EPISODE · Jun 4, 2026 · 2 MIN
Inside the Centralized Database Holding Trillions of Dollars
from alpha un# podcast · host Sri Misra
Jim Hiltner, Co-Founder of Superstate, deconstructs the US capital markets stack from the DTCC vault at the core to the broker-dealers, exchanges, and IPO syndicates layered on top, each one extracting fees the issuer never sees.
What this episode covers
Jim Hiltner, Co-Founder of Superstate, deconstructs the US capital markets stack from the DTCC vault at the core to the broker-dealers, exchanges, and IPO syndicates layered on top, each one extracting fees the issuer never sees.
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Inside the Centralized Database Holding Trillions of Dollars
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