Research & Perspectives

Insights

Market analysis, regulatory commentary and institutional perspectives from the Bequant trading desk.

Allocation of Capital in Crypto: Where Strategy Selection Matters in 2026

Not all crypto strategies are earning their keep right now. Here's what's working, what's struggling, and why the allocation question has never been more important.

April 2026 · Bequant

Regulatory

MiCA and Market Making: What Regulated Status Means for Token Projects

Token projects increasingly require regulated market makers for tier-1 exchange listings. We examine what MiCA authorisation means in practice for liquidity arrangements.

March 2026 · BEQUANT

Infrastructure

OTC and Fiat Rails: Why Settlement Speed Has Replaced Spreads as the Real Differentiator

Tight spreads on OTC trades are table stakes. In 2026, the desks that win institutional flow are the ones with fiat rails that actually settle — fast, reliably, and in the currencies clients need.

March 2026 · Bequant

Infrastructure

Off-Exchange Settlement: Hedging Counterparty Risk Without Sacrificing Execution

Exchange counterparty risk remains one of the most underpriced risks in institutional crypto. Off-exchange settlement via regulated custody is the solution most desks are missing.

February 2026 · BEQUANT

Credit & Lending

Understanding Undercollateralised Lending in Digital Assets

How institutional credit facilities work in crypto markets, and why undercollateralised lending requires a fundamentally different risk framework than traditional finance.

January 2026 · BEQUANT

Credit & Lending

Portfolio Margined Loans: Why No Automated Liquidation Matters

Automated liquidation has been one of the most destructive forces in crypto markets. Portfolio margined loans without auto-liquidation represent a fundamentally better structure for institutional borrowers.

November 2025 · BEQUANT