Don't rush to criticize me for being involved in projects led by Milk Sei and Multicoin. Our researchers will pay long-term attention to them. This time, Sei and the sovereign country Bhutan are causing trouble together, which is quite impressive and has a bit of the atmosphere of the national team coming off the field! Although Bhutan may seem like a small country at the foot of the Himalayas, it has actually been quietly making a fortune since 2019, using its surplus water and electricity to mine Bitcoin. Now there are 5984 BTC worth 530 million US dollars lying on their books, which is the real gold and silver exchanged for practical energy after Bhutan's digital transformation. Now, they are not satisfied with just playing the role of "miners", they have to come to the table as shareholders who set the rules. Choosing Sei as the verification node means directly betting the country's reputation on a new public chain. This is not riding on the heat, but a collaborative development of strong alliances, transforming from an investor to a 'shareholder'. So many people may ask, with so many public chains, why choose Sei? I think there may be several considerations: Firstly, we value the strength of Sei's "financial dedicated channel". A few years ago, it was somewhat outdated to compare who locked up more (TVL) and who had higher interest rates (APY). Starting from 2025, the battlefield has changed, and whoever can become the "settlement base" of global finance is the winner. Bhutan values this point, it does not want a public chain that can handle anything, it wants a dedicated track that requires settlement to be fast and seamless. Bhutan's choice of Sei this time is not just a milestone, they are using their national fortune to conduct stress tests on this new financial system. This is a hundred times harder than projects that only shout slogans of "empowering entities". Secondly, we are optimistic about the potential of RWA in the future. Bhutan has excellent clean energy resources, which is a very good path for asset tokenization. And Sei's hardcore technological strength naturally meets the needs of RWA asset issuance. On Sei, 1-second transactions+instant clearing+high TPS are naturally built for financial infrastructure. This is a potential gain effect for Bhutan. In summary, the cooperation between Sei and Bhutan may only be the beginning. Don't look at this matter with the old perspective of "small country speculation" anymore. Bhutan was just the first to wield its sword. I bet that those Middle Eastern tycoons and Nordic countries who hold large amounts of oil capital and sovereign funds behind them may be quietly laying out their plans. Because the future financial sovereignty is not on Wall Street, but on who controls the settlement layer. The Sei wave, on the surface, is a technological cooperation, but at the bottom, it is a reshuffling of geopolitical finance. Bhutan is not here to mine, they are here to build a toll station for the future financial highway. And Sei is becoming the widest, fastest, and most stable lane on that road. We are still investing in Sei because I believe that where the funds of the national team will flow in the future is the hardest indicator of the bull market.