Looking ahead, forecasts for tokenized assets vary a lot but they all point in the same direction: growth. McKinsey: $2–4T by 2030. Ark Invest: $11T by 2030. BCG/Ripple: $9.4T by 2030, $18.9T by 2033. Standard Chartered: $30T + by 2034. The gap between $2 trillion and $30 trillion is more about definitions than adoption. Different institutions are measuring different things. McKinsey focuses mostly on bonds, loans, funds, and equities. Standard Chartered adds commodities and trade finance. BCG and Ripple include deposits and stablecoins alongside more traditional asset categories. Despite these differences, the broader trend is consistent: Asset tokenization is expected to expand.

When a crypto protocol gets hacked, everyone knows the number. When a traditional organization gets breached, the details often stay buried. @eddylazzarin on what that does to crypto's reputation: "Crypto's transparency makes it more evident when things have gone wrong. Stealing hundreds of millions of dollars or 50 million, or even just a million, is so salient and so specific." "I know a lot of traditional organizations that are worried about hacks. It's hard to quantify the damage. You just hear like 'information leaked.' Okay, how bad is that really? The grand scope of the damage is hard to say. Still really bad, but it's mushier." "A lot of the damage in conventional hacks is hidden. In fact, corporations have a very strong interest in avoiding people seeing it, to avoid backlash and scandal." "And so crypto has a unique disadvantage narratively when it comes to security issues, and that's unfortunate."

The CLARITY Act has now passed out of the Senate Banking Committee with bipartisan backing and moves to a full Senate vote - a historic moment for crypto entrepreneurs and American consumers. Crypto is not a red or blue issue. It is about whether the next generation of financial and internet infrastructure gets built in the United States. Thank you to @SenatorTimScott and @SenLummis for your leadership on the committee, to @BankingGOP, @Sen_Alsobrooks, and @RubenGallego for their support, and to all of the staff who have worked tirelessly to get to this point. It’s time to pass CLARITY.

The crypto industry is closer than ever to having a regulatory framework that protects consumers and empowers builders to speak plainly and build freely. Markets and innovation thrive when the rules are clear. Advancing the CLARITY Act through the Senate Banking Committee today with bipartisan support was a huge step. Let's now move this to the floor and pass it!

Following a string of major DeFi exploits, we unpack what's driving the recent rise in hacks across crypto. a16z crypto GP Eddy Lazzarin and security engineer Matt Gleason join host Robert Hackett to take a closer look. Their argument: AI is not introducing entirely new vulnerabilities. It's making existing weaknesses easier to identify and exploit. The question is whether defenders can evolve as quickly as attackers. 00:00 Intro 00:57 The surge explained? 01:37 Did attackers use AI 04:19 How AI can help defend against attacks 09:16 The doomsday marketing debate 17:17 DeFi transparency: opportunities and challenges 21:00 Social engineering and how to stay safe @eddylazzarin @rhackett

The Senate Banking Committee released the latest draft of the CLARITY Act last night. The draft has significantly improved since January and reflects years of bipartisan negotiations. It’s time to get this passed. This bill safeguards consumers, includes important developer protections, and gives crypto entrepreneurs the regulatory clarity they need to build here in the U.S. We’re thankful for the hard work of the Senate Banking Committee and their staff. We urge Senators on both sides to move quickly to advance it out of Committee, to the Senate floor, and ultimately be signed into law by the President.

"Last year alone, stablecoins accounted for $9 trillion in annual transactions, putting them in the same league as Visa and PayPal" Today we're investing $75M in the ARC token, the asset powering Circle's new chain built for institutional finance.

"A very resourceful engineer can now do a lot of product management and a lot of design if they're just willing to do the work and use AI." @alive_eth on AI collapsing the PM, designer, and engineer roles into one: "One thing that we're seeing is the blending of the roles of the product manager, the designer, and the engineer, where every one of those three believe that they can do the job of the other two. Marc Andreessen actually referred to this as the Mexican standoff between the three." @alive_eth @unchained_pod @laurashin

Tokenized “real-world” assets (RWAs) have surged 10x in two years, now topping $30B — with nearly half held in U.S. Treasury debt. The growth reflects rising institutional demand to put traditional financial instruments onchain, from government bonds and commodities to equities and private credit. While U.S. Treasuries dominate today, the asset class is broadening, with more categories gaining meaningful share in recent quarters. Note: RWAs are traditional financial instruments such as government bonds, commodities, and equities that are represented onchain as tokens.

A few years ago: 10-14 transactions per second. Now: any amount of money, anywhere in the world, in under a second, for under a penny. @alive_eth on @mts_live explaining why crypto is breaking out of its niche and becoming mainstream financial infrastructure.

"It's a wonderful time to be a pragmatist building onchain." Chris Dixon, Ali Yahya, Eddy Lazzarin, and Guy Wuollet on Crypto Fund 5, where crypto is right now, and where it's heading next. 00:00 Open 01:31 Why raise Crypto Fund 5 now 02:10 The GENIUS Act and what regulatory clarity unlocks for builders 04:32 Why stablecoins are crypto's WhatsApp moment 08:54 Why the next era of crypto founders will be pragmatic, not ideological 11:49 From cypherpunk revolution to crypto's "collared shirt era" 15:02 Programmable money meets AI 21:15 Onchain capital markets for compute, energy, and credit 25:57 Why finance is the foundation, not the ceiling 28:48 AI agents as first-class economic actors 38:19 Why privacy is the only moat 41:26 Jevons paradox and the future of blockspace demand 43:20 Jolt and the zero-knowledge breakthrough 58:15 Writing the next chapter of Read Write Own @cdixon @alive_eth @eddylazzarin @guywuolletjr @rhackett