IOSG Ventures

The most successful companies do not treat cryptocurrency as a speculative asset, but rather as a backend infrastructure that can enhance settlement speed, reduce costs, and expand global financial connectivity. Stablecoins, in particular, are becoming a bridge between traditional financial systems and on-chain markets.

Building blocks are well assembled, but the market has not arrived yet.

Everyone is watching who issues stablecoins, but from a business model perspective, the real focus should be on who controls the distribution channels.

Since 2026, Binance has delisted 42 tokens in the spot market, more than any complete year since 2022.

The money earned from operating these exchanges is about one-fifth of what would be earned by staking the same amount of funds in place.

The truly valuable asset on the tokenized stock line is not Meme coins, nor is it the token issuance platform, but the subscription and redemption channel.

The best investment opportunities are often hidden in the worst emotions.

This set of things is more like a bridge, not a destination.

Washington is likely to choose to maintain the stability of the treasury market and the AI investment cycle, at the cost of allowing inflation to stay high for a longer period. This is a continuous tailwind for both gold and BTC: as it releases liquidity while removing duration risk from the private sector's balance sheets.

Moderately bullish on ETH, clearly bearish on staking intermediaries/infrastructure.