“Fanaticism consists of redoubling your effort when you have forgotten your aim.” – George Santayana
IN THIS NEWSLETTER
Why Pontes is not about CBDCs
Markets: a new vibe
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In the week to September 9th, three quarters of Robinhood stock-token swap volume traded outside the NYSE session.
For more detail, check out Allium’s recent report.
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WHAT I’M WATCHING
Why Pontes is not about CBDCs
Yesterday, Europe took a big step forward on its path to tokenized markets. True to form, it did so through legacy institutions rather than by encouraging private innovation – but, to be fair, it solved a problem that had been holding the ecosystem back, and it did so with full establishment support.
The Eurosystem’s platform for tokenized asset settlement, known as Pontes, is now live.
Before I dive into its features, some definitions are in order.
