Mpost Media Group(@mpost_io):#HSCLifeRules - Essi Lagevardi (@SuperChad15), Founder & CEO at @turtledotxyz, HSC Asset Management Singapore, October 8 For tokenized real-world assets, I think the biggest friction point is proof of reserves. If I deposit into a token or a vault, a lot of that liquidity is being bridged off-chain. What stops whoever launches it from rugging their users and sailing off into the sunset with everyone's money? There are no, or very few, checks and balances You can get a third party to attest there's money in a bank account, or GPUs in a data center. But once the attestation is done, they can withdraw the money and run off. So you need third parties that only let founders or vaults use the underlying liquidity in a pre-approved manner #HSCSingapore

2026.10.28 14:15

#HSCLifeRules# - Essi Lagevardi (@SuperChad15), Founder & CEO at @turtledotxyz, HSC Asset Management Singapore, October 8 For tokenized real-world assets, I think the biggest friction point is proof of reserves. If I deposit into a token or a vault, a lot of that liquidity is being bridged off-chain. What stops whoever launches it from rugging their users and sailing off into the sunset with everyone's money? There are no, or very few, checks and balances You can get a third party to attest there's money in a bank account, or GPUs in a data center. But once the attestation is done, they can withdraw the money and run off. So you need third parties that only let founders or vaults use the underlying liquidity in a pre-approved manner #HSCSingapore#