Top-tier institutions in traditional finance have shifted from observing crypto to actively participating in crypto; RWA has become the first stop for traditional capital entering the space. BNY's CEO mentioned OpenEden during the quarterly earnings call, and this is a big deal—because the world's largest bank is talking about a crypto project. Keep in mind, BNY is the largest custodian bank globally, with $47 trillion in assets under custody. They've listed OpenEden as an RWA partner to jointly launch new products. BNY choosing OpenEden as a partner also shows that its compliance framework, U.S. Treasury bonds, and reverse repo underlying asset design have reached standards recognized by mainstream finance. You could say traditional finance is sprinting into on-chain assets.