As digital assets move from experimentation into live institutional deployment, the challenge is no longer just getting financial products on chain.

Banks, asset managers, fintechs, and crypto-native protocols now need the same level of security, risk controls, modelling, simulation, and operational predictability expected in traditional capital markets.

In this episode of Untangling Web3, Andrej Benčić, Co-Founder and CEO of Tenderly, explores how hybrid onchain institutions are emerging as traditional finance and crypto-native infrastructure move closer together.

This conversation covers why simulation before execution is becoming essential, how institutions can manage complex blockchain risk, and why operational tooling will be critical for the next phase of digital assets.

Key Points Discussed:

• Onchain Finance Needs Institutional-Grade Risk Controls: As more capital moves into digital assets, small operational mistakes can create major reputational and financial risk. Smart contract security is only one part of the equation; institutions also need stronger processes for execution, monitoring, modelling, and day-to-day blockchain operations.
• Simulation Before Execution Becomes Standard Practice: Tenderly’s simulation infrastructure allows teams to model transactions, protocol behaviour, cascading failures, market stress, and complex multichain scenarios before anything happens on chain. This creates a safer environment for testing assumptions, understanding exposure, and reducing risk before real capital is deployed.
• Hybrid Onchain Institutions Are the Next Phase: Crypto-native protocols are becoming more operationally mature, while traditional institutions are learning from DeFi’s transparency, composability, and programmable financial infrastructure. The future sits between both worlds: institutions that combine traditional risk discipline with onchain technology, simulation, and real-time digital asset infrastructure.

Hybrid onchain institutions represent a new model for financial infrastructure. The goal is not just to tokenize assets or launch protocols, but to operate on chain with the same discipline, predictability, and security that large-scale financial markets require.

As blockchain adoption grows, simulation and modelling will become core infrastructure for managing risk. The institutions that succeed will be the ones that treat onchain operations as a full lifecycle challenge: not just launch day, but every transaction, upgrade, stress event, and market scenario that follows.

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Learn more about Tenderly at:

https://tenderly.co/

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Learn more about Web3 at:

https://untanglingweb3.com/

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Untangling Web3 is brought to you by hosts Jack Davies and Alec Burns, with music by Daniel Paigge. Got a question or topic suggestion? Send us an email at [email protected].

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The views we express here are our own, and do not represent the views of our employers. Nothing discussed or stated in the show should be considered advice.