I think the market is mispricing @Securitize $SECZ. Tokenized RWAs sit around $33B onchain today. Roland Berger's conservative model puts the market at $10T+ by 2030. Securitize is the first pure-play equity on that gap. The SPAC priced the company at $1.25B pre-money. The deal added roughly $400M in cash. Two weeks after the NYSE debut, the market cap is back to $1.24B. At current prices you're paying deal value and getting the cash raise for free. Meanwhile, the business: > $5.2B in tokenized assets, the #1# RWA platform (runs BlackRock's BUIDL) > Clients include BlackRock, Apollo, KKR, Hamilton Lane, VanEck > $69M revenue in 2025, guiding $110M for 2026. That's ~11x forward revenue > Announced recently: a partnership with Cantor, the #1# US IPO bank of 2025, to run onchain IPOs and follow-on offerings The 40% selloff since debut looks like classic post-SPAC turnover: redemption arb funds rotating out while insiders (who rolled 100% of their equity) sit locked up. Thin float, forced sellers, no fundamental news.