$OPENSEA
StableSnapshot Window: 2026-07-16 08:20 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 4, Retweets: 0, Likes: 15, Impressions: 931
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Our CEO Xin Song ( @xinsong86 ) told CoinDesk: "The convergence of traditional finance and digital assets is happening faster than ever, and we have to reinvent ourselves to meet the market where it is." [Spoken audio]: It's not just humans that are users. It's also the agents, the agentic AIs, right? And they don't understand institutions or brokerages and AYC. They just want programmable money and assets. I'm Shin Song, I'm the CEO of GSR, based in Singapore, and moving to London, I didn't just see it. There's three competing models for token ad equities right now. It seems to be RAP shares, ATS, and also DTCC Direct. Which one do you think actually wins? The RAP model with Ondo and X stocks, That's definitely been the fastest horse out of the block, right? Like it's not the most market share. We're probably talking about 60, 70 plus percent market share so far with space sets in particular. A bunch of people that wanted allocations because it was an SPV model, they didn't get the allocations. We hope that it will be tested when open AI comes to the market or Anthropic comes to the market. Those will be equally hot and let's see which model wins at that point. Let's talk about GSR for a second. You've gone from a market maker to a broker dealer, ETF issuer, advisory shop in about a year. Is it demand driving it, the expansion, or are you wanting to meet the market where it will be? The convergence of traditional finance and digital assets is happening faster than ever. And we have to reinvent ourselves to meet the market where it is. So we are taking a little bit of a bet on where the puck is going and trying to skate there as opposed to being reactive, right? Perpetual futures are some of the most traded products right now in crypto. What changes when that market fully opens? There's so much product market fit, right? It is the crypto invention that's really broken through to the mainstream. If you had to pick one, it's probably that. Why are perpetual so great at that? It's because they compress fragmented liquidity in one place in one easy to understand contract, right? It's all for no expires of the quality contracts. You don't have to roll, you don't have to change your hedging strategy. for retail investors it was super interesting and easy to access. Gave them the leverage, gave them access to an underlying asset that was volatile anyway so they don't need the options, they can do it with the perps.
