Why Wall Street Still Trades Off-Chain

Annabelle Huang joined Avi on The Daily Stack for a Bitcoin-focused conversation on why most institutional volume still settles off-chain and what it would take to change that. She contrasts Nasdaq matching billions of shares in under a second with Ethereum's throughput, and explains how Altius applies high-frequency trading principles to close that gap. She describes two groups of design partners: existing chains looking to raise performance without rewriting their stack, and fintechs and enterprises, inspired by moves like Stripe's Tempo and Circle's Arc, wanting to spin up customized infrastructure quickly. The conversation also covers the firm's $11 million pre-seed, whether fintech chains create fragmentation, banks already using distributed ledgers for internal settlement, and her measured view on tokens and value accrual.

Annabelle Huang appeared on The Daily Stack. Listen to the full conversation →

https://www.youtube.com/watch?v=ujFXakjhQIQ