P2P.org

Last Tuesday, The Circle came to Paris Blockchain Week 🇫🇷 Co-hosted by P2P.org and Sygnum Bank, our intimate dinner at Camélia, located at the Mandarin Oriental, Paris, brought together a curated group of founders, institutional leaders, and ecosystem partners during Paris Blockchain Week. No panels. No noise. Just honest conversations about where digital asset yield and infrastructure are heading, and who is building the institutions that will carry them forward. "Events like The Circle are becoming one of the most important spaces for crypto-native firms, hybrid operators, and traditional financial institutions to sit at the same table. The conversations happening here, around DeFi adoption, infrastructure maturity, and regulatory convergence, are the ones that shape real decisions." - Dima Shmeman, Head of Europe, P2P.org From the Maison Ladurée macarons bearing The Circle's branding to the warmth of the room, every detail was designed to reflect what this gathering stands for: a thoughtful connection over spectacle. Thank you to Sygnum Bank for co-hosting, and to every guest who made the evening what it was. Follow us to hear about and join the next editions. Until next time ⟡

At P2P.org, we believe the most important things about working here are often the hardest to see from the outside. Ali Boukhalfa, our Head of Emerging Markets, put it clearly: "The most valuable thing here isn't visible on a contract. It's knowing people truly have your back." Ali came to P2P.org from enterprise sales, with an engineering background and years of experience across Europe and the Middle East. Today, he leads our regional expansion across MENA and LATAM, two markets that couldn't be more different in pace, culture, and maturity. What makes his story worth reading is what it reveals about how P2P.org actually works: ⟡ No title-based gatekeeping. Executives get challenged constructively, and those conversations are welcomed. ⟡ Ownership over job descriptions. People care about outcomes, not just their lane. ⟡ Real support behind real responsibility. Growth here is built on trust, not exposure. ⟡ And a shared standard that travels across geographies — clarity, accountability, and a team that covers each other without keeping score. For professionals thinking about what it looks like to build a career in blockchain infrastructure, whether you're coming from TradFi, enterprise tech, or already in Web3, Ali's experience is a direct window into what the environment here looks and feels like. Read the full feature at the link below. 👇 https://lnkd.in/dAAigDnr

Solana charges you for every transaction attempt, whether it lands or not. That makes your transaction routing a direct P&L decision, not a dev task. Syncro Sender, by P2P.org, is built for execution-critical workflows on Solana: high landing rates, low latency, dedicated endpoints for teams that can't afford missed transactions. And right now, new subscribers to the dedicated endpoint get 2 weeks free. If you're running bots, market makers, or any latency-sensitive stack on Solana, this is worth a look. 👉 https://lnkd.in/e7CxJxJN

DeFi vault curators design the strategy. They also execute it. There is no independent layer between their decision and on-chain settlement. For retail depositors, this is manageable. For regulated institutions, it is a structural problem with a name: the principal-agent problem. The curator's primary incentive is TVL growth and performance fees. Not mandate alignment with any individual depositor. That misalignment shows up in three concrete ways: 1. Curator managed TVL tripled from $1.69B to $5.55B in 2025. Deployment pressure scales with it. An allocation that maximises yield for a large depositor pool may breach a specific institution's concentration limits with no one notified until after settlement. 2. Fee structures reward yield optimisation. Curators are not contractually rewarded for maintaining mandate alignment with specific depositors. These objectives coincide in benign conditions and diverge in stress scenarios, precisely when mandate alignment matters most. 3. Every curator applies its own risk labels with no shared definitions, comparable metrics, or regulatory acceptance. Institutions cannot compare vault strategies on a like-for-like basis. Academic research across six major lending systems found that a small number of curators intermediate a disproportionate share of TVL and exhibit clustered tail co-movement. In late 2025, a single curator-layer failure triggered $93M in losses and $1B in DeFi market outflows within a week. The conflict of interest in DeFi vault design is not a flaw in any individual curator. It is an architectural feature of a system built for retail capital, now being evaluated by institutions that operate under a different governance framework. This is part two of our DeFi Infrastructure for Institutions series. Get all the insights ⬇️ https://lnkd.in/dMu2DwKJ

We had the pleasure of co-hosting this session with Sygnum Bank during Paris Blockchain Week. A strong room, thoughtful discussions, and the kind of exchange that moves the industry forward, especially around the future of digital assets. Thanks to Sygnum Bank for the collaboration, and to everyone who joined us and contributed to the conversation.

Accessing DeFi inside Iluminary.ai is now a five-step process, powered by P2P.org infrastructure on the backend. Open the app, tap "Stake and Earn", select your asset, review the protocol details, and deposit. It‘s that easy. The same infrastructure P2P.org operates for institutional clients - $10B+ in secured assets, SOC 2 Type II certified, zero slashing events - is what runs underneath that experience. Onchain DeFi, without the complexity that usually comes with it. Live on iLuminary now - Learn more about it: https://lnkd.in/g8Bgbpfy

The Circle ⟡ Paris Blockchain Week ⟡ Tonight Co-hosted by P2P.org and Sygnum Bank An intimate, invitation-only dinner bringing together founders, institutional leaders, and key ecosystem partners shaping the future of the industry. No panels. No noise. Just the right people, in the right room. Capacity is limited, and tonight is the moment. If you’re at Paris Blockchain Week and would like to join this exclusive institutional event, request access below 👇 RSVP: https://lnkd.in/d7Srh68S Or reach out directly with our team on the ground: Dima Shmeman, Head of Europe Ali Boukhalfa, Head of MENA and LATAM Greg Tristram, BDM Europe Guillermo Geraldo, BDM Europe Maria Cruz Zenner, Head of Events

🗞️ New in the Validator Playbook series, where we break down what institutional-grade staking infrastructure actually requires. Most institutional validator due diligence processes start in the wrong place. Fee schedules compared. Uptime dashboards reviewed. Marketing materials forwarded to risk committees. And then a delegation decision gets made on the basis of information that does not describe how a validator performs when something goes wrong. The institutional staking services market is projected to reach USD 33.31 billion by 2033. As staking becomes embedded in custody platforms, treasury programs, and regulated ETF products, the validator selection decision carries consequences that extend well beyond yield. A validator failure is an operational incident. A slashing event is a financial loss and potentially a regulatory disclosure obligation. The right frame is reliability engineering, not yield comparison. Seven dimensions every institutional evaluation must cover: 01: Infrastructure architecture and failure mode design. Not where the nodes are. How the operation is designed to fail safely. 02: Key management and access controls. Signing keys, withdrawal keys, HSMs, access logs, failover logic that specifically prevents double-signing. 03: Slashing risk controls and incident history. What the controls are, whether they have been tested, and what changed after any historical incident. 04: Change management and protocol upgrade handling. Institutions that delegate are delegating the upgrade decision. That is a governance decision with financial consequences. 05: Reporting and auditability. A dashboard is monitoring infrastructure. An audit trail is something different. Know which one you are being offered. 06: Commercial terms, SLAs, and exit procedures. The contractual expression of how risk is allocated. Review the exit procedure specifically. The quality of the answer reveals operational maturity. 07: Protocol coverage and multi-chain operational consistency. A provider with deep Ethereum experience may have limited maturity on Solana. Evaluate each network separately. Full framework, seven dimensions, complete due diligence checklist, and FAQ 👉 https://lnkd.in/dC2b_sHC

The P2P.org team will be in Paris this week for @parisblockchainweek 🇫🇷 Connect with the team below and check the side events where to find us 👇🏼 We'll be on the ground at the conference connecting with partners, clients, and the broader ecosystem across staking, infrastructure, and capital markets, continuing conversations that are shaping how digital assets integrate into the financial system. Alongside the conference, we'll also be hosting: → The Circle, our private dinner co-hosted with Sygnum Bank If you'll be in Paris for Paris Blockchain Week, reach out to our team on the ground to talk institutional staking: Dima Shmeman, Head of Europe Ali Boukhalfa, Head of MENA Guillermo Geraldo, BDM Europe Greg Tristram, BDM Europe Maria Cruz Zenner, Head of Events

EthCC 9 in Cannes is behind us, but the conversations are still going 🇫🇷 A week of real exchanges across staking, infrastructure, and capital markets with the people actively building and investing in this space. Thank you to everyone who made time to connect, whether at the conference, across a coffee, or on the sidelines. The highlight was The Circle, our private dinner co-hosted with AMINA Bank and Fireblocks. The room was exactly what we set out to create: founders, institutional players, and ecosystem partners in one place, no panels, no noise, just the kind of conversations that actually move things forward. Thank you to everyone who joined us. If we did not get a chance to connect in Cannes, we will be at Paris Blockchain Week next. Start checking our events at Luma, and looking forward to continuing the conversation there. Artemiy Parshakov, VP of Institutions Ali Boukhalfa, Head of MENA Dima Shmeman, Head of Europe Yaniss Bahamid, Sales Director EU Guillermo Geraldo, BDM Europe Greg Tristram, BDM Europe Maria Cruz Zenner, Head of Events