Tokens are trading at massive discounts on secondary markets right now.Good reporting by The Block.- Average discount is 40-50%.- Long vesting schedules (3+ years) trade at 60-70%+ discounts..- Gaming tokens are the worst at ~80% discounts.Main reason is $500M-$1B in tokens unlocking every week but demand is weak and capital rotating to AI.Plus, equity is replacing tokens.On SecondLane (a marketplace for crypto secondaries), 40% of interest is now equity and it dominates deals above $2M.More investors want ...

RT Olivia Vande Woude (@cryptoreine)Everyone’s racing to tokenize assets but few are asking who the buyer is. Supply-side tokenization is solved. Distribution is the entire game now & it demands a different skillset vs. issuance.$328B in tokenized assets tells you the supply machine works. But most of this liquidity is siloed w/ thin secondary markets & fragmented access. The uncomfortable truth: many RWAs have no real buyer base.Distribution requires different muscle:-Relationship capital. Knowing who the ...

Ex-Credit Suisse executives left their roles at a Stifel unit, where they co-led a business known as GP Solutions that advises private-asset firms on raising money in secondary markets https://t.co/0fM7CtXjED ...

In half a trillion. Take that in. It's in talks with investors around a potential employee share sale.Mackenzie Sigalos digs into this for us in today's tech check. Mac. Hey there.Morgan. So I spoke to a person close to deal talks, and we know that the secondary will be bigger than that $1.5% billion. The amount of equity involved in the last employee share buyback.Now, part of why we're seeing that floor rise is simply timing. So OpenAI has a two year hold rule. As more time passes, more employees are elig ...