Where Money Goes Next
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Recent issues
The institutional moves, policy shifts and market signals worth your attention.
- #198198: Who gets the stablecoin interest?
- CEO NoteOpenUSD goes live and hands the interest to its partners
- Monday BriefingMonday: Citi's stablecoin checkout with Coinbase
- CEO NoteSEC staff clear token buybacks and let each issuer set its own exit test
- #197197: SoFi targets $25B in card settlement
- CEO NoteCanada's big six banks are building a digital dollar that stablecoins legally can't match
- InsightsECB launches tokenized trades in central bank money
- #196196: Congress said no. The SEC yes.
- CEO NoteThe SEC Took the Pen
- CEO NoteWho won the Clarity fight
- Monday BriefingWho wins the clarity deal?
- CEO NoteClarity’s three IOUs
- #195195: Nasdaq’s $100M Kraken bet
- CEO NoteCircle Buys Tazapay: $400M for Fees, Not Float
- CEO NoteRobinhood built a bigger business that makes less money
- CEO Note21 globally systemic banks to launch stablecoin
- CEO NoteJapan Puts Its Settlement Layer on a Chain
- CEO NoteA Wyoming Bank Beat JPMorgan Out the Door
- CEO NoteCloudflare gives AI agents a corporate card
- #190190: Western Union ships a stablecoin card
- CEO NoteCircle Built a $73 Billion Dollar and Keeps a Quarter of a Cent
- CEO NoteTether’s gold pile grows while its safety buffer shrinks
- CEO NoteTen European banks launch joint blockchain
- ReportThe tokenized private credit opportunity
- CEO Noteone clause decides crypto's decade
- CEO NoteDTCC traded tokenized stocks in production
- EssayThe Fat Protocol Thesis Is Dead
- CEO NoteSwift Goes On-Chain: 17 Banks Pilot 24/7 Tokenized Payments
- CEO Notetokenized stocks' first $3B month
- CEO NoteRobinhood just rented a bank

Written for the people deciding what comes next.
Marc Baumann helped scale Bitcoin Suisse and founded 51 to bring independent data and research to institutional decision-makers.
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You’re here to understand where finance is going. Every Friday, we’ll unpack the developments in digital assets and AI that change the economics of the industry and explain what to watch next.
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Digital asset, strategy, investment, innovation and advisory teams at banks, asset managers, family offices, venture firms, consultancies and public institutions.
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The Friday Briefing arrives every Friday. You can also find Monday briefings and CEO notes on the site.
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Where money goes next.
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