Ananay Kapila

1 episode · 1 moment · last on 23 Jan 2026

23 Jan 2026Ryanair Vs Musk, Davos Reactions, EU INC Join, The Penguin

1:04:1427 min

Ananay Kapila on QFEX, 24/7 Equity Perps & Tokenization

QFEX co-founder Ananay Kapila explains the platform ahead of its Monday launch: a 24/7 marketplace for equity perpetuals using stablecoin and crypto-derived risk and settlement technology, letting traders run leverage far beyond what brokers allow without QFEX itself underwriting risk. Drawing on his Flow Traders and Tower Research background, he covers prediction markets like Polymarket as consensus price-discovery tools, hiring from top quant firms such as Jane Street and Citadel, and why shrinking IPO premiums are keeping companies like Stripe private. He predicts more non-crypto companies will launch tokens instead of IPOs, and flags the legal fragility of SPV-of-SPV structures like Robinhood's tokenized OpenAI and Anthropic listings.