Independent Research Studio
Building the
System 1 layer
for institutions.
Turning complex information into structured, actionable decisions.
A landscape of possible decisions
Latest
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Research Notes
What Crypto Market Structure Legislation Cannot See — SSRN
Why regulatory classification alone cannot establish whether value actually moves between a token and the activity it represents.
Research Notes
The AI-Native Organization
Tracing dependencies across AI capability, authority, infrastructure, capital, ownership and governance.
01 / The thesis
Judgment is
infrastructure.
Information is abundant.
Structured judgment is scarce.
02 / Selected research
Beyond the visible.
Essays on structural change, with concepts drawn from the research.
Regulation / Market structureResearch Notes01
Beyond the Code (II)
What Crypto Market Structure Legislation Cannot See — SSRN
Why regulatory classification alone cannot establish whether value actually moves between a token and the activity it represents.
AI / InstitutionsResearch Notes02
The AI-Native Organization
Tracing dependencies across AI capability, authority, infrastructure, capital, ownership and governance.
Explainers · Concepts from the research
Conceptual frameworkExplainers
Phantom coupling
A relationship can exist in a diagram, a technical design or a legal category without carrying economic value. The analytical question is whether activity in one part actually changes the rights, cash flows or incentives in another.
Research glossary · drawn from Beyond the Code (II). Read the source
An apparent connection. No effective transmission.
Conceptual frameworkExplainers
Latent coupling
Formally separate systems can still share a dependency. Infrastructure, authority or capital may transmit risk and power across boundaries that appear independent. Analysis follows those transmission paths, rather than stopping at the labels.
Research glossary · drawn from The AI-Native Organization. Read the source
Apparent separation. Real transmission.
Reading times are estimates.
Ideas / 01
A current question
03 / What we study
At the intersections.
Where technical change meets institutional reality.
- 01
Artificial intelligence
Capability, agency and organizational change.
- 02
Financial infrastructure
The systems through which value moves.
- 03
Digital assets
Ownership, incentives and economic transmission.
- 04
Regulation
Rules that define rights and responsibilities.
- 05
Market structure
Where liquidity, risk and power concentrate.
- 06
Institutional transformation
How technology changes decision-making.
04 / System 1
From information
to a decision.
System 1 is our name for accumulated understanding made usable: recognizing patterns, examining mechanisms and weighing uncertainty.
A conceptual model of convergence
- 01
Signal
Identify what changes the question.
- 02
Structure
Map mechanisms and dependencies.
- 03
Judgment
Weigh evidence and uncertainty.
- 04
Action
Define the decision and its conditions.
05 / About Linden Hill
Independent by design.
Linden Hill & Co. is an independent research studio. Our work examines how technology, rules and economic mechanisms transmit value, risk and power.
Research dialogue
Selected commissions
Research dialogue and commissioned briefs for funds, family offices and LPs.
Discuss a research question06 / Publications