Uploaded March 2026 | Updated September 2026, 2 weeks ago
🚨 New clip from our latest episode with Tom Sullivan, Managing Director at DTCC:
DTCC isn’t betting on just one chain.
Tom Sullivan explains why the future of tokenization looks multi-ledger — and why DTCC wants to operate wherever markets, standards, and infrastructure align.
Watch the full episode:
YOUTUBE: youtube.com/watch?v=407dEJfhlTU
X: https://x.com/DefiantNews/status/2035039117789003937?s=20
SPOTIFY: open.spotify.com/episode/1SniR1h3w3E1IBCCLJ0QLc?si=yUGR185sQJ20iFYqq516BQ
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🚨 New clip from our latest episode with Tom Sullivan, Managing Director at DTCC:
DTCC isn’t betting on just one chain.
Tom Sullivan explains why the future of tokenization looks multi-ledger — and why DTCC wants to operate wherever markets, standards, and infrastructure align.
Watch the full episode:
YOUTUBE: youtube.com/watch?v=407dEJfhlTU
X: https://x.com/DefiantNews/status/2035039117789003937?s=20
SPOTIFY: open.spotify.com/episode/1SniR1h3w3E1IBCCLJ0QLc?si=yUGR185sQJ20iFYqq516BQ
Explore The Defiant ✨
📰 Website
thedefiant.io
✉️ Free Daily Newsletter
https://thedefiant.io/newsletter/defi...
🤑 Weekly Premium Newsletter
https://thedefiant.io/newsletter/defi...
✊ Follow The Defiant
X/Twitter: https://x.com/DefiantNews
📬 Contact our Newsroom
editorial@thedefiant.io
🤝 Sponsorships & Partnerships
sponsors@thedefiant.io
#TheDefiant #DeFi #Decentralized #Finance #Blockchain #Web3


![🟢 LIVE: Building Paragon: Perps Market on Hyperliquid
Paragon wants to build a ticker factory on Hyperliquid: perpetual futures for anything that can be measured, launched as soon as the trade becomes relevant. Taha El-Magbri, founder of Paragon, joins The Defiant to explain how it works.
Paragon launched with three crypto-native indices — a Bitcoin index, a total market index, and an altcoin index — built to trade like SPY or QQQ options: a way to bet on, or hedge, crypto risk appetite as a whole. The project runs on HIP-3, Hyperliquids framework for permissionless futures listings, which requires deployers to stake 500,000 HYPE that can be slashed if they fail to deliver core exchange infrastructure.
We discuss:
Paragons index products and how traders use them
Why the team built on Hyperliquid and HIP-3 instead of bootstrapping its own exchange
Running in-house oracle infrastructure and onboarding a top market maker
Competition among HIP-3 deployers as open interest grows from $1B to ~$3B
Whether Hyperliquid killers like Aster and Lighter pose a real threat
The CFTCs posture on crypto perps and a possible US pathway for Hyperliquid
Why perps keep winning: removing friction from options and futures trading
Whats next — including whether compute can be perpified
No Paragon token yet: why the team is following the Hyperliquid buyback playbook
Follow [guest handle] and Paragon: [links]
📰 Subscribe to The Defiant newsletter: https://thedefiant.io/newsletter
🌐 Read more: https://thedefiant.io 🟢 LIVE: Building Paragon: Perps Market on Hyperliquid](https://i.ytimg.com/vi/f-aO3MJoRzU/mqdefault.jpg)







