GSR have acquired 2.5M $PONS tokens and have started market making on OKX and Kucoin. Cumberland and Wintermute are also involved. Wintermute currently hold 17.4M $PONS tokens valued at $10M while Cumberland hold 17.1M $PONS tokens valued at just under $10M Market makers are ready for the rest of T1 exchanges to list $PONS

24/7 trading needs 24/7 collateral. @GSR_io’s Managing Director @baehr explains why tokenized Treasuries and money market funds could help keep collateral productive, enable weekend trading and reduce risk as markets move toward an always-on model. @jennsanasie brings you this week’s Brand New Rails.

The dress code is a leading indicator. Andy @baehr of @GSR_io, a crypto market maker since 2013 that’s traded $1T+, on the conversion rate from black t-shirts to blazers and what sits underneath it: tokenized fixed income used as a collateral enhancer, tokenized equity users into the millions, and what he calls two outboard engines on the back of the boat, the CFTC and the SEC pushing in the same direction. Andy on a new episode of The Meridian with @ashgoblue drops tomorrow. This content is for informational purposes only and does not constitute investment advice. This content may contain forward-looking statements that involve risks and uncertainties; actual results may differ materially. Digital assets involve risk, including potential loss of principal. Learn more about Evernorth:

FM Speaker Highlight: CJ Fong APAC General Manager at GSR, based in Singapore. Before entering crypto, he built his career at Morgan Stanley as a structurer and head of Fixed Income Solutions for the Private Bank, and at Nomura Private Bank focusing on client solutions in both public and private markets. Can't wait to have him at FM26. FUTUREMODE 2026 📍 Taipei Expo Dome | Sep 4–6, 2026 🌐 🏟 Early Bird Till 7/1 Local - International -

@Lukexiao0 @valgui1 @xStocksFi @Paimon_Finance @FTDA_US @andyisnotandy @GSR_io @warplord_eth @EVGHQ @sohkai @preludexyz The stage wrapped up with a panel focused on onchain finance infra, joined by: · Nile Natsheh of @awscloud · @samuel_vvvv of @GeniusTerminal · Ahmed Zifzaf of @Worldpay_Global Moderated by @0x1CMC