Lightspeed Ex Jane Street Veteran's Journey To Crypto | Thomas Uhm
May 6, 2025
Thomas Uhm, Chief Commercial Officer at the Jito Foundation and a former Jane Street veteran, dives into his transition to the crypto world. He discusses the surge of institutional interest in crypto, particularly Bitcoin and Solana. The conversation highlights the intricacies of crypto market-making and contrasts different investment strategies, such as ETFs versus micro strategies. Thomas also emphasizes the importance of infrastructure firms in enhancing market efficiency, and the innovative staking protocols shaping the future of cryptocurrency.
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Thomas Uhm's Path to Jito
- Thomas Uhm joined Jito after discovering it via a survey of Solana founders.
- A friend introduced him to Rebecca Reddick at Jito, closing the loop on his move from Jane Street.
Jito Boosts Solana's Institutional Appeal
- Jito's infrastructure enhances Solana's network efficiency and stability, benefiting users and validators alike.
- This stability can encourage larger institutional capital allocations and more ambitious projects on Solana.
Market Making Limits & Expansion
- Market making is a specialized strategy capturing bid-ask spreads but has a natural scaling limit.
- Expanding risk profiles and trading strategies beyond pure market making can increase returns sustainably.