Bubba
5.4K posts

Bubba
@bubbaa
Bubba like to trade internet beans


This week's show is up and edited now, wherever you get your pods across RSS. Thanks to @therosieum for hanging and sorry to the audience that we waited til after the stream for a deep dive on Armenian history and culture. Just an excuse to run it back I suppose. Back same time next week! Here's Spotify: open.spotify.com/episode/4MjEqf…

Today, HIFI participated in DTCC's first production trades of tokenized U.S. securities, alongside BlackRock, J.P. Morgan, Goldman Sachs, Nasdaq, NYSE, and 30+ other institutions. HIFI participated in two onchain U.S. Treasury repo trades, executed on two venues: Tradeweb and Temple Digital Group's RFQ platform. In each trade, a DTC-tokenized Treasury supplied by DRW was financed against tokenized cash, with Marex as prime broker. Delivery versus payment, in real time, while the underlying security remained within DTC's existing book-entry framework. As part of the initiative, HIFI powered the cash leg, moving USD from a fiat account into onchain USDC, then into USDCx on Canton to fund the trades. At maturity, the flow reverses through HIFI back to fiat. This builds on the onchain repo we completed with DRW, Marex, and Tradeweb in June. And the tokenization and custody are now handled by DTCC, the market infrastructure that processed $4.7 quadrillion in transactions last year. Repo is a $12.6 trillion daily market. With the DTCC Tokenization Service launching in October 2026, the funding layer beneath U.S. capital markets is moving onchain. HIFI is building the rails that connect it to the banking system. Congratulations to @The_DTCC, @DRWTrading, @MarexGlobal, @Tradeweb, @temple_ny, and @digitalasset on the milestone.


NEW: SEC Commissioner Hester Peirce says crypto vaults and onchain lending strategies could fall under U.S. securities laws depending on how they're structured and managed. She urged builders to work with the SEC on compliant paths forward rather than "do headstands, backflips, and other gymnastics" to avoid the law.

















