Innovation
AI, Data, and the New Architecture of Financial Markets
October 18, 2025 • 5 min read
How model-driven signals and automation are reshaping pricing, execution, and risk in digital asset markets.
Read MoreLatest Thinking
Insights designed to navigate market structure, policy change, and digital finance.
Our analysts publish focused perspectives that blend macroeconomic signals, digital asset structure, and institutional governance. Each article is designed to inform strategy and execution.
Research Themes
Execution
Practical playbooks for operating models, trading infrastructure, and credit formation.
2 briefs
Market Structure
Depth, flow, and liquidity formation across global digital asset venues.
1 brief
Innovation
Emerging technologies, data sources, and research tooling reshaping institutional workflows.
1 brief
Treasury & Risk
Balance sheet strategy, treasury operations, and risk disciplines for digital assets.
1 brief
Policy & Governance
Regulatory movement and governance standards guiding compliant adoption.
1 brief
Infrastructure
Connectivity, settlement, and interoperability across public and private networks.
1 brief
Sustainability
Responsible finance, ESG integration, and stakeholder alignment in digital markets.
1 brief
Featured Analysis
The Liquidity Transition of Bitcoin in Asia — Q4 2025 Outlook
October 20, 2025 • 6 min read
Assessing exchange depth, basis spreads, and regional market structure as Asia re-prices liquidity and leverage.
Explore the briefInside the Report
- Why now: contextualises the latest signals shaping liquidity, regulation, and institutional adoption windows.
- Operational impact: distils execution, risk, and governance actions teams can sequence over the next quarter.
- Cross-market view: connects insights across geographies, asset classes, and counterparties to inform holistic strategy.
Latest Briefings
Chronological view of our most recent publications.
Treasury & Risk
Quarterly Survey of Stablecoin Liquidity and Reserve Compositions
October 5, 2025 • 7 min read
Comparing reserve mix, redemption mechanics, and secondary market liquidity across the largest fiat-referenced stablecoins.
Read MorePolicy & Governance
Emerging Policy Signals for Digital Asset Adoption
September 30, 2025 • 7 min read
Interpreting regulatory developments that are accelerating institutional adoption across key jurisdictions.
Read MoreExecution
Building Institutional Credit Desks on DeFi Infrastructure
September 18, 2025 • 9 min read
Operating blueprint for institutions structuring secured lending, risk governance, and liquidity buffers across DeFi credit markets.
Read MoreExecution
Designing Operating Models for Tokenised Fund Platforms
September 12, 2025 • 8 min read
Key decisions for asset managers architecting custody, distribution, and governance for tokenised fund offerings.
Read MoreInfrastructure
Interoperability Update on Cross-Border Digital Asset Settlement
August 31, 2025 • 6 min read
Evaluating pilots that link wholesale CBDC sandboxes with private settlement networks to streamline cross-border flows.
Read MoreSustainability
Integrating ESG Mandates into Digital Asset Treasury Programs
August 28, 2025 • 6 min read
Frameworks for aligning digital asset treasury strategies with sustainability reporting and stakeholder expectations.
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