Trillion perspectives
Perspectives on digital asset markets, regulation, and the way we trade.
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Tokenization has spent years being discussed as one of the technologies that could eventually reshape financial markets. That conversation is beginning to change. The question is increasingly less abo
For much of crypto’s development, the industry focused on access: who could trade digital assets, how they could hold them, and which regulated channels could connect traditional finance with the mark
Institutional participation is strengthening again in 2026, but the next phase of the market looks increasingly different from the cycles that came before it. Crypto markets entered the second half of
The best quoted price is only one part of institutional execution. In digital-asset markets, the best price is not always the best execution. A quote may look attractive on screen, but institutional t
Always-on markets are changing how institutions think about execution, liquidity, risk and operational coverage. Traditional financial markets have always been structured around time. Trading sessions
The debate over digital money is becoming more practical. At the Jackson Hole Economic Symposium on August 28, BIS General Manager Pablo Hernández de Cos argued that stablecoins are not a credible fou
