ProCap Financial trades at a 25% discount to reported NAV, but the capital structure complicates the Bitcoin-discount ...

Transfer-restriction provisions purport to prohibit—or require—consent for any transfer or pledge of an equity interest in a portfolio company, or treat even an indirect change in control or indirect ...

Tokenized collateral is entering mainstream use, driven by high settlement failures and cost pressure in derivatives. High potential for impact in ETD and OTC markets, reducing operational drag, ...

Valuation is a critical and indispensable part of the bankruptcy process. How collateral and other estate assets (and even creditor claims) are valued determines a wide range of issues, from a secured ...