Tokens: a nightmare for fiduciaries?
By Damien Black Fiduciaries have their work cut out for them now that stablecoins and tokens are moving into the
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The Vault Opportunity: Why the Next Big Asset Class Won't Arrive With a Ticker
By Vanessa Grellet, Managing Partner at Arche Capital The most important development in asset management this year will not show
The vault opportunity, Coinshares on affluent investors and their portfolios and regional bank blockchains: The Intersection (#33)
Welcome to another weekly letter (#33 for the week beginning Monday, October 12th, 2026) from TheIntersection team. In this issue:
BlackRock tightens grip on stablecoins
by Damien Black BlackRock continues its attritional move into tokenization with its recent bid to target stablecoin reserves. In the
Europe is building Euro stablecoins nobody asked for
By Marcel Thiess, CEO of Thiess Invest GmbH On 8 May 2026, Christine Lagarde spoke at the Banco de España&
Europe's unwanted stablecoins, BlackRock definitely wants stablecoins plus Morgan Stanley on Open USDs launch: The Intersection (#32)
Welcome to another weekly letter (#32) from TheIntersection team. In this issue: 1. News: Stablecoins keep growing, but USDC slips
Tokenisation can make an asset transferable. It cannot make it liquid
By Ivan Kroshnyi, founder of SharPay I spent more than a decade in trading before moving deeper into investing and
Does tokenization have a liquidity problem?
By Damien Black More than half of $60 billion in tokenized assets are sitting idle on the blockchain and not
The token liquidity Special: The Intersection (#31)
Welcome to another weekly letter (#31) from TheIntersection team. In this issue: 1. News: ECB brings central bank money onto
UK gold tokens: clever idea or Hail Mary? Plus hard data on illiquid token markets & the SEC's 5-year window: The Intersection (#30)
Welcome to another weekly letter (#30) from TheIntersection team. In this issue: 1. News: SEC gives tokenised stocks a five-
Now CLARITY is dead, what is the future of DeFi regulation?
The CLARITY Act is looking dead in the water, but the issues it set out to resolve aren’t going
Clarity may be dead but questions remain, plus record crypto wealth in 2026: The Intersection (#29)
Welcome to another weekly letter (#29) from TheIntersection team. In this issue: 1. News: The UK Crypto regulatory countdown begins