Most preferred equity turns over once every three and a half years. Three companies in this market turn theirs over every fifty or sixty days. Jeff Walton of Strive on what daily dividends do to structured finance, and why he thinks the next layer of this is still up for grabs. Plus David Bailey of Nakamoto on the two models now competing for the same capital, and Hunter Albright of SALT Lending on Bitcoin as a path into homeownership. BFC Symposium, Hong Kong.
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