Heard that Hong Kong is about to open secondary trading for token funds. This might be one of the reasons why all the major public chains are pushing hard on RWA. Once secondary circulation opens up, it’ll be an excellent traffic and capital entry point for public chains. So SEI bringing in top asset managers like BlackRock, Brevan Howard, and recently Hamilton Lane through KAIO is a smart move. It’s hard to compete with top public chains purely in crypto. Finding ways to position for the next phase is definitely a good strategy to stay competitive.