Insights
Perspective
01 Capital's institutional view: positions, arguments and judgements on where the digital-asset economy is heading and why.
Perspective
The Legal Disconnect in Tokenized Equities: Synthetic Debt vs Capital Structure Ownership01 Capital perspective on the structural risks of tokenized stock products, examining the divergence between synthetic economic exposure and genuine shareholder governance.
→PerspectiveDigital-Asset Treasuries Should Be Valued as Leveraged Capital Structures, Not Token ProxiesPreferred stock, buybacks and executive dilution are turning token-treasury companies into capital-structure trades. NAV is only the starting point; financing terms determine who captures the exposure.
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