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Liquid Mercury

Research

The Quicksilver Report

Monthly research for institutional desks on liquidity, market structure, tokenized assets, and the regulatory shifts moving the markets. Named for quicksilver, the old name for mercury: a metal that flows fast and won't sit still.

Latest: May 2026

Latest Edition

May 2026
6 min read·1,380 words

The Quicksilver Report: May 2026

Three developments worth planning around in May 2026: federal stablecoin implementation under the GENIUS Act, continued OTC liquidity provider consolidation, and a NYSE/Securitize agreement opening a formal path for tokenized securities on exchange infrastructure.

S.394
GENIUS Act · Stablecoin Licensing
60%
LP Consolidation · 2026
$5B+
Tokenized Treasury & MM AUM
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Archive

April 2026

The Quicksilver Report: April 2026

April 2026 represents a turning point for institutional digital asset infrastructure as OTC consolidation, atomic settlement, RWA growth, and stablecoin settlement reshape how professional markets operate.

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