There’s a lot of talk about the "institutionalization" of the space, but many still don’t understand what that actually means. The crypto market is undergoing a complete transformation. Aside from a few meaningful tokens, there’s nothing truly new worth following anymore — I’d genuinely love to hear an example of an interesting new token launched in the past 12 months. The technology is already here: Ethereum, Solana, ZKSync, Zama, Aave, Morpho, Euler… Now the companies are coming. They want to use this technology — and they’ve started doing exactly that. Amundi just tokenized its first fund on Ethereum. Société Générale has its own vault on Morpho. And we’re going to see many more announcements like these. We’ve been talking about institutionalization for years — and now it’s finally happening.