RWA2026-10-01 04:58:20Theory Ventures founder says RWA crypto market is growing faster than AITheory Ventures founder Tomasz Tunguz said the world’s fastest-growing market is not AI but the crypto market built around on-chain real-world assets, or RWA. In his view, RWA is bringing stocks as well as commodities such as oil and copper onto blockchains, while also taking on much of the public price discovery process when commodity exchanges are closed. Tunguz said stock perpetual contracts are being used to provide pre-listing price signals for companies including Anthropic, OpenAI, SpaceX, and Cerebras, while also opening access to international users. He cited data showing that Cerebras’ pre-IPO perpetual price was within 1.3% of its Nasdaq opening price. For SpaceX, he said perpetual open interest stood at about $215 million and cumulative pre-listing trading volume reached roughly $2.2 billion. He also pointed to a September 2026 report from Pantera Capital, which said stock perpetuals on Hyperliquid and Lighter recorded $67.8 billion in June trading volume, or 16 times the spot volume of tokenized stocks. Tunguz added that stablecoins have become one of the top 10 buyers of U.S. Treasuries and are being used to settle these tokenized asset trades.80
Allium2026-06-23 13:01:43Blockchain Data Analytics Firm Allium Raises $40 Million in Series B Led by Amplify PartnersAllium, a New York-based blockchain data analytics company, announced a $40 million Series B funding round led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures. The firm specializes in cleaning and integrating complex on-chain data for institutional clients including Visa, the Federal Reserve, Coinbase, and a16z's crypto division.1830
