The perspective shared here is shaped by a core team of thinkers and strategists, led by the platform's founder. Our approach synthesizes decades of institutional quantitative experience with specialized expertise in digital asset markets. This synergy of deep experience and focused research forms the intellectual engine of our work, ensuring every analysis is informed by collective judgment and practical knowledge.
Founder & Lead Analyst
Stephen Reed is the founder and lead analyst of this platform. He is responsible for the analytical framework that guides all research and for the intellectual philosophy that underlies every insight shared. His career has been defined by applying systematic, quantitative methods to understanding complex market systems, first in traditional finance and now in digital assets.
"The most valuable analysis lies not in predicting the future, but in deeply understanding the present."
Stephen's approach was shaped by his academic training at the University of California, Berkeley (Computer Science), and Stanford University (PhD in Operations Research). This foundation in mathematical rigor became the cornerstone of his professional career. He began at Goldman Sachs, developing quantitative models for pricing and risk. Later, at the quantitative fund Two Sigma, he developed statistical arbitrage strategies. Recognizing the structural significance of blockchain technology, he shifted his focus in the mid-2010s to establish an independent research platform dedicated to applying quantitative methods to this new market. Today, Stephen leads the platform's research, focusing on protocol-level evaluation and risk analysis frameworks.
Stephen's analytical philosophy is built on principles developed over three decades. This philosophy is the intellectual engine of the platform.
Stephen has published research papers on digital assets in academic journals including the Journal of Portfolio Management. He serves as a guest lecturer at Stanford University's School of Engineering, speaking on quantitative finance and blockchain technology. He contributes analytical articles to industry publications, focusing on market structure and evolving trends.
Director of Research & Communications
Sarah Mitchell is responsible for structuring the platform's research and translating its analytical work into clear, accessible communication. Her role bridges the gap between complex technical analysis and the practical application of these concepts. She ensures that every piece of content is grounded in transparency and clarity.
"Valuable insights emerge when complex ideas are communicated clearly. My role is to create that clear channel."
Sarah's background combines financial training with practical experience at the forefront of digital asset adoption. She studied economics at the University of Pennsylvania and earned a master's degree in financial engineering from Columbia University. She began her career at J.P. Morgan, serving institutional clients. She then joined Grayscale Investments, where, in a senior investor relations role, she was responsible for educating institutional clients on digital asset products. This experience gave her firsthand insight into the knowledge gaps faced by traditional finance professionals, inspiring her focus on developing systematic approaches to educational content.
Sarah's work is defined by several key objectives that aim to foster an informed and thoughtful dialogue with the audience.
Sarah's approach is based on the conviction that valuable communication occurs in an environment of intellectual honesty and mutual respect. She works to create an atmosphere where complex questions can be explored openly. Her ultimate goal is to ensure that every reader understands not just the conclusions, but also the thinking process behind them.
