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Edition No. 040
New York · London
Interval Fund Daily
The Daily Read on Semi-Liquid Funds
Tuesday, September 22, 2026
The Morning Brief →
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5
stories · 24h
1276
deals & moves · 7d
12,053
firms & people tracked
192
sources monitored
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Morpho
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In PWD coverage since August 25, 2026 · 9 stories
2
Deals on our tracker
Deal record
Full tracker →
Sep 20, 26
Fund launch
Circle · Galaxy · Keyrock
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coverage
Sep 17, 26
Fund launch
Base · Steakhouse Financial · Coinbase
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coverage
PWD coverage
vehicles
Zero-size filings are the shelf, and credit isn't on it
The week's only priced placement raised $6.5 million into a hedge fund; the transition capital with real numbers moved through vehicles the wealth channel does not buy.
adoption · Sep 21
Circle rents the credit book and keeps the mint
tokenization · Sep 21
The SEC built a venue rule. Tokenized stocks still have no buyers.
tokenization · Sep 18
Morpho makes tokenized stocks collateral, with the token carrying the law
custody · Sep 17
Circle's Arc logged 7.83 million transactions, almost none of them payments
tokenization · Sep 16
Aave's RWA hub is a governance test before it is a lending market
tokenization · Sep 16
Arc is a distribution deal disguised as a blockchain
the_wrap · Aug 28
Tokenization stops wrapping and starts working
the_wrap · Aug 25
Pendle's oracle worked; the market design didn't
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