Really excited and grateful to be on this team. When I first joined I didn’t fully appreciate the importance of the convergence that will happen between traditional financial assets and on-chain products. The instruments available in traditional financial markets are genuinely super interesting and have a lot more depth than I had previously been exposed to in my pre-Cambrian era, and there is a huge gap that still exists compared to what you can do on-chain for real world assets. For larger institutions, this is a huge moment. On-chain markets bring 24/7 access, global settlement, transparency, composability, and programmability. When those properties are applied to real-world assets and the risk-management stack around them, they create better data and faster, more efficient markets, leading to an improved understanding of risk, all of which will lead to further institutional adoption. Another thing I have come to realize is that creating more efficient markets and complete data for them is something that has positive downstream effects on all of our lives. If you are getting a mortgage on your home, you are affected by the interplay between things like treasury bills, notes, bonds, TIPS, floating-rate notes, futures, options, swaps, repos, yield-curve trades, and so many other things that may not be immediately obvious. By creating more complete data, you get better price discovery, more resilient, stable, and accessible markets. This intersection we are entering goes further than just tokenizing assets. It brings a more complete risk-management stack on-chain, which will touch all of our lives in a positive way.