Awesome to see Centrifuge continuing to stack institutional partners on its tokenization platform. When we were evaluating a ethereum:0xcccccccccc33d538dbc2ee4feab0a7a1ff4e8a94 investment, we were debating whether asset management firms would build tokenization platforms in house or use a specialized partner. We ultimately decided that there are big advantages to a horizontal player in this market for both the standardization of smart contracts + established distribution partners and integrations. Considering the number of asset managers in the market with north of 50bn under management globally, we felt the TAM was large enough to support the company's growth over the next decade and beyond. The fact that some of the largest asset managers are already choosing Centrifuge is a great signal, especially as the longer tail asset managers begin to evaluate partners and see their larger competitors already moving in this direction. I was honestly expecting traction to start with the middle of the market. Nice to be wrong and yet more right at the same time.