Author: Alessandro Picinati di Torcello
“From Collateral to Capital” explores one of the most promising frontiers in digital finance: the transformation of crypto-collateralized lending into a transparent, programmable, and institutionally viable market structure. From origination and custody to tokenization and secondary-market use, the paper shows how on-chain architecture could enable banks to manage digital-asset-backed credit in a more efficient and verifiable way.
Curious to learn more? Check out our latest report for a deeper look at the legal, technical, and institutional framework behind on-chain crypto-collateralized lending.

