Alea Research
Market Cap
Market Cap is the show for serious capital in crypto. Stefano hosts allocators, market makers, and institutional operators to unpack the flows, structures, and mechanics shaping the asset class. Conversations focus on market structure, liquidity, the bridge between TradFi and crypto, and the questions allocators are actually asking. Built for professionals who treat crypto as a market, not a meme.
Where to listen?
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Episodes
Market Cap w/ Adrian Cachinero from Steakhouse Financial 08.07.2026 45:26
🎥 Watch the video version: https://www.youtube.com/watch?v=vxr5KNy1N2w On this Market Cap episode, our Director of Institutional Partnerships Stefano Sanabria speaks with Adrian Cachinero, Co-founder and Partner at Steakhouse Financial. Steakhouse Financial is pioneering open and transparent finance. They provide institutional-grade tools and advisory to raise, manage and distribute capital for t...
Market Cap w/ John Hallahan from Fireblocks 01.07.2026 48:51
🎥 Watch the video version: https://www.youtube.com/watch?v=3iRuZJhbKdM On this Market Cap episode, our Director of Institutional Partnerships Stefano Sanabria speaks with John Hallahan, Director Business Solutions & Advisory at Fireblocks. Fireblocks is a trusted digital asset and stablecoin infrastructure company, empowering organizations of all sizes to build, manage and grow their business...
Market Cap w/ Michael Howe from Bitwise 18.06.2026 1:05:40
🎥 Watch the video version: https://www.youtube.com/watch?v=y5rNljy6lT8 On this Market Cap episode, our Director of Institutional BD Stefano Sanabria speaks with Michael Howe, Head of Strategy at Bitwise Europe. Since 2017, Bitwise has managed a broad suite of delta-one, index and active solutions across ETPs, ETFs, separately managed accounts, private funds, and hedge fund strategies in both the...
Market Cap w/ Eli Ndinga from 21shares 10.06.2026 1:07:26
🎥 Watch the video version: https://www.youtube.com/watch?v=1q1p-jrI0iM On this Market Cap episode, our Director of Institutional BD Stefano Sanabria speaks with Eli Ndinga, Global Head of Research at 21shares. Founded in 2018, 21shares is a crypto asset manager and issuer of exchange-traded products that provide investors with exposure to digital assets through traditional financial markets. The...
Market Cap w/ Ali Boukhalfa from P2P.org 03.06.2026 54:19
🎥 Watch the video version: https://www.youtube.com/watch?v=_OV6RrsuU9w On this Market Cap episode, our Director of Institutional BD Stefano Sanabria speaks with Ali Boukhalfa, Head of Emerging Markets at P2P dot Org. Founded in 2018, P2P dot Org provides non-custodial staking infrastructure and technology for intermediaries such as wallets, exchanges and custodians. They are a leading institution...
Market Cap w/ Tika Lum from KuCoin Institutional 28.05.2026 47:46
🎥 Watch the video version: https://www.youtube.com/watch?v=R4JzDIxp3T8 On this Market Cap episode, our Director of Institutional BD Stefano Sanabria speaks with Tika Lum, Head of Global BD at KuCoin. KuCoin ranks top 10 among centralized exchanges globally in 24/7 trading volume and serves 40 million users worldwide. At KuCoin Institutional the exchange serves professional clients, offering tailo...
Market Cap w/ Laszlo Szabo from Kiln 20.05.2026 42:11
🎥 Watch the video version: https://www.youtube.com/watch?v=4H0f6xHcXp4 On this Market Cap episode, our Director of Institutional BD Stefano Sanabria speaks with Laszlo Szabo, Co-founder and CEO at Kiln. Kiln is a leading institutional onchain asset and yield management platform, enabling institutions to generate yield on their digital assets, surpassing 18 billion USD in assets delegated last yea...
Market Cap w/ John Cho from Ratio 08.05.2026 55:55
🎥 Watch the video version: https://www.youtube.com/watch?v=zmkC-iEI72k On this Market Cap episode, our Director of Institutional Services Stefano Sanabria speaks with John Cho, CEO at Ratio and Chief Stablecoin Officer at Kaia Foundation. Ratio is an onchain foreign exchange orchestration layer for Asia, providing a unified infrastructure that helps financial institutions, payment platforms, and...
Market Cap w/ Mark Gerhart from Dialectic 09.04.2026 1:06:54
🎥 Watch the video version: https://www.youtube.com/watch?v=XRDcnDH4yeQ On this Market Cap episode, our Director of Institutional Services Stefano Sanabria speaks with Mark Gerhart, Business Development Lead at Dialectic. Dialectic is a crypto asset manager running a traditional quant fund alongside actively managed, risk-aware onchain vault strategies. Dialectic is focusing increasingly on flexib...
Market Cap w/ David Lawant from Anchorage Digital 01.04.2026 58:47
🎥 Watch the video version: https://www.youtube.com/watch?v=UhG8ynqcACI On this Market Cap episode, our Director of Institutional Services Stefano Sanabria speaks with David Lawant, Head of Research at Anchorage Digital. Anchorage Digital is a key crypto infrastructure provider for institutions to securely hold, move, and actively use digital assets. Positioned at the intersection of custody, stak...
Market Cap w/ CJ Fong from GSR 19.03.2026 46:23
🎥 Watch the video version: https://www.youtube.com/watch?v=WbyqhNtSFsw On this Market Cap episode our Director of Institutional Services, Stefano Sanabria, speaks with CJ Fong, APAC General Manager at GSR. GSR is a global crypto capital markets partner founded in 2013 that trades digital assets across spot and derivatives markets and invests in blockchain startups. The firm works with exchanges,...
Market Cap w/ Sam MacPherson from Spark 04.03.2026 43:52
🎥 Watch the video version: https://www.youtube.com/watch?v=38NdaGwj8Hs On this Market Cap episode our Director of Institutional Services, Stefano Sanabria, speaks with Sam MacPherson, CEO and Co-founder at Phoenix Labs, the core development team behind Spark. Spark is the lending protocol within the Sky ecosystem that enables users to supply assets, borrow the USDS stablecoin, and access onchain...
Market Cap w/ Greg Schvey from Yuma 26.02.2026 45:56
🎥 Watch the video version: https://www.youtube.com/watch?v=WicCrW8U5Is On this Market Cap episode we speak with Greg Schvey, COO at Yuma. Yuma powers projects within the @bittensor ecosystem. Their mission is to create positive economic and societal change by connecting transformative ideas to decentralized intelligence. They do so by helping promising teams access capital, technical resources, a...
Market Cap w/ Bernard Schmid from Areta 18.02.2026 52:34
🎥 Watch the video version: https://www.youtube.com/watch?v=_esaBjC_K24 On this Market Cap episode we speak with Bernard Schmid, Co-founder at Areta. Areta is a digital assets investment banking firm supporting crypto companies across M&A, capital markets, and onchain services. They lead execution for mergers and acquisitions, from deal preparation and financial modeling to investor outreach a...
Market Cap w/ Sidney Powell from Maple 04.02.2026 46:21
🎥 Watch the video version: https://www.youtube.com/watch?v=4R9GnkYADHU On this Market Cap episode we speak with Sidney Powell, Co-founder and CEO at Maple. Maple is a blockchain-based decentralized credit marketplace and onchain asset manager. They connect pools of capital with institutional and professional borrowers seeking structured financing. Maple combines automated smart contract execution...
Market Cap w/ Hanson Birringer from Flowdesk 28.01.2026 45:33
🎥 Watch the video version: https://www.youtube.com/watch?v=k2ZomTa7t7s On this Market Cap episode we spoke with Hanson Birringer, Head of Sales US at Flowdesk. Flowdesk is a regulated digital asset trading and technology firm that provides liquidity provision, over-the-counter trading, and treasury management services across centralized and decentralized markets. It has engineered a proprietary t...
Market Cap w/ Joshua Lim & Martin Gaspar from FalconX 15.01.2026 43:40
🎥 Watch the video version: https://www.youtube.com/watch?v=4aVeBF_48_c We spoke with Joshua Lim, Co-Head of Markets, and Martin Gaspar, Market Strategist at FalconX. FalconX is a digital asset prime broker providing execution, financing, and liquidity access across spot and derivatives markets to institutions. It serves hedge funds, asset managers, and corporate clients, connecting them to global...
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