Caitlin Long

And most have not made it yet.

Some are moving in that direction, but I think this is a multi-year upgrade process.

In the meantime, if the banks haven't upgraded their risk models,

especially for an asset like Bitcoin, they've got some big surprises coming because in the past, there are a lot of fault tolerances built into the securities markets, even into payments, right?

The discount window,

Daylight overdraft at the Fed.

These are things that are fault tolerances built into the payment system that if something goes wrong and you don't have a settlement before your books close that night, you can always roll it to the next day.

That happens in ETFs, right?

With the market makers having the ability to create a certain amount of more units, right?

It's an over allotment option.

These are sort of fault tolerances that are designed to deal with that complexity that Lynn mentioned.

Alden speaks about so well that the systems don't really aggregate, are not always in sync with each other, rather.

And so the fact that that can happen and the systems can get that out of sync with each other is going to take somebody down if they don't really upgrade their risk models and have the ability to do real-time monitoring, which most financial institutions to this day still do not have.

Well, we're the back end of this system that Vantage Bank, our partner in Texas, is the front end.

So right now we're not opening new accounts.

It's just keep an eye on us, though, because I think this is going to help the

The smaller banks that don't have the, you know, multi-billion dollar budgets to fund skunk works, we're their skunk works.

So keep an eye on it.

We'll be making some announcements soon.