Institutional-Grade Analysis, In-depth Insights, Animoca Brands Research

Animoca Brands Research

Institutional-Grade Analysis, In-depth Insights

Animoca Brands Corporation Ltd. is a Hong Kong-based game software company and venture capital company

Crypto

<ul><li>The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of institutional TradFi giants like BlackRock, Franklin Templeton, Invesco, UBS, and Apollo.</li><li>The key challenge hindering DeFi scale is not creating tokenized assets, but distributing them to the DeFi ecosystem.</li><li>This bottleneck is a complex knot of regulatory fragmentation and requirements, the inability of permissioned assets to integrate with permissionless DeFi protocols, multi-platform interoperability, information asymmetry for investors, and attracting sufficient demand.</li></ul>

The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of institutional TradFi giants like BlackRock, Franklin Templeton, Invesco, UBS, and Apollo.The key challenge hindering DeFi scale is not creating tokenized assets, but distributing them to the DeFi ecosystem.This bottleneck is a complex knot of regulatory fragmentation and requirements, the inability of permissioned assets to integrate with permissionless DeFi protocols, multi-platform interoperability, information asymmetry for investors, and attracting sufficient demand.

Tokenized Real-World Assets: Could Vaults Solve the DeFi Integration Challenge?

Specialising in Fintech - Research and Development, Kiitot

Tatja Karkkainen

Specialising in Fintech - Research and Development

Kiitot

Tatja specialises in digital assets and machine learning. She has authored a number of academic papers relating to network effects, financial inclusion, crypto futures and FOMO. Her interest lies especially in predicting long term value. She has had a long and successful track record in institutional investor relationship management, IT and alternative investments. PhD in (Finance) Fintech, MA in Politics, BA in International Relations and Politics. CAIA, IMC, Series 3.

<ul>
<li>Valuation inflated by AI market enthusiasm, not genuine federated learning adoption, and limited exchange listing. </li>
<li>Demand for federated AI data solutions remains uncertain at this stage.</li>
<li>High execution risk persists, as federated learning infrastructure is still conceptual and progress may lag expectations.</li>
</ul>


Valuation inflated by AI market enthusiasm, not genuine federated learning adoption, and limited exchange listing. 
Demand for federated AI data solutions remains uncertain at this stage.
High execution risk persists, as federated learning infrastructure is still conceptual and progress may lag expectations.


(COAI) ChainOpera - Decentralised Federated Learning for AI

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

<ul>
<li>Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading</li>
<li>Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance</li>
<li>On-Chain metrics provide unique alpha signals unavailable in traditional markets</li>
</ul>


Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading
Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance
On-Chain metrics provide unique alpha signals unavailable in traditional markets


New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>In recent years, we have seen a surge in new crypto projects launching with billion-dollar market capitalizations right from the start.</li><li>This trend includes projects like Aptos, Sui, Celestia, and others.</li><li>If you examine the top 100 cryptocurrencies, it is evident that the list increasingly comprises recently launched, highly hyped cryptocurrencies that boast valuations that would make many Nasdaq-listed companies envious.</li></ul>

In recent years, we have seen a surge in new crypto projects launching with billion-dollar market capitalizations right from the start.This trend includes projects like Aptos, Sui, Celestia, and others.If you examine the top 100 cryptocurrencies, it is evident that the list increasingly comprises recently launched, highly hyped cryptocurrencies that boast valuations that would make many Nasdaq-listed companies envious.

Crypto Moves #39 – The Token Unlocking Saga Is (Mostly) a One-Way Down Game

Crypto Research and Data, Delphi Digital

Delphi Digital

Crypto Research and Data

Institutional-Grade Crypto Research & Data

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

<ul>
<li>Traditional equities confer specific rights to their holders, such as voting power and dividends. Tokens offer distinct advantages, including implementation versatility, composability—especially within DeFi—and other functionalities unattainable with securities.</li>
<li>The innovative designs of tokens play a pivotal role; they not only channel value back to the token holders but also exert a direct impact on the token’s market value.</li>
<li>In this report, we explore four value accrual mechanisms implemented by tokens. These include: (i) Buyback and Burn; (ii) Real Yield; (iii) Tax-Tokens; and (iv) Book Value Tokens</li>
</ul>


Traditional equities confer specific rights to their holders, such as voting power and dividends. Tokens offer distinct advantages, including implementation versatility, composability—especially within DeFi—and other functionalities unattainable with securities.
The innovative designs of tokens play a pivotal role; they not only channel value back to the token holders but also exert a direct impact on the token’s market value.
In this report, we explore four value accrual mechanisms implemented by tokens. These include: (i) Buyback and Burn; (ii) Real Yield; (iii) Tax-Tokens; and (iv) Book Value Tokens


More Than Just Governance: Unpacking Value Accrual Mechanisms in Crypto

United States

Chainlink is a decentralized oracle network. Oracles provide the data needed for smart contracts to function. Chainlink provides the technology and ecosystem that connects on chain smart contracts to off chain data sources. LINK is the native token of the Chainlink network. It is used as a payment method for oracles services on the network as well as a form of collateral backing up oracles services.

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Chainlink (XLIUSD CURNCY)

Tokenized Real-World Assets: Could Vaults Solve the DeFi Integration Challenge?

The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of...

Animoca Brands Research

(COAI) ChainOpera - Decentralised Federated Learning for AI

AI market enthusiasm has inflated valuation of this federated learning focused token despite limited adoption and uncertain demand, with high...

Tatja Karkkainen

New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

AI Agent Deep Dive! Not enough time to READ 👀? Check out the AI Agent Deep Dive Discussion of this Paper on Youtube: https://youtu.be...

William Mann

Crypto Moves #39 – The Token Unlocking Saga Is (Mostly) a One-Way Down Game

In recent years, we have seen a surge in new crypto projects launching with billion-dollar market capitalizations right from the start. This trend...

Steno Research

More Than Just Governance: Unpacking Value Accrual Mechanisms in Crypto

Tokens offer distinct advantages over traditional equities, with versatile implementation and unique functionalities unattainable with securities....

Delphi Digital

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tokenized Real-World Assets: Could Vaults Solve the DeFi Integration Challenge?

The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of...

Animoca Brands Research

(COAI) ChainOpera - Decentralised Federated Learning for AI

​AI market enthusiasm has inflated valuation of this federated learning focused token despite limited adoption and uncertain demand, with high...

Tatja Karkkainen

New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

AI Agent Deep Dive! Not enough time to READ 👀? Check out the AI Agent Deep Dive Discussion of this Paper on Youtube: https://youtu.be...

William Mann

Crypto Moves #39 – The Token Unlocking Saga Is (Mostly) a One-Way Down Game

In recent years, we have seen a surge in new crypto projects launching with billion-dollar market capitalizations right from the start. This trend...

Steno Research

More Than Just Governance: Unpacking Value Accrual Mechanisms in Crypto

​Tokens offer distinct advantages over traditional equities, with versatile implementation and unique functionalities unattainable with securities....

Delphi Digital

AI market enthusiasm has inflated valuation of this federated learning focused token despite limited adoption and uncertain demand, with high...

Tokens offer distinct advantages over traditional equities, with versatile implementation and unique functionalities unattainable with securities....