Topic
Financial Infrastructure
3 pieces
Research May 2025
From Bretton Woods to Weaponized Interdependence: A VC Playbook for the Geo-Tech Age
The post-Cold War consensus around rules-based free trade has wound down. What replaces it — and the three technology categories that sit at its critical seams.
Research Sep 2023
Visa, USDC, and the Rewiring of Payment Rails
Visa's expanded USDC settlement program is not just a payments story. A core component of the dominant global payment network is being quietly re-platformed onto blockchain rails.
Research Nov 2022
Mt. Gox, FTX, and What Survives
The 2022 crypto collapse is a story of the speculative wrapper, not the infrastructure layer. The harder and more useful question is what does survive.