Institutional adoption has entered a new phase, driven by regulation, stablecoins, and emerging public market vehicles. The foundation is being built in real time, and institutions that don’t move now risk getting left behind.

In this episode of Total Value Unlocked, Matt Zhang speaks with Brett Tejpaul, Head of Coinbase Institutional, about the structural shifts transforming how large allocators and corporates enter the crypto economy.

They discuss:

• How regulatory clarity and the legalization of stablecoins are accelerating participation
• The three pillars of Coinbase Institutional and where the next phase of growth is headed
• Why payments and tokenization are the real disruptors for banks and financial institutions
• How AVAX One, a Digital Asset Treasury (DAT), is bridging traditional capital into blockchain markets

Timestamps:

00:00 – Introduction: The new phase of institutional engagement

02:00 – Inside Coinbase Institutional: three pillars of the business

06:00 – From custody to full-stack infrastructure

08:00 – Regulation and stablecoins as catalysts

12:00 – What’s different about this wave of institutional interest

15:00 – The challenges institutions still face

18:00 – Policy momentum in DC and global implications

23:00 – Coinbase’s expansion into derivatives, financing, and asset management

26:00 – The rise of Digital Asset Treasuries and AVAX One

31:00 – Tokenization and on-chain structured products

34:00 – TradFi × DeFi convergence

36:00 – Stablecoins and payments as the next unlock

43:00 – DATs as a scalable bridge for institutional capital

45:00 – From skepticism to conviction

47:00 – Closing thoughts and where to follow Brett

Connect with Brett:

https://www.linkedin.com/in/brett-tejpaul

Follow Coinbase Institutional:

https://x.com/CoinbaseInsto

https://www.linkedin.com/showcase/coinbase-institutional/

As a reminder, none of this discussion should be taken as investment or financial advice. Please refer to our website for more information or contact Hivemind directly for our list of investments

In this episode of Total Value Unlocked, Matt Zhang sits down with Jake Greenstein, CEO of Blueprint and Partner at Hivemind, to unpack why operations and infrastructure are becoming some of the most important levers in digital assets—and why most funds are still overlooking them

.

Timestamps:

01:00 – Why infrastructure is the overlooked edge in digital assets

02:00 – Comparing crypto ops vs. traditional finance

04:00 – The current state of crypto operations: fragmented and homegrown

06:40 – How funds vs. builders approach operational challenges

09:00 – Introducing Blueprint: the vision and stack

10:30 – Staking infrastructure and PMS engine

12:45 – Blueprint as the “glue” for your stack

16:20 – Friction points in staking today

18:30 – Beyond staking: full orchestration across assets

20:30 – The digital asset lifecycle and multi-asset vision

22:30 – Who benefits most from Blueprint

24:30 – Key questions allocators should ask about ops readiness

26:45 – Rethinking risk management in crypto funds and treasuries

28:20 – Building Blueprint: challenges and execution

30:00 – What success looks like in the next 12 months

32:00 – DATs, TradFi–crypto crossover, and where Blueprint fits

34:00 – Where to find Blueprint and connect with Jake

Connect with Jake: https://www.linkedin.com/in/jake-greenstein-29479630

As a reminder, none of this discussion should be taken as investment or financial advice. Please refer to our website for more information or contact Hivemind directly for our list of investments

Welcome to another episode of Total Value Unlocked Podcast!

Emmanuel Vallod, Partner and Head of Ventures at Hivemind, steps in for Matt Zhang to host a discussion with Arnab Sen, Co-founder and CEO of GFO-X.

As the UK's first regulated centrally cleared trading venue for digital asset derivatives, GFO-X is at the cutting edge of financial market infrastructure. Arnab shares his insights on the relevance of derivatives, institutional needs, and the evolution of digital assets in traditional finance. Tune in to understand what's required for banks and large institutions to participate fully in this emerging asset class, backed by cutting-edge derivative structures and stringent regulatory compliance.

Timestamps:

02:12 – What makes a market “mature” and why crypto isn’t yet

05:38 – Arnab’s journey from Goldman to founding GFO-X

09:00 – How GFO-X is designing infrastructure for banks

11:22 – Spot, futures, and the missing leg: options

14:40 – Why central clearing is the unlock no one talks about

18:15 – “Institutional-grade” isn’t marketing, it’s hard engineering

21:08 – What banks actually need to take on crypto risk

24:42 – The biggest gaps in today’s crypto market structure

28:36 – Why options drive institutional liquidity

32:45 – Collateral is broken, here’s how to fix it

37:20 – Tokenization is useless without credit and portability

42:30 – How to get from bilateral risk to scalable markets

50:18 – What success looks like