...the speed, efficiency, and transparency offered by decentralized finance (Defi).
If you're interested in how DeFi and modern financial rails are reshaping what we expect from money movement, I break these ideas down often in my newsletter - https://noumenus.substack.com/
If you're interested in how DeFi and modern financial rails are reshaping what we expect from money movement, I break these ideas down often in my newsletter - https://noumenus.substack.com/
November 8, 2025 at 5:16 AM
...the speed, efficiency, and transparency offered by decentralized finance (Defi).
If you're interested in how DeFi and modern financial rails are reshaping what we expect from money movement, I break these ideas down often in my newsletter - https://noumenus.substack.com/
If you're interested in how DeFi and modern financial rails are reshaping what we expect from money movement, I break these ideas down often in my newsletter - https://noumenus.substack.com/
...business days which is painfully slow compared to alternative - Defi.
In contrast, I transferred and deployed funds across multiple blockchain ecosystems, and the entire process took just under an hour.
This stark difference highlights how traditional finance urgently needs to catch up to...
In contrast, I transferred and deployed funds across multiple blockchain ecosystems, and the entire process took just under an hour.
This stark difference highlights how traditional finance urgently needs to catch up to...
November 8, 2025 at 5:16 AM
...business days which is painfully slow compared to alternative - Defi.
In contrast, I transferred and deployed funds across multiple blockchain ecosystems, and the entire process took just under an hour.
This stark difference highlights how traditional finance urgently needs to catch up to...
In contrast, I transferred and deployed funds across multiple blockchain ecosystems, and the entire process took just under an hour.
This stark difference highlights how traditional finance urgently needs to catch up to...
to a supervisor, I learned the prior rep hadn't submitted my details to the intermediary bank. After another 3 days, the transfer finally went through. Transferring funds within the brokerage (eg. Margin to othe accounts) takes 24-48 hours, while moving money to local banks via ETF takes 3-4...
November 8, 2025 at 5:16 AM
to a supervisor, I learned the prior rep hadn't submitted my details to the intermediary bank. After another 3 days, the transfer finally went through. Transferring funds within the brokerage (eg. Margin to othe accounts) takes 24-48 hours, while moving money to local banks via ETF takes 3-4...
November 7, 2025 at 3:16 AM
...navigating this new regulatory and funding environment?
How can these reforms position Canada as a global leader in digital finance?
Read the full in-depth article here: https://open.substack.com/pub/noumenus/p/inside-canadas-fintech-leap-7-key
#Fintech #OpenBanking #Stablecoins #CBDC...
How can these reforms position Canada as a global leader in digital finance?
Read the full in-depth article here: https://open.substack.com/pub/noumenus/p/inside-canadas-fintech-leap-7-key
#Fintech #OpenBanking #Stablecoins #CBDC...
November 7, 2025 at 3:16 AM
...navigating this new regulatory and funding environment?
How can these reforms position Canada as a global leader in digital finance?
Read the full in-depth article here: https://open.substack.com/pub/noumenus/p/inside-canadas-fintech-leap-7-key
#Fintech #OpenBanking #Stablecoins #CBDC...
How can these reforms position Canada as a global leader in digital finance?
Read the full in-depth article here: https://open.substack.com/pub/noumenus/p/inside-canadas-fintech-leap-7-key
#Fintech #OpenBanking #Stablecoins #CBDC...
...investments in fintech funding and AI infrastructure.
How will open banking transform the way Canadians access and use financial services by 2027?
Why is Canada choosing regulated stablecoins over launching a central bank digital currency (CBDC)?
What challenges remain for fintech startups...
How will open banking transform the way Canadians access and use financial services by 2027?
Why is Canada choosing regulated stablecoins over launching a central bank digital currency (CBDC)?
What challenges remain for fintech startups...
November 7, 2025 at 3:16 AM
...investments in fintech funding and AI infrastructure.
How will open banking transform the way Canadians access and use financial services by 2027?
Why is Canada choosing regulated stablecoins over launching a central bank digital currency (CBDC)?
What challenges remain for fintech startups...
How will open banking transform the way Canadians access and use financial services by 2027?
Why is Canada choosing regulated stablecoins over launching a central bank digital currency (CBDC)?
What challenges remain for fintech startups...
innovation, increase competition, and secure financial sovereignty in a rapidly evolving global landscape.
The full analysis dives into how these reforms tackle years of regulatory delays and market uncertainty, the shift from CBDC to private stablecoins, and the government's massive...
The full analysis dives into how these reforms tackle years of regulatory delays and market uncertainty, the shift from CBDC to private stablecoins, and the government's massive...
November 7, 2025 at 3:16 AM
innovation, increase competition, and secure financial sovereignty in a rapidly evolving global landscape.
The full analysis dives into how these reforms tackle years of regulatory delays and market uncertainty, the shift from CBDC to private stablecoins, and the government's massive...
The full analysis dives into how these reforms tackle years of regulatory delays and market uncertainty, the shift from CBDC to private stablecoins, and the government's massive...
...Ethereum accounted for $85.6 million.
Altcoins were hit harder, with large-cap tokens like Uniswap and DOGE falling over 10%, deepening the negative momentum. Bitcoin ETFs also experienced significant outflows, with $1.15 billion withdrawn last week, adding to the downward pressure.
Altcoins were hit harder, with large-cap tokens like Uniswap and DOGE falling over 10%, deepening the negative momentum. Bitcoin ETFs also experienced significant outflows, with $1.15 billion withdrawn last week, adding to the downward pressure.
November 4, 2025 at 12:57 AM
...Ethereum accounted for $85.6 million.
Altcoins were hit harder, with large-cap tokens like Uniswap and DOGE falling over 10%, deepening the negative momentum. Bitcoin ETFs also experienced significant outflows, with $1.15 billion withdrawn last week, adding to the downward pressure.
Altcoins were hit harder, with large-cap tokens like Uniswap and DOGE falling over 10%, deepening the negative momentum. Bitcoin ETFs also experienced significant outflows, with $1.15 billion withdrawn last week, adding to the downward pressure.
...strengthened the U.S. dollar and curbed investor optimism in risk assets like crypto.
This cautious Fed stance led to over $395 million in liquidations within 24 hours, with more than 162,000 traders wiped out mostly long positions. Bitcoin alone saw $74.6 million in long liquidations, while...
This cautious Fed stance led to over $395 million in liquidations within 24 hours, with more than 162,000 traders wiped out mostly long positions. Bitcoin alone saw $74.6 million in long liquidations, while...
November 4, 2025 at 12:57 AM
...strengthened the U.S. dollar and curbed investor optimism in risk assets like crypto.
This cautious Fed stance led to over $395 million in liquidations within 24 hours, with more than 162,000 traders wiped out mostly long positions. Bitcoin alone saw $74.6 million in long liquidations, while...
This cautious Fed stance led to over $395 million in liquidations within 24 hours, with more than 162,000 traders wiped out mostly long positions. Bitcoin alone saw $74.6 million in long liquidations, while...
volatility and fear among investors.
The selloff was triggered by hawkish remarks from Federal Reserve Chair Jerome Powell, who dampened expectations for further rate cuts after the October 25-basis-point reduction. His statement that another cut in December is “not a foregone conclusion”...
The selloff was triggered by hawkish remarks from Federal Reserve Chair Jerome Powell, who dampened expectations for further rate cuts after the October 25-basis-point reduction. His statement that another cut in December is “not a foregone conclusion”...
November 4, 2025 at 12:57 AM
volatility and fear among investors.
The selloff was triggered by hawkish remarks from Federal Reserve Chair Jerome Powell, who dampened expectations for further rate cuts after the October 25-basis-point reduction. His statement that another cut in December is “not a foregone conclusion”...
The selloff was triggered by hawkish remarks from Federal Reserve Chair Jerome Powell, who dampened expectations for further rate cuts after the October 25-basis-point reduction. His statement that another cut in December is “not a foregone conclusion”...
...innovation?
Either way, treasury desks have entered the frontier. How they navigate from here will shape not just crypto adoption but the next era of corporate finance itself.
Either way, treasury desks have entered the frontier. How they navigate from here will shape not just crypto adoption but the next era of corporate finance itself.
October 24, 2025 at 10:32 PM
...innovation?
Either way, treasury desks have entered the frontier. How they navigate from here will shape not just crypto adoption but the next era of corporate finance itself.
Either way, treasury desks have entered the frontier. How they navigate from here will shape not just crypto adoption but the next era of corporate finance itself.
...portfolio.
A few may evolve into hybrid entities, part operating company, part on-chain fund.
The broader question remains:Can a corporate treasury built on volatile assets become a stable foundation for enterprise growth? Or is this cycle's enthusiasm another leverage loop dressed as...
A few may evolve into hybrid entities, part operating company, part on-chain fund.
The broader question remains:Can a corporate treasury built on volatile assets become a stable foundation for enterprise growth? Or is this cycle's enthusiasm another leverage loop dressed as...
October 24, 2025 at 10:32 PM
...portfolio.
A few may evolve into hybrid entities, part operating company, part on-chain fund.
The broader question remains:Can a corporate treasury built on volatile assets become a stable foundation for enterprise growth? Or is this cycle's enthusiasm another leverage loop dressed as...
A few may evolve into hybrid entities, part operating company, part on-chain fund.
The broader question remains:Can a corporate treasury built on volatile assets become a stable foundation for enterprise growth? Or is this cycle's enthusiasm another leverage loop dressed as...
...service to corporates that want the upside without the operational burden.
We'll also see fragmentation by thesis:
Some treasuries will stay Bitcoin-only, focused on long-term store-of-value logic.
Others will treat Ethereum, Solana, and tokenized real-world assets as a blended yield...
We'll also see fragmentation by thesis:
Some treasuries will stay Bitcoin-only, focused on long-term store-of-value logic.
Others will treat Ethereum, Solana, and tokenized real-world assets as a blended yield...
October 24, 2025 at 10:32 PM
...service to corporates that want the upside without the operational burden.
We'll also see fragmentation by thesis:
Some treasuries will stay Bitcoin-only, focused on long-term store-of-value logic.
Others will treat Ethereum, Solana, and tokenized real-world assets as a blended yield...
We'll also see fragmentation by thesis:
Some treasuries will stay Bitcoin-only, focused on long-term store-of-value logic.
Others will treat Ethereum, Solana, and tokenized real-world assets as a blended yield...
...discipline more than vision.
As yields compress in DeFi and volatility returns, companies will need clearer frameworks for allocation, risk limits, and disclosure. Expect to see specialized Digital Asset Treasury managers emerge and firms offering risk-hedged, audited treasury operations as a...
As yields compress in DeFi and volatility returns, companies will need clearer frameworks for allocation, risk limits, and disclosure. Expect to see specialized Digital Asset Treasury managers emerge and firms offering risk-hedged, audited treasury operations as a...
October 24, 2025 at 10:32 PM
...discipline more than vision.
As yields compress in DeFi and volatility returns, companies will need clearer frameworks for allocation, risk limits, and disclosure. Expect to see specialized Digital Asset Treasury managers emerge and firms offering risk-hedged, audited treasury operations as a...
As yields compress in DeFi and volatility returns, companies will need clearer frameworks for allocation, risk limits, and disclosure. Expect to see specialized Digital Asset Treasury managers emerge and firms offering risk-hedged, audited treasury operations as a...
...line: these firms are trading safety for optionality. If the market stays strong, DATs may outperform traditional treasuries by orders of magnitude.If it doesn't, they'll learn why treasuries were designed to be boring.
Where This Is Heading
The next phase of digital treasuries will test...
Where This Is Heading
The next phase of digital treasuries will test...
October 24, 2025 at 10:32 PM
...line: these firms are trading safety for optionality. If the market stays strong, DATs may outperform traditional treasuries by orders of magnitude.If it doesn't, they'll learn why treasuries were designed to be boring.
Where This Is Heading
The next phase of digital treasuries will test...
Where This Is Heading
The next phase of digital treasuries will test...
...single operational failure can erase the entire treasury. So a good team of experts are required to manage the treasury and the yield.
Regulatory overhang.Rules on digital asset accounting, taxation, and disclosure are still shifting. One jurisdiction's change can ripple globally.
The bottom...
Regulatory overhang.Rules on digital asset accounting, taxation, and disclosure are still shifting. One jurisdiction's change can ripple globally.
The bottom...
October 24, 2025 at 10:32 PM
...single operational failure can erase the entire treasury. So a good team of experts are required to manage the treasury and the yield.
Regulatory overhang.Rules on digital asset accounting, taxation, and disclosure are still shifting. One jurisdiction's change can ripple globally.
The bottom...
Regulatory overhang.Rules on digital asset accounting, taxation, and disclosure are still shifting. One jurisdiction's change can ripple globally.
The bottom...
...net asset value during bull runs, treating them like levered ETFs on crypto sentiment. When sentiment cools, that premium disappears, exposing the gap between book value and market cap.
Governance and custody.Private key management, multi-sig policies, and audit trails still differ widely. A...
Governance and custody.Private key management, multi-sig policies, and audit trails still differ widely. A...
October 24, 2025 at 10:32 PM
...net asset value during bull runs, treating them like levered ETFs on crypto sentiment. When sentiment cools, that premium disappears, exposing the gap between book value and market cap.
Governance and custody.Private key management, multi-sig policies, and audit trails still differ widely. A...
Governance and custody.Private key management, multi-sig policies, and audit trails still differ widely. A...
...market downturns turn directly into income-statement shocks.
Liquidity traps.Many DATs lock tokens into staking or DeFi positions for yield. When markets seize, unwinding those positions can be slow or impossible without losses.
Valuation mirage.Public markets often price DATs above their...
Liquidity traps.Many DATs lock tokens into staking or DeFi positions for yield. When markets seize, unwinding those positions can be slow or impossible without losses.
Valuation mirage.Public markets often price DATs above their...
October 24, 2025 at 10:32 PM
...market downturns turn directly into income-statement shocks.
Liquidity traps.Many DATs lock tokens into staking or DeFi positions for yield. When markets seize, unwinding those positions can be slow or impossible without losses.
Valuation mirage.Public markets often price DATs above their...
Liquidity traps.Many DATs lock tokens into staking or DeFi positions for yield. When markets seize, unwinding those positions can be slow or impossible without losses.
Valuation mirage.Public markets often price DATs above their...
...Speculation
Digital assets amplify both sides of the balance sheet i.e. can increase both potential gains and existential risk.
Volatility.Crypto assets can move 20% in a week. A company's net worth can swing billions overnight at the same time, when the treasury becomes the core asset,...
Digital assets amplify both sides of the balance sheet i.e. can increase both potential gains and existential risk.
Volatility.Crypto assets can move 20% in a week. A company's net worth can swing billions overnight at the same time, when the treasury becomes the core asset,...
October 24, 2025 at 10:32 PM
...Speculation
Digital assets amplify both sides of the balance sheet i.e. can increase both potential gains and existential risk.
Volatility.Crypto assets can move 20% in a week. A company's net worth can swing billions overnight at the same time, when the treasury becomes the core asset,...
Digital assets amplify both sides of the balance sheet i.e. can increase both potential gains and existential risk.
Volatility.Crypto assets can move 20% in a week. A company's net worth can swing billions overnight at the same time, when the treasury becomes the core asset,...
...curve shot up mid-2025; Solana's followed in Q3.It is a new balance-sheet engineering across chains where companies are building multi-asset treasuries, blending liquidity, yield, and narrative positioning in ways traditional finance rarely allowed.
Risks and Fragility: When Treasury Becomes...
Risks and Fragility: When Treasury Becomes...
October 24, 2025 at 10:32 PM
...curve shot up mid-2025; Solana's followed in Q3.It is a new balance-sheet engineering across chains where companies are building multi-asset treasuries, blending liquidity, yield, and narrative positioning in ways traditional finance rarely allowed.
Risks and Fragility: When Treasury Becomes...
Risks and Fragility: When Treasury Becomes...
...digital assets, and use those holdings as a treasury growth lever. Some firms hold tokens directly; others use structured products or staking yields to earn passive returns.
The broader picture is visible in the slope of that chart. Bitcoin treasuries grew first and steadily then Ethereum's...
The broader picture is visible in the slope of that chart. Bitcoin treasuries grew first and steadily then Ethereum's...
October 24, 2025 at 10:32 PM
...digital assets, and use those holdings as a treasury growth lever. Some firms hold tokens directly; others use structured products or staking yields to earn passive returns.
The broader picture is visible in the slope of that chart. Bitcoin treasuries grew first and steadily then Ethereum's...
The broader picture is visible in the slope of that chart. Bitcoin treasuries grew first and steadily then Ethereum's...