In March 2019, Kleros launched the Token Curated Registry of Tokens (T2CR).

In order to have a token accepted into the list, it had to comply with some minimal conditions such as no...

Expelled from the Royal Exchange, brokers congregated in Change Alley between Cornhill and Lombard streets in the City of London. In 1700, when the city government prohibited them from meeting on the street, their main trading venue became Jonathan’s Coffee House.

A market flourished where...

A more widespread adoption of the Kleros Token Curated Registry can be an excellent first step for the regulation of the emerging DeFi ecosystem. A method that is native to the internet age and more sophisticated than the “coffee shop regulation” which is currently provided by centralized private...

A notable moment in world economic history was the creation of the joint stock company. It started in Amsterdam with the foundation of the Dutch East India Company and then in England.

By the end of the 17th century, shares of at least 150 corporations were traded at London's Royal Exchang...

The previous section summarizes how Professor Edward Stringham describes the early days of the London Stock Exchange in his book “Private Governance: Creating Order in Social and Economic Life”.

The rise of the London Stock Exchange illustrates an instance where the market itself created e...

Some of our most respectable financial institutions were born in coffee houses such as insurance firm Lloyd’s of London (formerly, Lloyd’s Coffeehouse), the Philadelphia Stock Exchange (formerly, Merchants Coffee House) and auction house Sotheby’s.

It took more than a century for the Englis...

The emerging decentralized finance ecosystem (DeFi) seems to share many features with the rise of corporations and stock exchanges in the 17th and 18th centuries.

Back then, the joint stock company was a phenomenal financial innovation, a new way to pool and coordinate human work for the f...