A Vision for Bitcoin-Native Repo Markets
David Seroy, co-founder of Alpen Labs, outlines a vision for an onchain Bitcoin repo market using BitVM-based rollups and Bitcoin-backed CLLOs, arguing they could become a superior form of collateral to traditional repo markets.
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David Seroy: Onchain Bitcoin Repo Will Outcompete the $12T Offchain Market
The repo market — the $12 trillion plumbing system where global finance borrows and lends against pristine collateral — has never been challenged by an outside asset.
“You can rebuild a superior form of repo on top of Bitcoin,” he said. “I think people will see that the economics of what you can build onchain with a Bitcoin-backed repo system is superior to what the economics are offchain in TradFi.”