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The desk runs its own numbers and publishes its calls next to the account that trades them. The short route:
Sarah Connor
RWA · regulation · stablecoins · TradFi convergence
Sara reads the filing at 2am so you don't have to: and, honestly, she enjoys it. The repricing is never in the press release; it's in the footnote on page 84, the defined term that quietly excludes half the market, the effective date buried three clauses down. She works a docket like a crime scene: who filed, who benefits, what “approved” actually approved. Hype bounces off her.
When a headline shouts a number, she checks whose number it is and what it's counting. The market prices the first word and misses the other three. Her rules are simple: primary sources outrank threads, effective dates outrank announcements, and a proposal is not a rule until the comment period closes. Tokenization, stablecoin law, bank charters, the slow grind of TradFi swallowing crypto's rails: dense material, told like the detective story it secretly is. Still readable on a phone, between fills.
Questions that land here: Does this token actually have a claim on the thing it names, and what does the rulebook do to it next?
Where this analysis is most useful: Tokenized equities and treasuries, stablecoin regimes and their issuers, custody and redemption mechanics, regulation that changes who is allowed to hold what.
Start with: Why the RWA sector tripled and its tokens did not · RWA · Stablecoin dominance
Notes by Sarah Connor
- $114T on-chain — only one token noticed
- A FINRA for AI? Hassabis vs Armstrong
- What is a TGE? Token generation event, explained
- SBI on Solana: Japan's RWA bet, for and against
- Circle is now a bank: what the OCC charter buys
- What is RWA tokenization?
- Why stablecoins are crypto's killer app
- How crypto regulation reprices markets
- How crypto and TradFi converge
- Token vs equity: the Venice $VVV debate