Private markets are going onchain. But liquidity is a key missing piece. Fission (@FissionXYZ) CEO Jonathan Shaffer joins Frank Chaparro (@fintechfrank) to discuss tokenized private credit, cross-chain settlement, and unlocking a new era for alternative assets. Watch here:

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FROM THE ARCHIVES: This two-part episode features GSR's Alex Taaffe (@ataaffe) and GSR's Andy Baehr (@baehr) talking with GSR's Frank Chaparro (@fintechfrank) about fewer token launches, onshoring perps, bullish catalysts, fixed income DeFi, compressed volatility, and more.

Pulled two conversations out of the archives for The Crypto Tape. I sat down with two of @GSR_io's leading minds earlier this year: Alex Taaffe, our US chief revenue officer, and Andy Baehr (@baehr), head of our asset management. Alex covers why token launches have slowed, what a project needs before it launches a token, and why perps are one of crypto’s best inventions. Plus his playbook for selling in crypto. Andy explains why volatility is a good thing, the signals he looks for in a proper rally, and why DeFi needs a proper fixed income market. If you want to hear how top execs inside a trading firm are thinking about the market, listen. Episode drops tomorrow.

Really enjoyed this conversation on “The New Shape of Market Structure” at Definition 2026 during Token2049 Singapore, with three legends of crypto market structure: David Lawant at Anchorage, Stef Wynendaele at Keyrock and Joshua Lim at FalconX. We covered: - Why everyone wants to be a prime broker, and why the term still means something different in crypto than in TradFi - Why institutions seem focused on tokenization and RWAs, and not buying the long tail of crypto assets (hedge funds can already hold tokens but risk-adjusted return versus equities doesn't necessarily seem worth) - How credit is coming back in secured form, with tokenized equities as collateral a major tailwind - Why crypto market makers are better off focusing on what they know, like tokenized and DeFi-issued assets, than trying to out-trade established TradFi market makers in large-cap equities

“The platform’s gonna do what’s best for the platform, not what’s best for the consumer.” In episode 5 of The Desk, we sit down with Anna Kazlauskas (@annakaz), co-founder of Vana and CEO of OpenDataLabs. We cover what happens when public internet data hits a ceiling, what stays scarce once models know everything, and what changes when agents start shopping for us. Watch the full discussion here: