Theo Network's Secret Weapon: Not just an RWA issuer, but a Wall Street-grade market maker A lot of people only focus on Theo Network's @Theo_Network APY, but overlook their core underlying capability. Theo's CIO Iggy @iggyioppe revealed the key insight in their latest video: 'If there's one thing we know, it's how to build the best market making algorithms.' ■ Liquidity is 'created,' not 'waited for' The Achilles' heel of most RWA projects is this: they issue assets, but there's no depth. Theo @Theo_Network's team background (from top-tier high-frequency trading firms like IMC and Optiver) means their approach is completely different: ❌ Traditional approach: Issue tokens -> List on exchanges -> Pray someone buys ✅ Theo's approach: Build their own market-making algorithms and provide liquidity using in-house high-frequency algorithms from day one of asset tokenization ■ Core Innovation: Bootstrap Liquidity Iggy @iggyioppe explained in the video how they achieve Bootstrap Liquidity: They don’t rely on external, unstable market makers. Instead, they’ve embedded Wall Street HFT (high-frequency trading) strategies into on-chain infrastructure. This means assets like thBILL have 'native,' controllable, and highly efficient liquidity. Theo's core focus is building On-chain Market Structure. They’ve brought the most profitable and essential market-making capabilities from traditional finance onto the blockchain. This is their true core innovation.