The Rollup Vance Spencer & Michael Anderson: The Rise of Neo-Finance and Crypto's Mag 7
Jan 11, 2026
Vance Spencer, a venture investor at Framework focused on crypto, and Michael Anderson, a seasoned crypto investor, delve into the transformative world of neo-finance. They critique traditional DeFi systems and present the NuFi thesis, discussing why equity outcomes are on the rise. Their insights cover sustainable yields versus Ponzinomics, the significance of property rights for tokens, and the predicted consolidation into a few key crypto assets by 2026. Tune in for predictions on the biggest market shifts and how regulatory changes will reshape investment structures!
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NeoFi: Finance's Next Phase
- NeoFi (New Finance) describes the convergence of fintech, legacy institutions and decentralized tech as a new superset.
- DeFi as a term is outdated because many winners won't be decentralized for decentralization's sake.
Returns To Scale Drive Value
- Massive returns to scale are the real power of open finance once assets reach institutional size.
- A $10B then $50–100B Sky-style AUM changes economics and democratizes governance.
Where NeoFi Wins Practically
- The durable NeoFi opportunities are stablecoins, asset management and lending because they map to TradFi language (inflows, AUM, ROI).
- Connecting decentralized scale to TradFi distribution is the core thesis.