make.banc

The CLARITY Act Senate draft is being released this week. The industry response: @coinbase and major crypto players are filing a formal counter-proposal. The specific fight: The current text bans yield on stablecoin balances entirely. No passive returns. Activity-based rewards allowed, if they do not look like interest. The framing matters. Passive yield is how you describe a savings account. Banning it from stablecoins protects banks. Activity-based returns is how you describe what a capital allocation platform actually generates. Two different things being treated like the same thing by legislators who prefer one to survive. The outcome of this fight shapes the entire stablecoin use case for the next decade. Capital that cannot earn passive yield inside a stablecoin will need to move into structured allocation vehicles to generate returns. Platforms built for exactly that are not threatened by this regulation. They are its most logical beneficiary.

@BNPParibas manages 3 trillion euros in assets. Today they started offering six crypto-linked exchange-traded notes to retail clients in France. Bitcoin. Ethereum. Regulated products. Available through their existing platform. Not a pilot. Not exploring. Live, today. The pattern: Every institution that dismissed crypto eventually decides the question is not whether to offer it. The question is how to structure the exposure so it fits within their existing rails. ETNs give retail clients crypto price exposure without wallets, keys, or protocol risk. The institutional translation layer. @BNPParibas was not early. But they moved. They are France's largest bank. The infrastructure question is not will TradFi adopt crypto. That is settled. The question is which rails they will build on, and who already built those rails.

Six months ago, @makebanc was an idea and a whitepaper. @a_zonneveld joined three months ago. Today, our new site is live! Our preliminary audit and internal testing are in their final stages. Beta is next. If you want early access, the waitlist is open. It's never been a better time to make banc. makebanc.com

Stablecoin market cap just hit $313 billion. All-time high. Oil past $100. Dow futures down 1,000 points. Hedge funds shorting equities at the fastest pace this year. Capital didn't vanish. It moved. $313 billion sitting in stablecoins isn't "waiting for the dip." It's capital that needs infrastructure. Allocation, strategy access, transparency. The rails exist. Most people just don't have access to them yet.

If you think financial plumbing is modern, think again. This is one of the clearest takes yet on how archaic capital flows really are. Part 1 of the Capital Series from the MakeBanc team!

Headed to HK for @consensus_hk? We will see you there. 2026 is the year to make banc. You know it and we are building for it. Let’s change the way money works for you!