The Desk – What Institutional Stablecoin Flow Actually Looks Like with Edward Woodford
Edward Woodford, founder and CEO of zerohash, joins Frank Chaparro and Slater Santer for episode five of The Desk to describe stablecoin adoption from a seat almost nobody else occupies: the infrastructure layer that banks, brokerages, and fintechs use to offer crypto trading, stablecoins, and tokenization. Stablecoins are now the majority of that business, which Interactive Brokers led a $104 million round into in September 2025 at a $1 billion valuation, alongside Morgan Stanley, Apollo-managed funds, and SoFi. Edward walks through what institutional flow actually looks like, [flow figure…
The skinny
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