About
Thomas built Hedgen to diligence the protocols allocators hold.
Who's behind Hedgen
Thomas, Founder
He spent a decade as CTO of a 1,200-person retail group. Ranked first in his cohort at École 42.
Active in crypto since 2016 and hands-on in DeFi since 2019. He managed real positions through the 2020-21 cycle, including real losses. Hedgen followed from that.
Hedgen exists because the firms making high-stakes decisions about DeFi and RWA protocols rarely have the in-house capacity to technically diligence them. Most research is too academic, too surface-level, or produced by analysts who discovered blockchain last cycle.
- In crypto since 2016
- Hands-on in DeFi since 2019
- A decade as CTO of a 1,200-person retail group
- Ranked first in his cohort at École 42.
What we are
An independent research library, sold as a subscription.
Not a consulting firm, a development shop, or a legal advisor, and we do no sell-side work for the protocols we cover. We build a research library on the DeFi and RWA protocols institutional allocators actually hold, written once and licensed firm-wide through an annual subscription, with quarterly updates on the published stock. A new report every six weeks.
Independent by policy.
No protocol we cover pays us, and we do no sell-side work. We hold no positions in a covered protocol within 30 days of publication, and disclose any relevant holdings in the report itself.
Written by a practitioner.
Research from someone active in crypto since 2016 and hands-on in DeFi since 2019, not a TradFi analyst who discovered the space last cycle.
Written once, read firm-wide.
Reports are produced as independent research and licensed per firm through an annual subscription, not commissioned one-off engagements.
Analysis over opinion.
Structured findings sized for IC-level decisions, not recommendations dressed as analysis.
Book a 30-minute intro call.
Walk through the library and Founding membership. The first 10 firms lock the Founding rate for life. No pitch, no commitment.
Protocol Briefing
Research updates and report releases. Executive summaries, new coverage, occasional analysis. No fixed cadence, no noise.