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SEC Crypto Custody, Kraken's Hyperliquid Bet & AI Banking Rounds
Audio is available on Spreaker — see link below.
The SEC's proposal to let broker-dealers custody crypto directly signals a structural shift in institutional digital asset infrastructure — and capital is following the same logic. From Kraken's regulated derivatives play to on-premises AI rounds at major banks, this episode unpacks where the smart money is moving.
Audio is available on Spreaker — see link below.
The SEC is moving to let traditional broker-dealers and investment advisers custody crypto assets directly. That's not a small shift.
The Hyperliquid story connects directly. Kraken's parent company, Payward, has put forward a proposal to launch permissioned perpetual futures markets for U.S. customers through its registered derivatives infrastructure.
Elsewhere, the funding activity this cycle points to a consistent thesis. Investors are selecting for institutional control over raw capability.
Chicago-based Go.AI secured eighty-five million dollars in a Series A to embed AI hardware directly inside banks and regulated institutions. The value proposition is on-premises deployment with full data residency and audit control, no external cloud movement.
Goldman Sachs Growth Equity extended Cyera's Series G, pushing the AI-security firm to a twelve billion dollar valuation. The focus is federal market expansion and an AI-security roadmap.
One quieter data point: Monetary Metals raised ten-point-five million dollars for its gold yield marketplace, doubling annual deployment volume. Gold-denominated returns in a four-percent rate environment reflect something specific: institutional demand for yield-generating asset wrappers in regulated custody frameworks.
The through-line across all of this is the same. Capital is moving toward businesses that offer institutional control, regulatory fit, and defensible infrastructure.
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