Yuval Rooz

Second of all, I mean, you know, I can only I can only discuss what what was shared, which is treasuries.

You know, my hopes is that equities, you know, will be there as well.

Actually, to be honest, when you start thinking about the DTCC, they also sit on munis and corporate bonds and other assets.

The hundred trillion is not just the equity market.

It's, you know, a pretty sizable portfolio of assets.

So my hopes is that all of them, because it's not just trading, but I think, David, what you're going to see is the next generation of ETFs and other products that are natively on chain.

So to me, that's extremely exciting having these assets.

You know, that's, you know,

We've been working and knowing the DTCC for a very long time.

Again, we've been trying to bring capital markets.

And if you try to bring capital markets, like I said, you go to where the balance sheet is, where the concentration of assets is.

And the DTCC, if you could describe a capital market's black hole, meaning all mass is centered there, the DTCC is it.

They are the biggest by far.

Just to give you a sense, I think that the Europeans are in the 30 to 40 trillion, just to give you a sense of the magnitude in terms of size.

So, you know, we've been working and talking to the DTCC for a very long time.

And like I said, have been very fortunate that they selected Canton first.

Yeah.

So to me, on a personal level, one of the things that really got me excited about crypto is that, back to allowing others that historically couldn't, is that if a network becomes kind of a backbone of...

financial industry or subset of a financial industry, historically, the common person, you, you know, the three of us, wasn't able to own a share of that, of that infrastructure.

And, and really what crypto showed was