Colleen Sullivan

My take on Bitcoin and quantum computing: nehanarula.org/2026/04/03/bit… tl;dr: I think the risk is high enough to warrant prioritizing designing, implementing, and evaluating post-quantum signature schemes and consensus upgrades in Bitcoin now.

Alliance is ramping up hiring during the bear market. We’ve recently onboarded a CLO, Head of Custody, and an Engineering Lead and looking to expand our team. We’re looking to add a Partner to grow our mentorship program *an ex-founder interested in investing + working closely with founders, alongside Qiao and me* As well as a Growth Lead to own socials, comms, and our content studio. If you’re interested, or know someone who might be, feel free to DM me or send a warm intro (preferred).

@perkinscr97 @FTI_Global Congrats Chris!!

Today, I’m very excited to announce that I will be joining @FTI_Global as the head of Franklin Crypto. The convergence of traditional finance (TradFi) and the digital asset ecosystem is no longer a "future" trend—it is the reality of 2026. As I prepare to step into my new role leading Franklin Crypto with @sethginns and Tony Pecore, I am incredibly energized to help lead this firm’s continued evolution in a space that is fundamentally rewiring how global markets operate. Crypto’s institutional era is upon us, and to succeed, Franklin Crypto must leverage its deep and unique understanding of crypto and traditional finance to build differentiated, scalable and compliant products for our clients. My journey has always been defined by a foot in both worlds: the rigorous, disciplined structures of traditional finance and the high-velocity innovation of the crypto markets. At Franklin Templeton, my goal will be to leverage this unique vantage point to partner with our clients, building the institutional-grade products they need to succeed in this new digital frontier. We aren't just observing the market; we are active participants in its transformation. Markets are tokenizing. The once-distinct lines between crypto and traditional assets are blurring into a single, cohesive financial landscape. Perhaps most importantly, the era of the "9-to-5" market is fading as we embrace the reality of 24/7 global liquidity. It is fascinating to look back even just a few years. Previously, there was a perceived "reputational risk" for an institution to be involved in crypto. Today, that narrative has completely flipped. In 2026, the true reputational risk lies in not having a digital asset strategy. As the "Institutional Era" of crypto takes hold, our clients expect more than just exposure—they expect sophisticated navigation with people they can trust. Franklin Templeton has spent years building the foundational infrastructure—including the proprietary Benji Technology platform—and the deep internal expertise necessary to manage these assets with the same precision as any traditional portfolio. The timing for this transition couldn't be better. We are currently seeing a unique divergence: while broader market sentiment may fluctuate, the underlying fundamentals of the crypto markets continue to improve at an exponential rate. Our mission is simple: to attract the best investment talent, build leading digital infrastructure and support the needs of our clients in this exciting new world. We differentiate ourselves through an exceptionally deep knowledge of both crypto-native protocols and traditional asset management. By combining this expertise with Franklin Templeton’s legacy of operational excellence, we are perfectly positioned to deliver for our clients as they scale their own digital journeys. I look forward to what we will build together.

1/ Natively tokenized @galaxyhq shares are now available on @Kamino’s Superstate Market. Eligible ex-US investors can bring shares onto @solana through Superstate and use them as collateral to borrow stables. The real shares of a major public company have entered DeFi.

Many are wondering "what Google saw" that caused them to revise their post-quantum cryptography transition deadline to 2029 last week. It was this: research.google/blog/safeguard…

The "end of the beginning" for tokenization is upon us— @SECPaulSAtkins at @blockworksDAS just said an Innovation Exemption is coming "in the next month or so" What it enables: compliant onchain trading of tokenized NMS securities on AMMs using public blockchains. 3 conditions: → Issuer consent → Permissioned access (whitelisting) → Volume limits The SEC's goal: real data on onchain settlement efficiency and liquidity formation. The rails are built. The policy is catching up. @SuperstateInc is ready.

🚨JUST IN: The @SECGov and @CFTC have issued joint, Commission-level interpretive guidance outlining how federal securities laws apply to certain crypto assets and transactions. This follows a submission to OIRA earlier this month signaling the agencies’ intent, and was approved by all three SEC commissioners (Atkins, Peirce, Uyeda) as well as @ChairmanSelig. The guidance establishes a token taxonomy and addresses how activities like staking, mining, airdrops, and wrapping are treated under existing law. Notably, SEC Chair @SECPaulSAtkins says it reflects that most crypto assets are not themselves securities and that investment contracts can come to an end. While interpretive guidance doesn’t change the law, it reflects how regulators intend to apply it, giving the market a clearer directional signal. Separately, this is distinct from the SEC’s still-pending rulemaking on crypto asset offerings.

HOT 🔥 off the press @federalreserve @usocc & @FDICgov just jointly clarified capital treatment of tokenized securities tl;dr: tokenization doesn't change the risk weight. But there's a detail in here that onchain RWA builders should pay attention to Quick 🧵

@HadickM @AmirSarhangi & @CryptoDcwby @trySkyfire

Ok, who is the single smartest builder/operator in the SF fintech scene on agentic payments?

Next Stop: Lake Placid! The Tigers are headed to @ecachockey Championship Weekend!

Mazel Tov Issy Wunder on being named Ivy League Player of the Year and 1st Team All-Ivy 🤩 Mazel Tov Georgia Schiff on making the 2nd Team All-Ivy, and Piper Grober & Rosie Klein on making the Honorable Mentions 🤩 ivyleague.com/news/2026/2/25…

Now that everyone's excited about hockey - check out Hamilton vs Amherst today at 2pm ET & Princeton take on Harvard next weekend in the playoffs! Watch for Sadie Klein (Hamilton) & Rosie Klein (Princeton), my daughters, both #15! 🇺🇸🇺🇸🇺🇸

@JewishHockey 🔥🔥🔥

Perfect shot by Rosie Klein (NCAA) from the point 🎯

1' left, 1st pd | #8 Princeton 1, Brown 0 Roșie Klein buries it! Tigers score first! 💻: espn.com/watch/player/_…

LFG @rosieklein_9!!!

FOR THE FIRST TIME EVER! @ecachockey CHAMPIONS!

Feeling Great At 🎱!

Congrats to @trmlabs on the raise. They’ve built serious blockchain intelligence—cross-chain analytics + broad asset coverage—to help gov’t + financial institutions fight fraud & illicit finance. If you like hard data/infra/security problems, TRM is hiring trmlink.info/49Yl0l9

@Ben_floyd50 @hiFramework Congrats Ben!

After nearly seven years, I wrapped up my time at Coinbase. Grateful for the people, proud of what we built, and excited for what’s next. Started a new chapter as a Venture Partner at @hiFramework , spending more time with founders continuing to build out our industry.