Incredibly excited to share the partnership between @MonacoTrading and @DinariGlobal, as we look to reshape global access to 24/7 financial markets. Everyone talks about bringing traditional markets onchain, without considering what actually backs the token. Dinari solves that challenge in an institutionally friendly way, for investors around the world.

At @MonacoTrading our goal was never to just build another Perp DEX or commoditized frontend on top of old infrastructure. If that had been the plan, we could have tried to copy any number of onchain exchanges, with some minor changes, and dressed it up as something novel. We could have done that quickly, and some people might have been excited and had fun for a little while. But candidly, that's less exciting, and we would not have contributed anything meaningful to individuals and institutions that want to trade. And by now it'd be a forgotten idea. We like to dream a little bigger. Our mission is simple. We want to build the best platform for traders to have global access to markets across different asset classes. That requires speed, security, frontier markets, and a transparent structure that empowers all users. We're just getting started, and we hope you'll come on this journey as we build the world's trading floor.

To put this Cambrian explosion of RWA activity into context: I suspect most folks outside of select industries wouldn't have heard of SK Hynix until a few months ago. Today it makes its debut to US markets via the largest ADR offering in history ($26.5bn). A South Korean semiconductor company and the world's second-largest memory chip manufacture, despite being more than 40y old just now became accessible to US investors. Market access needs to be fundamentally redefined for a global, 24/7 world.

The S&P is hitting ATHs, and call skew, which reflects the relative cheapness/expensiveness of buying upside insurance, is still trading at the highest its been in 2y. Why? Largely a result from folks waking up and realizing how under-exposed they are to AI adoption.