April: Lazarus stole $577M in crypto. May: They took $0. But the hacking didn't stop. It moved upstream. What does upstream mean? And why should you care? Watch this video. 🫡👇till the end!!

Learning from Wall Street and Bringing Nasdaq-Level Financial Infrastructure Onchain. The Long-Term Vision of InterLink. In my previous post, I asked a simple question: "Could @inter_link become the Nasdaq/NYSE of Web3?" Today, I'd like to dive deeper into the vision and infrastructure that could make such a future possible. Yesterday, we saw the release of a small update, v5.0.4, enabling users to purchase mobile top-up cards with crypto. At first glance, this may seem like a minor feature. In reality, it represents one of the first building blocks of a much larger payment infrastructure that could eventually support tokenized asset listings and on-chain capital markets. Before you can build infrastructure for tokenized equities, you first need robust payment infrastructure. So how is @inter_link approaching this? Let's take a simple example: purchasing a SIM card with USDT. In the future, the same infrastructure could be used for airline tickets, hotel bookings, travel services, and much more. The process begins with Wallet and Payment infrastructure integrated into ITLX and connected to blockchain networks. Next comes a real-time Payment Gateway that tracks every stage of the payment lifecycle. An Oracle and Pricing Engine then retrieves live USDT/USD exchange rates to determine the correct conversion value. From there, the system connects to fiat settlement networks such as ACH, SEPA, SWIFT, and local banking rails. Fiat is settled and ultimately delivered to service providers such as airlines, hotels, telecom companies, ticketing platforms, and merchants. This is the simplest form of a crypto-to-commerce infrastructure that enables digital assets to be used seamlessly in the real economy. But what about building an on-chain stock exchange? (InterLink is studying and rebuilding some of the most successful financial infrastructure concepts ever developed on Wall Street, then bringing those concepts onto programmable on-chain infrastructure) 1. Settlement: From T 2 to Seconds Nasdaq has built one of the most successful financial infrastructures in the world. Its settlement process prioritizes security and reliability through multiple layers of clearing and reconciliation across brokers, custodians, and financial institutions. InterLink learns from this model while exploring how blockchain can streamline the process. Using Byzantine Fault Tolerant (BFT) consensus with four phases — Propose, Verify, Lock, and Finalize — transactions can reach final settlement within seconds. This is not about replacing traditional finance. It is about leveraging modern technology to reduce complexity while preserving trust and security. 2. Clearinghouse: Bringing DTCC Logic On-Chain For decades, institutions such as DTCC have played a vital role in maintaining ownership records, processing transfers, and supporting global capital markets. InterLink’s RWA Protocol takes inspiration from this proven framework. Acting as a Layer 2 clearing infrastructure, it explores how ownership records, settlements, and asset transfers can be managed through transparent and programmable smart contracts. The underlying principles remain the same. Blockchain simply introduces a new way to implement them. 3. Order Books: AMMs as Always-On Liquidity Traditional exchanges rely on market makers to provide continuous liquidity and efficient price discovery. InterLink expands on this concept through protocol-level Automated Market Makers (AMMs) operating at Layer 2. Liquidity pools can remain available 24/7, enabling continuous access to markets while complementing existing liquidity models. Rather than viewing this as a replacement for traditional market makers, it can be seen as an additional liquidity layer enabled by blockchain technology. 4. Asset Valuation: Connecting Real Revenue to Token Value Public companies listed on Nasdaq are valued based on business performance, revenue growth, and long-term fundamentals. This principle remains one of the strongest foundations of modern capital markets. InterLink’s Transaction-Backed Digital Asset Protocol explores how real economic activity can be reflected more directly within digital asset ecosystems. As transaction volume and business activity grow, liquidity can deepen and market signals may respond more dynamically. The goal is not to reinvent finance. The goal is to learn from proven systems such as Nasdaq and DTCC while using blockchain technology to build a more transparent, efficient, and accessible financial infrastructure for the future. The bigger picture is that InterLink is not trying to become another Nasdaq, nor is it attempting to copy the NYSE. The vision is to study the most successful financial infrastructure ever built, learn from over a century of innovation on Wall Street, and combine those lessons with blockchain technology to create a new generation of programmable financial infrastructure. Traditional markets spent decades perfecting systems for payments, settlement, clearing, liquidity, custody, and capital formation. Blockchain gives us the opportunity to reimagine parts of that infrastructure for a digital-first world. The path forward is becoming increasingly clear: build payment infrastructure first, connect crypto with real economic activity, create infrastructure for businesses, enable tokenized assets, and gradually lay the foundation for a truly on-chain digital economy. At the same time, we continue to invest heavily in people. Technology alone is not enough. Building this vision requires world-class engineers, researchers, economists, and infrastructure specialists. That is why InterLink continues to recruit top talent and invest in human capital as one of its highest priorities. In the end, great infrastructure is not built by code alone. It is built by exceptional people with the ambition, discipline, and long-term commitment to create systems that can serve millions — and eventually billions — of users around the world.

🚨 RWA（現実資産のトークン化）の話になると、最近よく名前が出るのが ✅ Canton ✅ XLM ✅ XRP 実はこれ、ライバルというより役割が違う 🏦 Canton → 銀行・金融機関向けの裏側インフラ(DTCCなど) 🌍 XLM / Stellar → 資産発行や送金に強い ⚡ XRP / XRPL → 流動性・決済・ブリッジ資産に強い 将来は「勝者総取り」ではなく、 金融機関はCanton、 公開チェーンはXRPLやStellar、 そんな共存の世界になるかもしれない😎 RWA市場が拡大するほど、相互接続できるネットワークの価値は大きくなりそう👀