Colosseum receives thousands of startup submissions ranging from “fintech 3.0” to non-sovereign permissionless crypto protocols, and everything in-between. Our VC fund invests heavily in products utilizing fiat stablecoins, tokenized RWAs, etc. as we believe blockchains will dramatically lower costs, improve efficiency, and disrupt current financial infra. But we also believe this fintech 3.0 wave is familiarizing TradFi with blockchain-based asset issuance, trade/payment execution, and settlement. Essentially laying the same rails for which non-sovereign, truly decentralized financial products will leverage to eventually revolutionize global markets. My strongly held view is that the latter is where the largest returns will be when we look back on this time 10-15 years from now.