**[Aptos Experience 2025 Thematic Dialogue Highlights: No Single Script, Only the Most Suitable Choice]** BlockBeats News, October 17, according to official sources, Hyperion CEO Claire, Hashed Partner Baek Kim, and Ashbury Legal Founding Partner Ryan Williams participated in a dialogue and shared their insights at the Aptos Experience 2025 event. The discussion revolved around the theme "Tokens, IPOs, and Leading Trading Platforms: The Path to On-Chain Public Listing for Projects," with each presenting their unique perspectives: Hyperion CEO Claire proposed the vision of "listing equals on-chain" during the dialogue, firmly believing that within five years, corporate listings will be equivalent to issuing tokens on decentralized platforms. The core advantage lies in achieving "programmable alignment of interests" among global ecosystem participants. However, she also candidly acknowledged the "beautiful chaos" of on-chain governance, as 24/7 operations and community governance introduce operational costs that traditional enterprises do not face. Hashed Partner Baek Kim pointed out the misconception of "technology-driven listing timelines" among current founders during the dialogue. He emphasized that while capital can grow exponentially, founders' capabilities evolve only linearly, which is a fundamental contradiction in the industry. He advised project teams to maintain "extreme agility" to adapt to markets that change dramatically every two weeks, as the success of a TGE (Token Generation Event) depends more on seizing market windows than rigidly adhering to product roadmaps. Ashbury Legal Founding Partner Ryan Williams refuted the suggestion of a "one-size-fits-all approach to going global" during the dialogue. He stressed that project structures should fully serve value accumulation models—DeFi protocols are suitable for tokenization, while IP-driven companies should retain the flexibility of equity mergers and acquisitions. He predicted that the "trend of securities tokenization is irreversible" but cautioned U.S. founders to carefully evaluate overseas structures to avoid adding unnecessary compliance burdens in complex sectors. Moderator Jeff Ren, Partner at OKX Ventures, concluded by noting that crypto projects are currently facing unprecedented choices. The key to success lies in selecting the path that best fits the nature of the project, whether it be Alpha Launchpad, traditional IPOs, on-chain tokens, or tokenized securities. "There is no single script, only the most suitable choice."