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Latest Case Studies

Backing the Buck: Circle Internet Group’s Business Model and the Economics of USDC

Dr Sa-Pyung Sean Shin and Prof Seil Kim (City University of New York)

26 May 2026

Circle Internet Group Inc. (Circle) debuted on the New York Stock Exchange on June 5, 2025, reaching a $63 billion valuation. As the issuer of USDC....

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Kenedix: Real-Estate Tokenization

Assoc Prof Yuen Leng Chow (International University of Japan), Prof Seow Eng Ong and Assoc Prof Wee Yong Yeo

29 April 2026

Kenedix, Inc. (Kenedix) was a Japanese financial institution that managed real-estate funds. Recent turbulence in the economy and market had impact....

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