Research

Canton Network is emerging as one of the most credible attempts to bring traditional financial infrastructure onchain. With institutions such as DTCC, Nasdaq, and Broadridge already deploying live workflows, the network sits at the intersection of tokenized assets, institutional blockchain adoption, and digital cash settlement. In this report, we break down Canton’s architecture, institutional traction, token economics, and the key catalysts that could shape its next phase of growth.

Research

OnRe and Re Protocol are the first protocols to bring reinsurance yield onchain, giving DeFi a collateral base structurally uncorrelated to crypto market cycles. Together they manage over $250M in capital backing real reinsurance contracts, with yield driven by natural catastrophe frequency and insurable risk rather than funding rates or liquidity mining. We break down both protocols' mechanics, yield composition, secondary market dynamics, and risk profiles, comparing OnRe's single pool model on Solana against Re's dual tranche capital stack on Ethereum. PT positions offer some of the highest fixed stablecoin yields in DeFi today, and our scenario analysis identifies compelling points farming opportunities across both ecosystems.

Research

Groma is an attempt to reintroduce productive asset backing into monetary design by anchoring a token to a diversified portfolio of real estate. Unlike fiat, where value is policy-mediated, or crypto-native assets, whose value is primarily reflexive or expectation-driven, GromaCoin is explicitly balance-sheet constrained, with monetary expansion governed by asset acquisition.

Research

Ethereum’s rollup pivot didn’t fracture the network; it expanded it. By embracing modular scaling, Ethereum preserved decentralization, attracted institutions, and accelerated innovation across the stack. The next chapter is about alignment, turning scale and experimentation into durable economic strength.