An actual use case with real distributions. Offchain economies bringing in onchain yield on @base . 💪🫡🚢

Claude Mythos is coming the only thing you need to be thinking about before it goes live is: — Disconnect from connected apps — Make sure you don't have money in weird DeFi, either have in top tier platforms with isolated risk or withdraw your funds — Do NOT keep your seed phrases on your PC/Cloud/Drive (go paper) — Consolidate holdings in trusted CEXs & Ledger

BTC is dead to me. For the first time since 2014, when my usual “should I buy BTC?” friends came for their scheduled emotional support hotline, I told them no. I am confident there is no longer a trade in BTC because the original trade is gone. BTC was the first memecoin. Do not waste time @'ing me, to me it is obvious. As you all know, every great memecoin needs a narrative powerful enough to make people believe they are doing something more meaningful than buying an asset from someone else. BTC had the best narrative of all time. Rebellion against inflation, fiat, banks, central banks, and the establishment. That was the narrative. But what mattered more was the raw engine underneath it: ESCAPE. BTC gave ordinary people the first internet native asset that could plausibly let them escape the rat race without needing access to the incumbent class. Before BTC, immense wealth creation was mostly gated by proximity. You needed access to early equity, private deals, high finance, institutional networks, valuable real estate, or some other lane controlled by people already inside the system (Boomers). BTC changed that because anyone online could buy the asset before the ruling class. That was BTC’s trade and its monopoly. It gave ordinary people a way to escape the rat race by opting out of a system that had kept access, upside, and wealth creation mostly in the hands of the incumbent class. The rebellion was the story -> The escape was the trade -> The monopoly was being the only asset online that could credibly offer both. That monopoly no longer exists. The irony is that BTC created the blueprint for the world that made BTC less important. It taught the internet that an asset did not need traditional fundamentals if it had belief, liquidity, attention, narrative, and enough people willing to treat the trade as a way out. Financial nihilism magic internet money. That is the blueprint BTC gave the world. Forget fundamentals. Trade the narrative. Coordinate online. Let the greater fool mechanism create wealth for the people who arrived early enough. Think about it......Since BTC, every market has been hyper gamblified. Stocks trade like memes. Coins trade like memes. AI tokens trade like memes. Prediction markets trade like memes. Anything that lives on the internet can become a trade, a belief system, and a possible escape hatch from the rat race. BTC was powerful when it was the only internet asset that gave outsiders a credible way to get rich before the establishment arrived. Now the internet creates that setup constantly. BTC also lost the rebellion narrative. Institutional adoption killed that part of the story. The asset that started as a way to opt out of the system is now owned through ETFs, marketed by asset managers, held by corporate treasuries, and represented culturally by Saylor running a balance sheet strategy. BTC lost the 2 things that made it matter. It lost the rebellion because the establishment absorbed it. It lost the escape monopoly because every internet asset now competes to become the next rat race exit. The store of value story was always secondary. The inflation hedge story was always secondary. The hard money story was always secondary. The main function was escape. BTC was the first trade that made outsiders believe they could beat the system from outside the system. Now that function lives everywhere. To all the BTC maxis, with love. -XY

SEC endorsement of tokenized stocks is going to force institutional diligence and education into the quality of underlying tokenized securities: SEC itself describes custodial and synthetic tokenized equities and while they can't ever state a preference, do indicate higher risk w/ synthetics. So there's a LOT of education to be done on who gives you the most direct entitlement to the underlying, vs. who is giving you a price feed or tracking NAV in an offshore entity. (Which always makes me wonder -- if you want simple exposure why do that at all? Why not just use perps?) So just like someone is going to wake up in a few months and realize their Anthropic SPV of an SPV of an SPV doesn't have enforceability rights-- Someone is going to wake up in a few years realizing they never owned a direct claim to an Apple share at all but instead a debt instrument against a BVI entity that can independently default. Basically I don't think this is a tech problem anymore. ERC-20's work. Now it's about dividing up the world and segmenting by institutional preference. My bet is onshore institutions will want the strongest legal wrapper and the most airtight claim to "we let you trade actual stocks." And offshore will prioritize speed to market, availability, and DeFi nativity.

We are the badge sponsor of @eth_milano 2026, taking place on May 21–22 in Milan. Fractalized will also be presented on the main stage by @maxlomu on May 21, in front of some of the industry’s leading builders, founders, and investors. Glad to be part of the event and share what we’ve been building with such a strong audience at one of Italy's leading web3 gatherings. fractalized.io/

In the age of AI, the reader struggles because the writer doesn't have to.

Tokenized assets need a lot more than just simple infrastructure. On/off ramps, OTC flows, and liquidity systems all need to work properly. Because if one part fails, the entire operation can break apart. That’s one of the reasons we’ve been working with @fuzefinance on the infrastructure and OTC side since day one. This partnership helps us to maintain the operations we need as we expand into more assets. fractalized.io/ --- Disclaimer: Fractalized Tokenization Labs Ltd. does not offer or intend to offer its vessel token products to persons in the U.S. or the U.K. All communications are for informational purposes only and do not constitute an offer or solicitation in any jurisdiction where such activity is unlawful or restricted.

Had a lot of fun talking about what we're building at @fractalizedio, what asset is live and what's we're bringing to @base. Check it out to learn more about our unique approach to structuring real assets for onchain capital markets.

I'll be joining @0xBaseTurkiye's Builder Graph series tomorrow to talk in more depth about what we're doing at @fractalizedio. We'll speak about the process of bringing offchain cashflows onto onchain capital markets on @base. Uncorrelated sustainable yield is one of the two biggest issues to solve for in Defi. Our asset origination and structuring framework addresses this pain point head on. @alitiknazoglu see you tomorrow!

Support great people building great things. Check out @egregore_xyz

There is a way to structure that accommodates the incoming agentic world and institutional investors. Assets are originated and structured individually with each its own token. Offchain cashflows of the tokenized assets provide yield to these tokens. Agents can effectively curate their own baskets. But that doesn't solve sales today. Improvement on today's vaults can happen with better auditing and reporting (I am only talking about understanding risk of the underlying asset and not protocol risk). In the meanwhile the you can create the tokenized assets in such a way that you'll be able to bundle them for one blended yield to address today's needs whilst the individually tokenized assets can accommodate the agentic world that will come in a few years.

"Lending markets pass the banker friend test (my banker friends now know what a stablecoin is, but also what a prediction market and what a lending market are) even if they don’t pass my mother test—my mother doesn’t yet know about prediction and lending markets even if she knows about stablecoins." Great article on onchain lending. dirtroads.substack.com/p/68-…

There’s an old story about a group of blind men walking down the road in India who come upon an elephant. Each one touches a different part of the elephant - the trunk, the leg, the tail or the ear - and comes up with a different explanation of what he’d encountered based on the small part to which he was exposed. We are those blind men. Even if we have a good understanding of the events we witness, we don’t easily gain the overall view needed to put them together. - Howard Marks “The Long View”

Great analysis of where RWA yields go next

For those interested in how we carried a chemical tanker’s offchain cash flows onchain on @base. Currently distributing 17.56% annual yield, airdropped in USDC monthly)

Marco Rubio realizing he needs to found an AI foundational model company this weekend

Amen.

It’s real.

I want this one.