Headed to Consensus Hong Kong 🇭🇰 At Gyld Finance, we’re building institutional-grade markets for staking yield — turning a passive return stream into something that can be priced, traded, and actively managed.

The future of DeFi is Vaults. Excited to be collaborating with @GyldFinance on institutional vaults soon.

Volatility doesn’t just move markets — it moves staking rewards. Our latest piece looks at how the October 10 liquidations translated into one of the biggest single-day jumps in Ethereum staking rewards, and what it says about staking as a tradeable asset class. medium.com/gyldfinance/when-…

Brings us one step closer: coindesk.com/coindesk-indice…

Glad to announce that @ChuanBai has joined Gyld Finance as Chief Technology Officer. Chuan brings over a decade of experience spanning traditional and digital finance — from building fixed-income pricing systems at Société Générale, to developing quantitative trading infrastructure at Millennium Global and CoinShares, one of the world’s largest digital asset ETP and hedge fund platforms. At CoinShares, Chuan led the buildout of proprietary trading and quantitative research platforms that powered the firm’s market-making and systematic strategies. His expertise in scalable trading architecture, pricing systems, and reproducible research will be key as Gyld builds institutional-grade financial market infrastructure for digital asset yields. Welcome aboard, Chuan — we’re thrilled to have you leading Gyld’s technology and engineering efforts as we bring fixed-income structure and liquidity to DeFi.

Our co-founder @ruchirgupta90 was quoted in Decrypt on the rapid rise of Bitcoin ETPs. As access grows, the next phase will be about yield and performance — the kind of infrastructure we’re building at Gyld. decrypt.co/343207/blackrocks…

Glad to share my latest piece in CoinDesk on why staking is on the verge of becoming a full-fledged asset class. Scale, volatility, and diverse participants are pushing this market into the same trajectory fixed income once took. @GyldFinance

We're heading to Token2049 Singapore next week—our founders @abbasali and @ruchirgupta90 will be on the ground meeting investors, clients, and partners. If you’re an asset manager, market maker, or trader interested in institutional staking markets, let's connect!

🚨 ETH exit queues are blowing out — and it shows exactly why we need institutional staking markets. Kiln is exiting all of its Ethereum validators as a precautionary measure following the recent SwissBorg/Kiln incident. And because Ethereum throttles how many validators can enter/exit per epoch, queues have spiked dramatically. For stakers who simply want to switch validators, the round-trip looks like this: ⏳~41 days in the exit queue (still earning rewards) 🛑~9 days in the withdrawal queue (no rewards) 🔁~13 days to re-enter the activation queue if restaking (no rewards) 👉 Nearly two months of capital stuck in limbo. Importantly - these queues affect everyone staking ETH, no matter the provider. This is a market-wide problem. Ethereum’s design — like most PoS blockchains — prioritizes security, not TradFi-style liquidity. It was never built for wrappers that must meet redemption obligations, or for large, idiosyncratic exits like this one. That’s exactly why we need market infrastructure to exchange liquidity and staking-reward risk. With fixed-term, bearer instruments backed by staked ETH and a clear legal foundation: ✅ Liquidity-constrained holders could cash out early into liquid ETH, trading illiquidity for a discount. ✅ Long-term ETH holders could step in, earning the benchmark CESR Spread for taking on the lock-up risk — effectively rewarding patient capital. Wrappers with redemption obligations, like ETFs and ETPs, could meet them without relying on bilateral financing workarounds or excess buffers. This isn’t about eliminating risk — it’s about pricing it, transferring it, and managing it. That’s exactly what institutional staking markets are built to solve

🚀 We’re excited to share that Gyld Finance has raised $1.5m pre-seed, led by @Lightshift_xyz Staking has gone mainstream. ETFs and ETPs now hold staked assets, Digital Asset Treasuries and funds have allocated billions, and regulation is becoming clearer. Institutions are beginning to manage these positions at scale. But the next phase is just beginning: competition and accountability. Like fixed income markets, institutions will need to benchmark, optimize, and actively manage staking rewards — competing to outperform indices such as CESR from @coinfund / @CoinDeskMarkets Today, that’s still difficult. Returns are volatile, entry/exit queues create friction, and there is no market to transfer or hedge slashing risks. That’s why we’re building Gyld. Our liquid TERM staking instruments are designed with a clear legal framework — making staking rewards transparent, benchmarkable, and tradeable. We’re working with @ZodiaCustody , @CopperHQ , @Figment_io, and @BlockdaemonHQ to ensure institutional standards from day one. And we’ve built Gyld from deep experience at the intersection of markets, trading, and infrastructure: @abbasali — Former Product Head at JPMorgan Kinexys @ruchirgupta90 — Former Head of Treasury & Options Trading at GSR, and previously a Fixed Income trader Follow Gyld Finance as we share how we’re shaping the future of staking markets.

JUST ANNOUNCED: JPMorgan Product Head Joins GSR Trading MD to Build Institutional Staking Markets “It’s only a matter of time before asset managers are benchmarked against indices like CESR, the Composite Ethereum Staking Rate, and we intend to provide the market infrastructure that enables this," said Abbas Ali and Ruchir Gupta, Co-Founders of @GyldFinance. CESR, by @coinfund, in collaboration with @CoinDesk Indices, is a daily benchmark rate that represents the mean, annualized staking yield of the Ethereum validator population. Read the full press release: chainwire.org/2025/09/09/jpm…

"TfL has made a pay offer of 3.4%, which it urged the union to put to its members in a fresh ballot. It has said it cannot meet demands to cut hours below the current 35 a week." And here I thought the UK was open for business; essential services want a 4-day workweek.

Companies perform better when they have an enemy, real or imagined. If your company doesn’t have one, you need to invent one.

27/ What about the acquisitions and bailouts since 3AC? How did they acquire Voyager? How did they raise 2b of internal capital for the venture fund? How was Sam planning to donate $1b to the Democrats? What about all the effective altruism? This brings us to the grand finale.

1. Create the vision: • Define what success looks like. • Translate it into specific goals.

3. Have a common vision A founder/CEO’s most important job: Instilling a common vision across the team. Put your vision in writing. Make sure everyone understands the long-term and short-term priorities. Great people can manage themselves if they have a common vision.

1. Execution isn't everything Execution is critical. But execution isn’t ALL that matters. Your idea is the seed of success. It impacts: • Hiring • Raising capital • Total addressable market • Your potential wealth & impact To build something big, swing at big ideas.

This one hit home. Having been at multiple startups I’ve seen it play out exactly like this.

Retail traders doing research before going all in into a stock

The Almanack of Naval Ravikant by Eric Jorgenson Lessons: • The most effective way to get rich is to learn how to build and sell a product. • The only real test of intelligence is if you get what you want out of life.