Friends of Triton Liquid,
Please find our Q2 2024 update here. Note that this is a public version, and for an update including fund performance figures, you are welcome to reach out.
We officially launched Triton Liquid Fund this quarter, our long-only alternative token fund.
We are pragmatically approaching a bullish market in the Fall after laying out a robust foundation - hiring experienced team members, performing detailed write-ups that track project progress since ‘22, sharpening our proprietary data dashboard suite and analysis, and strengthening relationships with our liquid GP peers.
As always, we encourage you to reach out with any questions on the crypto markets. Given the complexity and speed at which these markets operate, we are happy to be a resource.
Please reach out to Chris@tritonliquid.com and Anne@tritonliquid.com to set up a time. We are often in person in the UAE, NYC, London, and Barcelona.
Thank you for your continued support.
Sincerely,
Christopher Keshian
Founder and CIO of Triton Liquid Fund
Triton expanded its UAE presence this quarter, joining panels in Abu Dhabi and Dubai to show how digital assets fit inside regulated portfolios. From tokenization to allocator standards and macro-driven entries, the focus was on structure, controls, and institutional execution.
Stablecoin supply climbed from $239B to nearly $300B, led by USDT and USDC, while Tether, Circle, Stripe, and Cloudflare launched new projects accelerating global adoption.
Marinade runs $2.5B on Solana, yielding $170M yearly. Tokenomics overhaul in 2025 sparked buybacks, burns, and rewards, driving MNDE up ~140%.