On the VC private vs. public market arbitrage in crypto

TradFi companies are trying to package together financial instruments other TradFi companies feel comfortable buying so that they don't have to hold crypto due to various regulatory complications.

In contrast, crypto token sales can occur and you don’t know the name of a single person involved. Any investor can buy in—all they need is a wallet. To make it even weirder, the system of record is on the blockchain, so every single movement of value is publicly viewable—despite participants being entirely anonymous. Meaning that anyone with suffi... See more