The Chopping Block: RWA Perps Go Parabolic, ClawdBot, & Superstate's $82M Raise - Unchained Recap

Podcast: Unchained

Published: 2026-01-29

Duration: 54 minutes

Guests: Haseeb Qureshi, Robert Leshner, Tarun Chitra, Tom Schmidt

Summary

This episode covers the massive $82M Series B raise by Superstate for securities tokenization, the surge of TradeXYZ's commodities trading, and the rise of AI-driven coding with tools like ClawdBot and Claude Code.

What Happened

Superstate has secured an impressive $82.5 million through a Series B funding round led by Bain Capital, aiming to integrate Wall Street into the blockchain sphere by tokenizing official securities. The company launched two funds, USTB and USCC, both exceeding a billion dollars in assets under management, tokenizing equities like Galaxy Digital and Sharplink Gaming on Solana and Ethereum.

TradeXYZ, a HIP3 market, has seen its commodities trading soar to over $1 billion in daily volume, driven by the surge in gold and silver prices. This growth has cemented TradeXYZ as the seventh largest perpetual decentralized exchange by open interest, with HIP3 markets reaching an all-time high of 800 million in open interest.

As crypto markets experience low volatility, traders are increasingly flocking to metals trading, facilitated by mobile-dominant trading platforms, especially in Asia. Crypto exchanges are diversifying by offering trading in stocks, metals, and other assets to retain their user base.

The episode also dives into the ClawdBot AI phenomenon, which is revolutionizing coding with its agent-based life automation tools. Despite its wide appeal and potential, security concerns are rising as unsecured ClawdBot gateways are discovered online, presenting risks of unauthorized access.

Anthropic's Claude Code is highlighted for transforming software engineering by moving away from traditional hand-coding to AI-driven management and automation. This shift is significant enough to see Anthropic's team fully adopt Claude Code, abandoning traditional integrated development environments.

The conversation suggests that the future of software engineering might rely less on manual coding and more on AI tools, impacting the crypto industry where software development is a primary cost driver.

Key Insights