As usual, I’m a picky mfer, but I’ve been looking for a good RWA play for a while, and I just finished building a position in @lienfiapp. My apebrained tl;dr is this after stalking two years of the RWA narrative: it’s been 80% tokenized T-bills and 20% pokemon cards. Dass it. So it looks to me like everyone is fighting over a 3% yield that Larry Fink already sells better, or TCG gachas with no moat and winner takes all. $LFI is tokenizing tax liens, an asset class that’s been printing double digit yields in county courthouses since before any of us owned a wallet. Pension funds have been farming this shit for fifty years, it’s a massive market, and for my understanding retail basically could never touch it. The project had their 0 to 1 moment last week when they went live with their Florida batch of Liens. It’s live. If they scale it’s massive imho. Not financial advice, dyor and all that jazz. Red flags? They just launched two weeks ago or so, one batch live, lots to prove, and unclear what kind of direct value accrual there will be to the token. But that makes sense or it wouldn’t be sitting at 10 milli mcap. I like the asymmetry of an early bet, I wanted some RWA exposure, will stick around for a while. Bet is dumb simple tbh. Just like I like em.