
← The Edge Podcast24 sept. · 36 min
Building Citadel Securities For The Tokenized Era | DeFi Frontier
<p>Chris Kim is the CoFounder and CEO of Axis.</p><p>Most of the volume happening in crypto still isn't visible onchain. It's a growing volume from fintechs, neobanks, CEXs, and remittance platforms bridging services between stablecoins, fiat, and tokenized assets behind the scenes, working with OTC desks for liquidity they can't source on their own.</p><p>In this DeFi Frontier episode, Chris explains how Axis Prime is building the "balance sheet as a service" layer that powers these conversions, similar to Citadel Securities for the tokenized era. He explains how DeFi capital formation through USDx feeds Axis Prime's institutional arbitrage strategies, why the yield is real and where it comes from, and why this new wave of tokenization promises a much larger TAM for years to come.</p><p>------<br>💎 THIS EPISODE'S SPONSORS</p><p>🔒 <a href="https://kpk.io/" target="_blank" rel="ugc noopener noreferrer"> KPK</a> | Best risk-adjusted yield through automated vaults<br /></p><p>🟠 <a href="https://apyx.fi/" target="_blank" rel="ugc noopener noreferrer"> APYX</a> | The first dividend-backed stablecoin (DBS)<br /></p><p>🐡<a href="https://institutional.puffer.fi/" target="_blank" rel="ugc noopener noreferrer"> PUFFER INSTITUTIONAL</a> | ETH staking solutions for scale<br /></p><p>------<br>⏱️ TIMESTAMPS</p><p>0:00 - Intro<br>1:33 - From trading commodities to cryptoasset arbitrage<br>5:37 - What is Axis Prime?<br>6:30 - Why do neobanks and fintechs need Axis Prime?<br>8:39 - Balance sheet as a service<br>10:18 - Betting on neobanks and fintech adopting stablecoins<br>13:40 - Opportunity to serve fiat x crypto conversions<br>16:14 - Axis’s first six-figure OTC trade for a leading CEX<br>17:25 - Why Axis Prime benefits from the Origin Vault and sUSDx<br>19:36 - USDx, sUSDx, and the Origin Vault<br>21:07 - Axis yields over last 30 days<br>22:55 - Where does sUSDx yield come from? <br>23:52 - Global onchain capital formation + service to licensed fintechs<br>24:47 - Challenge of trust + transparency with actively managed yield<br>26:34 - How do you earn the trust of DeFi lenders?<br>29:32 - Has the market bottomed and bull run begun?<br>31:08 - Could Axis earn from the Robinhood mania?<br>34:04 - Closing</p><p>------<br>🔗 GUEST LINKS</p><p>► Axis website: https://axis.to/<br>► Axis Prime website: https://axis.to/prime<br>► Axis on X: https://x.com/AxisFDN<br>► Chris Kim on X: https://x.com/bidorder</p><p>------<br>🎙️ MORE FROM THE EDGE P