Had some interesting conversations with fund managers this week. The narrative is shifting from "crypto as speculation" to "crypto as infrastructure." Major institutions are no longer asking if they should allocate to digital assets, but how much and in which segments.

The regulatory environment in Asia is becoming clearer by the month. Singapore, Hong Kong, and Japan are creating frameworks that actually make sense for innovation. Meanwhile, traditional finance is quietly building the rails for the next wave of adoption.

What excites me most is seeing the quality of talent entering this space. We're getting seasoned professionals from TradFi, tech veterans from major platforms, and brilliant minds from academia. This is how industries transform.