CMCC Global writes monthly to investors, sharing our views on market dynamics and demystifying this new asset class.

Industry Insights

Insights

Here we share selected insights, exploring important topics in the blockchain ecosystem.

Genius, the end of CEX dominance

Genius, the end of CEX dominance

At the beginning of 2026, Genius (a core holding of our Digital Asset Funds) announced that YZi Labs was investing a “multi-8-figure” cheque into Genius. YZi Labs is the USD10bn family office of Changpeng Zhao (CZ), the founder of Binance and one of the wealthiest people on the planet.

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Genius, the end of CEX dominance
Rails, the first compliant perpetuals DEX

Rails, the first compliant perpetuals DEX

Perpetual decentralized exchanges (perp DEXs) have proven product market fit over the last couple of years, generating USD7.9 trillion in volume in 2025, a 3x increase from 2024. The next step is for these exchanges to be regulated and compliant, which is where our portfolio company Rails is leading the way in the US.

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Rails, the first compliant perpetuals DEX
The Resurgent Privacy Narrative

The Resurgent Privacy Narrative

The privacy narrative is seeing both a resurgence as well as a transformation within the digital asset ecosystem.

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The Resurgent Privacy Narrative
The various flavours of crypto yield

The various flavours of crypto yield

Crypto markets offer a dizzying array of yield opportunities and understanding the intricate options available can provide investors with compelling sources of passive income. From the early days of double-digit “yield farming” APYs to today’s more measured “real yield” strategies, the landscape has matured.

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The various flavours of crypto yield
Avalanche: the blockchain for business

Avalanche: the blockchain for business

Over the last decade, while crypto has gained recognition and adoption as a new asset class, it has failed to infiltrate business in the way that many of us hoped that it would. This is changing, and we are seeing one platform being used again and again by businesses looking to enter web3: Avalanche.

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Avalanche: the blockchain for business