Infrastructure

The Toll Before the Traffic: What x402 Changes for Payments, Agents, and Web3

The machine-payments standard has its full settlement stack built and priced. The traffic it was built for hasn't arrived.

What to Expect When Tokenized Assets Join the Onchain Economy

New BRN research tests the trillion-dollar tokenization story against actual use, not issuance

Tokenized assets and the perimeter problem

How programmable settlement changes treasury operations

Institutions Are Moving Billions in Bitcoin, Ethereum and Solana Off Wallets and Into ETF Wrappers

BlackRock cut its Bitcoin-to-ETF conversion minimum from $25M to $1M — and Wall Street's custody migration is only getting started

Tokenized T-Bills Are Building a New Cash Layer for Institutional Crypto Portfolios