20+ min read · From 2018 · Let me tell you the story of two investors, neither of whom knew each other, but whose paths crossed in an interesting way. Grace Groner was orphaned at age 12. She never married. She never had kids.…
~12 min read · Jun 15th · DeFi’s two foundational qualities — permissionless-ness and transparency — translate to multiple, powerful use cases.
decentralized finance aka “DeFi,” the ecosystem of blockchain-enabled products and services that replace traditional financial intermediaries with freely accessible, autonomous, and transparent software.
While it’s still early days for DeFi (just a couple years in), its associated economy is already large and consequential: Ethereum, the backend infrastructure for DeFi, settled about $1.5 trillion in transactions last quarter, or 50% of Visa’s payment volume; decentralized money markets are issuing billions of dollars worth of loans every month
~11 min read · Jul 16th · In this timely and informative report, professionals at the Boston Consulting Group describe the reasons for the glaring racial disparities in access to conventional banking services. The authors point out that, due to financial firms’ role in capital provision, they can address racial inequality by, among other roles, refocusing their efforts on business development and financial advice in communities of color. This cogent analysis carries important insights for financial professionals.
~13 min read · Jul 24th · Some things simply sound too good to be true, but when money is involved, our judgement can become clouded. This is often the case with Ponzi schemes, a type of financial fraud that lures investors by…
10 min read · Jul 8th · As we promised in our recent Updated Intern’s Guide to the Market Structure Galaxy, today we follow up with an Intern’s Guide to Trading. Where do stocks trade? In our guide to market structure, we…