Braham Mehta, CFA retweeted
THE BLOCK: Securitize has agreed to acquire River One, an institutional asset-backed financing platform that connects stablecoin capital with traditional lending markets. Financial terms were not disclosed.
The acquisition will add asset-backed lending and warehouse financing capabilities to Securitize's tokenization platform. The deal is expected to close by the end of this year.
Braham Mehta, CFA retweeted
We also announced our first acquisition since going public, @RiverOneHQ taking Securitize into tokenized asset-backed finance for the stablecoin economy, a $6T asset class that is barely onchain today. We welcome @BrahamMehta @0xSimon @MisterYaasmang and the rest of the River One team to our company, very excited that you are joining us! Check them out here river.one/
AT1 bonds being wiped out reminds me of the classic Pirates Dilemma - SNB got equity holders to approve a deal while top of the waterfall loses 17B. dailypuzzle.com/brain-teaser… #CS #at1 #CoCos
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Heard an interesting tidbit that Private Credit has been having a harder time raising from LPs
Relative overperformance has LPs overallocated
I'm sure we'll continue to see the increase in cost of capital as Funds become more picky
Even if Assets = Liabilities there’s a reason illiquidity premium exists. Curious how Celsius tiered their liabilities and what will be left when the dust settles.
THE CELSIUS BLOWUP, EXPLAINED.
Huge sectors of crypto are imploding, and crypto unicorns might be coming down with it.
Luna was first, but now $10b giant Celsius is facing insolvency and even bankruptcy.
Let's dive in:






