Insights
One argument at a time
Writing on the shifts we are underwriting. Each piece makes a single specific argument rather than surveying a field.
The Enterprise Test for AI-Native Startups: Workflow, Data, Governance and ROI
Four things an enterprise buyer establishes before signing. Most AI startups can answer two of them.
Nadya Ng··1 min read
A Founder's Framework for Deciding Whether Blockchain Belongs in the Product
Four questions. If the answer to all four is no, the technology is adding complexity rather than solving anything.
Randeep Melhi··1 min read
Why Digital Rights Need a New Operating Model in the Age of Generative AI
Rights systems were built for a world where copying was expensive and derivation was visible. Generative systems break both assumptions at once.
Rushit Jhaveri··1 min read
AI Infrastructure in Southeast Asia: Where Commercial Demand Is Emerging
Regional AI demand is not a smaller copy of the US market. The constraints are different, and so is what gets bought.
Nadya Ng··1 min read
Tokenisation After the Hype Cycle: Enterprise Use Cases That Survive Due Diligence
Institutional tokenisation is real and concentrated in a narrow band. The pattern in what got funded tells you precisely what makes an asset tokenisable.
Rushit Jhaveri··1 min read
The AI-Provenance Problem: Why Trusted Data Will Become Strategic Infrastructure
Generative systems made content abundant and attribution scarce. The organisations that can prove what their data is will hold an advantage that compounds.
Randeep Melhi··2 min read
The Institutions Arrived — for Treasuries, Not Collectibles
Tokenisation is finally getting institutional money. Almost none of it is going anywhere near media rights, and the reason is instructive.
Randeep Melhi··1 min read
Rights Registries and the Problem of Truth
An on-chain record proves what was written, not what was true. For rights, that distinction is the whole difficulty.
Rushit Jhaveri··1 min read
Custody Is the Conversation Now
Every enterprise engagement we open in 2025 starts with the same question, and it is no longer about the chain.
Randeep Melhi··1 min read
Tokenised Rights Versus Tokenised Things
The distinction that determines whether a project has a durable business or a temporary one, and why most 2021 collections were on the wrong side of it.
Rushit Jhaveri··1 min read