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Blog iconAquarius
Aug 15

The Rediscovery of RWA — The On-Chain Rebirth of Traditional Assets

This article was published by Aquarius Capital in conjunction with Klein Labs. Introduction Since 2024, Real-World Assets (RWA) have reemerged as one of the core narratives in the crypto market. From stablecoins to U.S. Treasuries, and even experimental stocks and non-standard assets, the on-chain transformation of real-world assets is transitioning from a validation phase to an expansion phase. This shift is driven not only by technological maturity but also by a clearer global regulatory en...

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The Rediscovery of RWA — The On-Chain Rebirth of Traditional Assets

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[Research] A Deep Dive into Parallel EVM and Its Landscape

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[Research] Decentralized Storage: The Competitive Landscape (Part Two)

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Introducing Aquarius

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[Research] Technical Breakdown of Real-World Asset (RWA) Tokenization Mechanisms

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[Research] Beyond Polymarket: Exploring Opportunities in Prediction Market Design

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A research-driven asset management firm with over $600 million in cryptocurrency assets under management (AUM).

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Strong faith after: why Sui still has long-term growth potential
Blog iconAquarius
Jun 3
This article was published by Aquarius Capital in conjunction with Klein Labs, with special thanks to eco-projects especially NAVI Protocol and Bucket Protocol and Comma3 Ventures for their technical guidance and support during the research process. TL;DRThe Cetus vulnerability originates from the contract implementation, not the SUI or Move language itself: This attack is rooted in the lack of boundary checks on the arithmetic functions in the Cetus protocol - a logical vulnerability caused ...
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Mar 12
Fortress Initiative Launches Comprehensive Liquidity Management Security Framework to Set New Industry Benchmarks
New York City, New York – March 12, 2025 – Nano Labs, SlowMist, and Aquarius are proud to announce the launch of the Fortress Foundation and its inaugural initiative, the Fortress Initiative—a Liquidity Management Security Design Framework and Process Audit Standards designed to set new benchmarks for security and transparency in the cryptocurrency Liquidity Management sector. This initiative delivers detailed guidelines for securing Liquidity Management protocols and establishes practices fo...
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Jan 11
[Research] Technical Breakdown of Real-World Asset (RWA) Tokenization Mechanisms
Tokenized real-world assets (RWAs) are digital tokens recorded on a blockchain that represent ownership or legal rights to physical or intangible assets. The scope of tokenization spans a wide range of asset classes, including real estate (residential, commercial properties, and REITs), commodities (gold, silver, oil, and agricultural products), art and collectibles (high-value artworks, rare stamps, and vintage wines), intellectual property (patents, trademarks, and copyrights), and financia...
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Jan 6
[Research] Decoding MicroStrategy's Strategy: A Deep Dive into Crypto-Backed Convertible Bonds (Part I)
Convertible BondConvertible bonds are hybrid financial products that incorporate features of both debt and equity. Issuers raise capital through bond sales, offering periodic interest payments and a fixed maturity date. Investors, in turn, have the option to convert the bonds into equity shares at a predetermined conversion rate.The convertible market has experienced significant growth recently. This year's convertible debt issuance is expected to reach $70-$80 billion—40% higher than in...
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Dec 17
[Research] Beyond Ethereum: Examining the Potential of Emerging Blockchains for Stablecoin Adoption
ContextThe stablecoin market has rapidly grown, positioning itself as a major force within the digital economy, rivaling traditional financial networks. According to Coinbase research, stablecoins processed over $10.8 trillion in transactions in 2023. When adjusted for "inorganic" activity, such as bot-driven or automated transactions, the volume stands at approximately $2.3 trillion. This adjusted figure reflects an organic year-over-year growth rate of 17%, underscoring stablecoins' in...
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Dec 4
Can WisdomTree's XRP ETF Gain Approval?
WisdomTree, Inc. is a global financial innovator specializing in exchange-traded products (ETPs), models, and solutions that leverage blockchain-enabled technology. As of September 2024, the company achieved record assets under management (AUM) of nearly $113 billion, reflecting its significant presence in the asset management industry. In November 2024, WisdomTree expanded its cryptocurrency offerings by launching the WisdomTree Physical XRP ETP (XRPW) in Europe. This product is listed on mu...
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Nov 19
The State of BTC-Fi Adoption: How Far Have We Come?
Host: Aquarius https://x.com/0xAquariusCap Guest:Clayton Menzel, Head of BD at Babylon https://x.com/babylonlabs_ioLester Chui, Institutional Partnership Lead at P2P.org https://x.com/P2PvalidatorMakoto, Co-founder at Pell Network https://x.com/Pell_NetworkJing Xiong, CBO at Solv Protocol https://x.com/SolvProtocolYoutube: HighlightsBTC-Fi’s Unique Value Proposition: Bitcoin staking finance (BTC-Fi) aims to redefine Bitcoin’s role beyond its traditional “store of value” image by enabling yiel...
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Oct 10
[Research] Decentralized Storage: The Competitive Landscape (Part Two)
In recent years, decentralized storage systems have emerged as pivotal solutions for data management in a world increasingly concerned with data autonomy, privacy, and security. As decentralized technologies continue to evolve, a competitive landscape has formed, with various platforms offering unique features tailored to different use cases. This article delves into the competitive landscape of decentralized storage, providing a comprehensive analysis of key features, performance metrics, an...
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Oct 10
[Research] Decentralized Storage for Data Autonomy (Part One)
IntroductionData sovereignty has become an increasingly pressing issue as concerns over privacy, security, and user control intensify in the digital age. Traditionally, data sovereignty refers to the principle that data is subject to the governance and laws of the nation where it is collected or processed. This centralized approach is largely based on governmental control and data localization policies, ensuring that data remains within specific geographical boundaries to comply with local re...
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Oct 1
[News] Token2049 Infra x AI Day Brings Together AI and Blockchain Innovators in Singapore
Singapore, September 30, 2024 — The highly anticipated Token2049 Infra x AI Day commenced at the OGBC Innovation Hub in Singapore, bringing together influential leaders, innovators, and investors from the AI and blockchain sectors. The event, a cornerstone of AI and blockchain innovation, has cemented itself as one of the premier AI-focused gatherings of the year. Featuring keynote speeches, panel discussions, project showcases, and networking sessions, the summit provided a comprehensive pla...
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Sep 12
[Podcast] Why RWAs Need Their Own Chain: Insights from Plume Network CEO Chris Yin
Full Podcast: Host: Aquarius https://x.com/0xAquariusCap Guest:Chris Yin, Co-founder and CEO of Plume Network https://x.com/chriseyinSam Wang, Research Lead at Aquarius Fund https://x.com/0xpotatoSamHighlightsPlume’s Vision for RWAs: Chris, co-founder and CEO of Plume Network, explains that Plume is building a chain specifically for real-world assets (RWAs). Their goal is to simplify interaction with RWAs through crypto rails, making them as accessible and liquid as crypto-native assets. Plum...
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Sep 7
Decoding the Logic Behind VC Coins
In web3, understanding the strategies and logic behind VC investments is crucial for both investors and industry participants. This article delves into the intricate dynamics of VC coins, exploring how major projects like Ethena, IO, and MSN have shaped the market, the emerging trends in different regions, and the key factors that distinguish successful projects from those destined to fade. By uncovering the underlying strategies and potential pitfalls, this article provides valuable insights...