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Why This Might Be the Last Crypto Cycle as We Know It

Why This Might Be the Last Crypto Cycle as We Know It

Watch the video of this interview on Gamma Prime’s YouTube channel:

Interview with Augie Ilag (Investment Partner, Head of Asia at CMT Digital) and Korath Wright (Director of Capital Markets at Gamma Prime)

In this insightful interview, Augie Elag, Partner at CMT Digital, discusses the evolution of the crypto landscape and the powerful momentum driving it forward. From increasing regulatory clarity to breakthroughs in RWAs, stablecoins, and consumer apps, he outlines why this moment marks a new era of innovation and maturity for the industry. Speaking at Gamma Prime’s Tokenized Capital Summit, Augie reflects on the event’s impact and the growing global collaboration shaping the next phase of digital finance.

Augie Ilag (CMT Digital):
My name is Augie Elag. I’m a partner at CMT Digital, a 28-year-old trading and investment firm based in the US. I lead our Asia office, focusing on crypto opportunities and founders building from the region.

Korath Wright (Gamma Prime):
You guys are a large player in the space. From your perspective, where do you see the industry heading?

Augie:
I think this is probably the most exciting time since I joined the space. There are a lot of tailwinds—especially regulatory clarity, with the US leading the way through the Genius Act and Clarity Act. Beyond that, we’re seeing new waves of innovation: RWA payments built on stablecoins, and consumer apps like prediction markets really coming into their own. There’s simply more innovation happening now compared to the early days, which were more focused on basic DeFi primitives.

Korath:
We appreciate having you here. It’s phenomenal speakers like you that help us grow into the largest side event at Token 2049. What did you think of the summit?

Augie:
It was great—very well attended, and the quality of speakers was excellent. Sometimes events can be hit or miss, but this one really stood out. Thank you so much for having me.

Korath:
The pleasure’s ours. We’re looking forward to following your progress and seeing you continue to dominate the space.

Augie:
Thank you. My name is Augie Elag, I’m a partner at CMT Digital, and this is Gamma Prime.