
Insights & Analysis



An Overview of Japanese Stablecoin Regulation
Focusing on the Issuance and Intermediation Structure
15 min read

What Institutional Custody Means in the Crypto
Institutional Custodians Which Brought Trust to the Crypto
6 min read




Social Media is Changing; What Can Web3 Do?
A New Frontier for Composability and Independence in the Creator Economy
7 min read

Is Staking a Security? A Primer on Staking and Securities Law
Are all staking services a security? What exactly is a security?
30 min read

Account Abstraction and VISA — the Key to Innovating Blockchain Payment System
Highlighting VISA's Paymaster
10 min read

MakerDAO Endgame — Dreaming of a Complete Rebranding
Highlighting the Five Phases of Pregame
11 min read



STO Series Part 3: The Way Forward for the Korean Security Token Market
Focusing on the Issuance and Distribution System of the Japanese Security Token Market
11 min read

STO Series Part 2: A Prelude to the Korean Security Token Market
Focusing on Changes in Issuance•Distribution Structures and Related Legislation
11 min read

STO Series Part 1: History and Current Status of Japan’s Security Token Market
Japan’s Crypto Market that Turned Crisis into Opportunity
12 min read

Perpetual DEX Q&A: Background knowledges and supplemental explanations
Background knowledges and supplemental explanations
8 min read

Winds Of Change: Web3 Gaming Heading to a New Frontier?
Tokenomics paradigm shift and insights from TreasureDAO
16 min read

Perpetual DEX Part 3: Oracle & Orderbook Based Perpetual DEXs
Oracle & Orderbook Based Perpetual DEXs
18 min read


Endgame Series Part 3: Various opinions surrounding Endgame
Centered around a statement from A16z
12 min read

Perpetual DEX Part 1: The Significance of Decentralized Perpetual Futures Contracts
The Significance of Decentralized Perpetual Futures Contracts
13 min read

Endgame Series Part 2: The True Decentralization of DAI
Focusing on the Change in DAI’s Collateral Structure
22 min read

Decentralized Finance Entering the Real World
About Real World Businesses through DeFi & Traditional Companies
16 min read