Tokenized RWAs reached $39.3B onchain this month, up more than 80% since January, with issuers like BlackRock and Apollo already bringing funds and credit onchain. The question now is what can holders actually do with these assets once they arrive? For the latest Pendle RWA Insights, we posed 10 questions to Sebastian Pulido, Managing Director and Head of Onchain Asset Management at @Grayscale 👇

trade[XYZ] and ICE, owner of the New York Stock Exchange, are joining forces to bring 24/7 perpetual futures on Hyperliquid to the United States. In just over a year, our markets on Hyperliquid have surpassed $650 billion in volume. They provide continuous price discovery for stocks, indices, and commodities, and have become trusted reference points for retail and institutions alike when traditional markets are closed. Much of the world trades them. Until now, Americans could only watch. We intend to change that. Subject to CFTC approval, trade[XYZ] and ICE plan to establish a new, dedicated U.S. market, with novel exchange and clearing infrastructure built on Hyperliquid. Planned contracts span equities, indices, commodities, FX, and crypto, with access through participating brokers and platforms. We’ll share more on products, eligibility, and timing as approvals progress. ICE brings more than 25 years of experience operating regulated markets, clearing, and managing risk. trade[XYZ] brings the product development, market design, and technology behind the most liquid and robust markets on Hyperliquid. Innovation and the protections of U.S. regulation shouldn’t be a trade-off. Together, we plan to prove it. ICE is making a strategic investment in trade[XYZ] and joins us in building towards the future of Hyperliquid. A small group of market luminaries is joining as well, beginning with Stan Druckenmiller. For more than four decades, few investors have anticipated the great turns in markets as often as Stan. We’re proud to have him with us for the next one. We’re building the U.S. market in parallel with our existing HIP-3 markets, which we’ll continue to expand and innovate on. We expect both to flourish. They each have a long road map ahead, from new asset classes to new ways to trade them. To the Hyperliquid community, whether you were here before us or came because of us, thank you. You took a chance on new markets and you made them matter. You’ll forever be a part of this story. Anything. Anytime. On ICE[XYZ].

A decade ago, Zcash $ZEC went live. Here’s how far Zcash has come: − Shipped ten network upgrades as a research-driven protocol − Became the largest privacy-preserving digital asset by market capitalization at $21B¹ − Pioneered the first widespread use of zk-SNARKs − 25 second block times with the upcoming upgrade − Gained institutional interest, The Zcash ETF $ZCSH crossed $1B AUM within a month of launch Happy 10 years, Zcash. Job’s not finished.

Happy Birthday Zcash $ZEC. 10 years of privacy is just the beginning.

2017: Grayscale Zcash Trust launches. 2026: $ZCSH is uplisted as an exchange-traded product. 9 years of conviction in private digital money. Happy birthday, $ZCSH.

Alpenglow is live on mainnet-beta ⛰️ 🎉 Solana’s new consensus protocol: finality reduced from 12.8 seconds to 150 milliseconds, built by Anza. Why this is important 🧵