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Edition No. 035
New York · London
Private Infrastructure Daily
Independent Intelligence on Infrastructure Capital
Thursday, September 17, 2026
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24
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1360
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Bitnomial
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In PWD coverage since August 31, 2026 · 9 stories
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Aug 30, 26
Deal talk
Hyperliquid Labs · Payward
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coverage
PWD coverage
the_wrap
Revocable rules moved issuers to buy the exits
Ondo's Fund/SERV seat, Tenka's secondary market, and Payward's venue request are three versions of one trade: own the exit, because the entrance can be withdrawn by the next commission.
regulation · Sep 17
Clarity’s failure hands U.S. crypto policy to two reversible agencies
regulation · Sep 16
With CLARITY dead, two agencies write one rulebook at two speeds
regulation · Sep 16
Payward asks the CFTC to bless perps matched onchain
regulation · Sep 16
Clarity dies at 49-50, and the industry settles for rescindable rules
regulation · Sep 16
Payward builds the onshore perp out of licenses it bought
adoption · Sep 16
Kraken's parent builds a regulated door onto Hyperliquid
the_wrap · Sep 7
Crypto's market structure runs on two regulatory rails
regulation · Aug 31
Hyperliquid's U.S. perp path runs through Bitnomial
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