In May 2025 I predicted the globalization tokenization fractionalization and memeification of the American financial system. It will allow companies to lower their cost of capital and for retail to directly access opportunities earlier than ever - as opposed to be dumped on by private market investors. Memes are powerful and valuable. The American dream is a meme. So is the Agentic Web. I couldn’t predict who would build this but I feel fortunate my team @finalitycap found @StephenGrugett and his partners. May @MNX_fi and their products find their way into the hearts minds and wallets of every person who wants to own a piece of the Agentic Web - or hedge their exposure to it.

Two years ago, I was asked to nominate a company in our portfolio that institutional finance investors should know more about for Medici. The answer was obvious. People needed to learn more about @nathanlallman & what he was building at @OndoFinance. I was honored to spend time with him that day, and in true Nathan style, we prepared a lot for the interview starting months beforehand. Nathan truly was a trailblazer. There were so many parts of his life story that were interesting to me. And preparing for this interview let me spend time learning more about his life beyond what is typical for an investor. His childhood in Honolulu, Hawaii. His time at Brown University, where he was on the varsity sailing team and a two-time academic All-American. His decision to leave Goldman Sachs after two years to start Ondo Finance. His evolution as a founder of building the most consequential company within real-world assets and achieving his dream of bridging the gap between traditional finance & digital assets. All within 32 years. Going to miss you, Nathan.

1/ 📣 "We're already in Armageddon... every software that's not formally verified is going to get broken into." @ilblackdragon, co-founder of @NEARProtocol and co-author of the Transformer paper, says AI-discovered vulnerabilities have already started breaking on-chain finance - and most people don't know it yet. New Level Up episode is LIVE with @ilblackdragon. Join @David_Grid & @SeanMFarrell as they dive into: ◆ NEAR's vertically integrated stack ◆ Chain abstraction & Intents ◆ Why options & prediction markets need privacy to work ◆ Ironclaw: a security-first agentic framework ◆ The cybersecurity "state of emergency" facing on-chain finance ◆ Tokenomics, governance, and risks 🔗 Full episode links below ⬇️