes for credit architecture. Institutional onchain credit must match the liquidity and duration of its liabilities with the reality of the underlying assets, while hard-coding conservative advance rates, exposure limits, impairment triggers, redemption rules and enforceable recovery rights. The objective should be to bring the controls of finance onchain alongside the assets, not to make illiquid credit appear liquid. Diagram is illustrative :)
How an RWA credit facility blows up 1. You deposit USDC into an onchain credit facility and get a yield-bearing stablecoin in return ("USDX"). USDX is backed by a portfolio of loans to offchain borrowers, according to the marketing. 2. USDX's issuer creates a Morpho market where you pledge USDX and borrow USDC, up to a 91.5% LLTV. You go to Morpho, post your USDX, borrow USDC, buy more USDX, and repeat. You now have 10x leverage. 3. Morpho values USDX using the portfolio’s NAV, relayed onchain by a “Verified NAV Oracle.” The oracle doesn't verify that the loans are worth that amount, or that the collateral can be liquidated. They pass along the issuer's self-reported NAV, which increases mechanically at par plus the coupon rate. If you bought on Day 1 at $1.00, and the annual coupon was 7%, it would be worth $1.07 on Day 365. 4. The borrowers begin to deteriorate offchain, payments stop flowing in, covenants are busted. Your Morpho position looks fine because the USDX price from the oracle continues to increase. 5. Finally the issuer marks down the NAV, on the quarterly schedule. Assuming a 91.5% liquidation threshold, a position at 90% LTV only needs a 1.64% decline to be liquidated. Several looped positions immediately fall underwater. 6. The markdown causes a run. USDX holders submit redemptions at the published NAV. The issuer pays the first redeemers from its cash sleeve, leaving the remaining token supply backed by a less liquid loan book. 7. Once the cash is exhausted, the issuer pauses redemptions, or begins selling loans at a discount. USDX is listed on DEXs - to facilitate orderly liquidations in situations like this - but it trades far below NAV because it can no longer be converted into cash. 8. On Morpho, USDC suppliers withdraw the remaining liquidity, causing borrowing rates to spike and pushing the debt positions further underwater. 9. A liquidator shows up and buys USDX, repaying a portion of the debt. They try and trade it on the DEX but it can't absorb the volume. They try and redeem directly with the issuer but they are stonewalled. They find out the token doesn't actually represent a legal claim on the collateral, or really anything, despite what the marketing said. 10. No other liquidators show up. At a 91.5% LLTV, the liquidation bonus is only ~2.6%, not nearly enough to step in and pursue recovery. 11. You lose your initial investment. The CEX "Earn" depositor who unknowingly funded the whole operation (via an embedded curator vault), loses their entire position.
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Philipp Caspers Pabst🚀 retweeted
Laser Digital has made a strategic investment in @ZIGChain and partnered with ZIG Markets to bring institutional-grade financial products onchain. Vaults need assets worth underwriting. Origination is the constraint. ZIG Markets brings regional origination across MENAP, we bring the risk framework across a pipeline spanning private credit, PayFi and SME financing. Read More: coindesk.com/business/2026/0…
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Philipp Caspers Pabst🚀 retweeted
guys, i'm not going to lie... this announcement of @ZIGChain made me EMOTIONAL. imo, this is the biggest announcement ever. tbh, ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 already has some insane institutional names involved, apex group, standard chartered, tokeny, dinari... but... this one is different. @LaserDigital_ is part of nomura, one of the biggest financial institutions in japan. these guys do serious due diligence before they attach their name, reputation and capital to a project. laser digital is making a strategic investment into the zigchain ecosystem. bruh... that's not just another partnership announcement. they're committing capital. they're bringing private credit onchain through zigchain. that's what ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 has always stood for. saying you're going to transform capital markets is one thing. actually executing at this level is something else. this just confirms the rwa thesis for me. institutional players don't just find zigchain interesting. they actually want to build on it. i just have this feeling in my gut. price will follow. we're building such a ridiculous foundation. laser digital. apex group. standard chartered. tokeny. dinari. i genuinely believe people will look back at this period and wonder how ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 was still valued this low.
Laser Digital, the digital asset arm of Nomura Group, has invested in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 This one genuinely means a lot to me. When we first started speaking, nearly two years ago now, I could see we were closely aligned. We both believed finance would move onchain, but that doing it properly would require credible institutions, strong risk standards, and built to scale. Today, Laser Digital is partnering with @ZIGChain, investing in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 and working alongside the ZIG Markets team to bring financial products onchain. For me, this completes the loop we have always believed in: real onchain businesses generating real economic activity, and all the value created by that business flowing back to the native asset at the centre of the ecosystem. Seeing an institution of this calibre back both what we are building and the asset behind it is a powerful validation of what we’ve been working toward. A long time coming, and we’re just getting started.
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Philipp Caspers Pabst🚀 retweeted
Laser Digital, the digital asset arm of Nomura Group, has invested in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 This one genuinely means a lot to me. When we first started speaking, nearly two years ago now, I could see we were closely aligned. We both believed finance would move onchain, but that doing it properly would require credible institutions, strong risk standards, and built to scale. Today, Laser Digital is partnering with @ZIGChain, investing in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 and working alongside the ZIG Markets team to bring financial products onchain. For me, this completes the loop we have always believed in: real onchain businesses generating real economic activity, and all the value created by that business flowing back to the native asset at the centre of the ecosystem. Seeing an institution of this calibre back both what we are building and the asset behind it is a powerful validation of what we’ve been working toward. A long time coming, and we’re just getting started.
1/@LaserDigital_, the digital asset arm backed by Nomura, has given us their backing, investing in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 and teaming up with ZIG Markets to bring institutional-grade credit onchain, built and governed the way banks and family offices actually expect.
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Philipp Caspers Pabst🚀 retweeted
1/@LaserDigital_, the digital asset arm backed by Nomura, has given us their backing, investing in ethereum:0xb2617246d0c6c0087f18703d576831899ca94f01 and teaming up with ZIG Markets to bring institutional-grade credit onchain, built and governed the way banks and family offices actually expect.
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Just wrapped up a trip to London. A proper trip down memory lane. I left the UK in 2019 as a Web3 entrepreneur building one of my first RWA tokenisation ventures. Back then the vision was ahead of the market and regulation. Today, it’s great to see traditional finance and Web3 finally converging. London and Paris are becoming major hubs for institutional digital asset innovation, and we’re excited to be building more partnerships across Europe at ZIG Markets and @ZIGChain . #RWA #Tokenization #Web3
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Philipp Caspers Pabst🚀 retweeted
1/ Exchanges and fintechs already have the users and the trust, and their product teams decide which investments reach those users inside the app. Philipp brings ZIG Markets into that decision, and he keeps crypto jargon out of the whole conversation.
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