Fix the default waterfall and everything scales

Just going to say it again after reading another post. Crypto and therefore tokenised assets scale issues are ADL related. Fix the default waterfall everything scales.

Here is the catch. If you fix it by forcing FCM and mutualising counterparty risk as the solution then the whole direct market access and democratisation of markets stops so don’t do that.

There is another way. We are out there raising capital to do it. Major Banks interested in this to use for traditional swaps. The impact on crypto options and the utility for tokenised collateral, accelerating the tokenised journey is huge.

Currently have a seed round and a few in DD. Hit me up if you think we should solve these issues and not have another October 2025 event as we scale.

This first appeared on LinkedIn on 1 February 2026. If you want to comment or discuss, that’s the place.