Beyond Blocks and Bits

A seismic shift reshaping the global financial landscape and nature of money is underway. The BRICS nations represent an emerging Global South who seek to reform the international economic system while reducing dependence on the U.S. Dollar and Western dominated financial institutions. BRICS (Brazil, Russia, India, China and South Africa) a bloc of developing economies, formally expanded membership to Egypt, Ethiopia, Iran, and the United Arab Emirates (UAE) in January 2024. Combined, BRICS n...

Wall Street is moving onchain - migrating to a parallel financial system where anything of value moves at the speed of the internet. Last month, Congress passed the GENIUS Act, providing institutional legitimacy for the +$257 billion stablecoin market and regulatory clarity for payment stablecoins issued in the United States. Fundstrat Global Advisors’ Tom Lee refers to stablecoins as the “ChatGPT moment for crypto". One of the first products in the sector with mainstream utility. The GENIUS ...