In this episode of Total Value Unlocked, Matt Zhang sits down with Jake Greenstein, CEO of Blueprint and Partner at Hivemind, to unpack why operations and infrastructure are becoming some of the most important levers in digital assets—and why most funds are still overlooking them

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Timestamps:

01:00 – Why infrastructure is the overlooked edge in digital assets

02:00 – Comparing crypto ops vs. traditional finance

04:00 – The current state of crypto operations: fragmented and homegrown

06:40 – How funds vs. builders approach operational challenges

09:00 – Introducing Blueprint: the vision and stack

10:30 – Staking infrastructure and PMS engine

12:45 – Blueprint as the “glue” for your stack

16:20 – Friction points in staking today

18:30 – Beyond staking: full orchestration across assets

20:30 – The digital asset lifecycle and multi-asset vision

22:30 – Who benefits most from Blueprint

24:30 – Key questions allocators should ask about ops readiness

26:45 – Rethinking risk management in crypto funds and treasuries

28:20 – Building Blueprint: challenges and execution

30:00 – What success looks like in the next 12 months

32:00 – DATs, TradFi–crypto crossover, and where Blueprint fits

34:00 – Where to find Blueprint and connect with Jake

Connect with Jake: https://www.linkedin.com/in/jake-greenstein-29479630

As a reminder, none of this discussion should be taken as investment or financial advice. Please refer to our website for more information or contact Hivemind directly for our list of investments

Welcome to another episode of Total Value Unlocked Podcast!

Emmanuel Vallod, Partner and Head of Ventures at Hivemind, steps in for Matt Zhang to host a discussion with Arnab Sen, Co-founder and CEO of GFO-X.

As the UK's first regulated centrally cleared trading venue for digital asset derivatives, GFO-X is at the cutting edge of financial market infrastructure. Arnab shares his insights on the relevance of derivatives, institutional needs, and the evolution of digital assets in traditional finance. Tune in to understand what's required for banks and large institutions to participate fully in this emerging asset class, backed by cutting-edge derivative structures and stringent regulatory compliance.

Timestamps:

02:12 – What makes a market “mature” and why crypto isn’t yet

05:38 – Arnab’s journey from Goldman to founding GFO-X

09:00 – How GFO-X is designing infrastructure for banks

11:22 – Spot, futures, and the missing leg: options

14:40 – Why central clearing is the unlock no one talks about

18:15 – “Institutional-grade” isn’t marketing, it’s hard engineering

21:08 – What banks actually need to take on crypto risk

24:42 – The biggest gaps in today’s crypto market structure

28:36 – Why options drive institutional liquidity

32:45 – Collateral is broken, here’s how to fix it

37:20 – Tokenization is useless without credit and portability

42:30 – How to get from bilateral risk to scalable markets

50:18 – What success looks like

In this episode of Total Value Unlocked, Matt Zhang sits down with Josh Frank, Co-Founder and CEO of The Tie, to unpack what data actually matters when trading, building, or allocating in the digital asset space

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They cover:

– The evolution of The Tie from sentiment tracker to data powerhouse

– Why metrics like active addresses and TVL can be misleading

– The role of news and event-driven strategies in generating alpha

– How institutions are (really) engaging with crypto

– And how data + AI are reshaping decision-making across the industry

Links:

https://x.com/Joshua_Frank_

https://x.com/TheTieIO

https://x.com/zhang_matt

https://x.com/HivemindCap

Timestamps:

00:20 – Intro to the episode

01:12 – How The Tie was founded

04:12 – Why data infrastructure is foundational in crypto

05:17 – The problem with metrics like “active addresses”

07:17 – Data transparency & how institutions consume data

11:17 – Why crypto is still a narrative-driven market

15:03 – Signals vs. noise in crypto narratives

17:23 – Most overlooked metrics investors should watch

18:32 – Event-driven strategies & post-incentive usage

20:35 – How to build a strong data strategy

22:37 – What institutions are actually doing in crypto

25:47 – The real story behind ETF impact & liquidity

27:42 – What allocators are looking for now

29:49 – A surprising reminder: crypto is still small

33:10 – The Tie’s event strategy

38:03 – Using AI to surface signal in a sea of data

42:12 – What’s still missing in crypto market infrastructure

43:41 – Where to find Josh and The Tie