Why Most Tokenization Deals Die Before They Ever Launch
By David Kermaani, Director of Sales Americas, ChainUp Key Takeaways Tokenization deals fail on legal and accounting groundwork, not technology. RealT’s $140M collapse proved that. On the accounting side: no reconciliation process between the asset and its on-chain twin is the most common gap. On the legal side: undefined token rights, missing KYC/AML at issuance, […]
Prediction Market Architecture: What Operators Can Learn From Kalshi’s Regulated Model
Key Takeaways Kalshi’s trajectory from a niche event-contract venue to a multi-billion-dollar valuation was unlocked by foundational regulatory engineering: dual CFTC designations as a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) established an unassailable institutional moat. The API-first distribution model — REST, WebSocket, and FIX 4.4 protocol support — turned Kalshi from a […]
What Is a Perpetual Decentralized Exchange (Perp DEX)?
Key Takeaways Perpetual decentralized exchanges (Perp DEXs) allow traders to open long and short positions with leverage and no contract expiry while retaining absolute custody of their digital assets. Decentralized derivatives volume has surged eightfold since early 2024, with perp DEXs capturing over 10% of aggregate crypto perpetual futures volume. Smart contracts, decentralized oracles, dynamic […]
Crypto Perpetual Futures: Liquidation Mechanics Every Trader Should Know
Key Takeaways Forced liquidation occurs when unrealized losses push position equity below the exchange’s maintenance margin threshold. High leverage drastically compresses this distance—at 50x, a mere 2% adverse price move triggers liquidation. Liquidation cascades trigger automated market-sell orders that vaporize order book depth, creating a feedback loop of forced liquidations and price dislocations across venues. […]
