Sébastien Derivaux
@SebVentures
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#cryptobanking scholar Founding Chef at @SteakhouseFi Too boring for #DeFi, too punk for #TradFi
Strasbourg, France
Joined June 2009
1/ Introducing the Crypto Banking System, a roadmap to bring DeFi to be a challenger to TradFi .
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RT @stable_summit: 💱 We Still Don’t Have a Unified Money Layer. @SebVentures from @SteakhouseFi gave a crash course in monetary history, dr….
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Do you wonder why tokenized public securities (stocks, ETFs, . ) are not as good as they could be?.Because lack of redeem in kind. Why? Securities laws, esp broker dealer. Securities laws should be opt in, not forcing people to use worse solutions.
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Speaking of regulators spending public money and their power to unfairly compete with the private sector. I will also make one bet: The offchain settlement of the € CBDC, which is their key argument for privacy, will be removed (or watered down) before launch. Can't work.
Instruments of oppression and stagnation are often disguised as a “public good”. Will their CBDC protect citizen privacy?.Permissionless innovation?.Freedom to transact?.Exit their currency debasement?. The answer to is no. This is a tool of control. Crypto is the public good.
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People that never really worked outside of the public sector, congratulating themselves of having a startup spirit. The ivory tower mindset is strong.
Agustín Carstens has always brought a startup spirit to central banking: curious, bold & deeply committed to public service. I’ve had the privilege of calling him both a colleague & a friend. This profile beautifully captures his brilliance & humanity.
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This is what real RWA adoption looks like: multiple borrowers at launch. We're early, but past PoC. A few million isn’t much, but @StakeCapital and others are now RWA network participants—driven by profit, making markets more efficient. As it should be.
Stake Capital is proud to lead the launch of mF-ONE—the first fully on-chain private credit initiative. In partnership with @MidasRWA, @FasanaraCapital, @MorphoLabs, and @SteakhouseFi, we’re bringing private credits strategy into DeFi. A major step forward. $3 trillion by 2028 😳
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Here is the spread between our high yield Morpho vault and the more institutional one. Thanks to Morpho, liquidity is unified.
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Aave v4 bring a feature that existed in Maker since 2019. I was never convinced — a risk premium is not a mitigation for credit risk. Risk premium is an output of market forces and risk profiles, not a decision by a centralized committee.
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Question for which I would lean more towards indices as it's easier to build lending, Dexes vs risky single name which also fragment liquidity (but maybe could have more demand?).
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On the big tokenized equity debate and is it equity or not. The fact that we have debate between people clueless about the PPM tells you everything you should know. Reality is quite nuanced. The real question should be tokenization of S&P500 or individual stocks.
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Funny part is that both the work with @centrifuge and the trust framework (aka Caymans Foundation) were needed to make this happen.
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How it started. How it’s going regarding DeFi and CLOs. Four years—faster than I ever expected. Still with @centrifuge, now alongside Apollo. Grateful @SteakhouseFi was part of the ride. What a journey. Onward—happy building everyone.
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Coming back from Cannes and @rwasummit , I feel really energized to build even more. It might not be much visible on the surface, but a big shift is coming.
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Everyone is building on Ethereum.
The Ethereum Ecosystem is quietly moving beyond hype and speculation and is on track to become the world’s settlement layer. The internet transformed communication - now, the Ethereum ecosystem is revolutionizing value transfer. Over the past months, we’ve seen some major moves
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RT @AesPoker: Caught the moment the couch broke onstage at the @rwasummit. Pretty sure this is the face @DDinkelmeyer makes when he hops in….
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Excited for this one.
The real unlock for RWAs? Liquidity. Without it, tokenization is just wrapping paper. How do we get it? Find out at the RWA Summit. Speakers:.- @sebventures, @SteakhouseFi.- @DDinkelmeyer, @MidasRWA.- David Vatchev, @FasanaraCapital.- @hilmarxo, @ArrakisFinance. Moderator:.-
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RT @MorphoLabs: Private Credit at Institutional Scale meets DeFi. Holders of @FasanaraCapital F-ONE private credit fund, tokenized by @Mida….
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RT @SteakhouseFi: How can you execute onchain private credit repo at an institutional scale?. We explored the issue in depth for the @Midas….
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GENIUS Act forbid yield bearing stablecoins due to the lobbying from community banks that thought they would go bankrupt - David Sacks (approx quote).
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Btw this specific panel was on BTC but Ethereum was discussed more than BTC. Institutions love ETH, what it allows and its liquidity hub.
Full house at Goldman Sachs Digital Assets Conference. Institutions are getting excited.
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