Binance has now opened Capital Connect to individual KYC users, and I think this is more significant than it seems on the surface. In the past, a lot of so-called 'asset management' in the crypto space was essentially: You send money to a team, then trust their NAV, trust their risk control, and trust that they won’t run away with your funds. Capital Connect is trying to solve a different problem: The money stays on Binance, The strategy team handles the trading, And historical NAV, returns, and drawdown data are directly verified by the platform. This is essentially pushing Crypto Funds toward the traditional financial Managed Account model. I think the real value here isn’t just 'another investment channel,' but rather that in the future, if a trading team wants to raise funds, they can’t just rely on PPTs, screenshots, and social media ROI claims anymore. If infrastructure like fund custody, performance verification, and trading permission segregation gradually matures, Crypto Asset Management will finally have a chance to scale properly. Of course, platform custody can only solve part of the credit risk; it can’t address strategy losses, leverage, drawdowns, or liquidity risks. But at least this is the right direction. In the end, Crypto asset management shouldn’t be about who tells the best story, It should be about whose returns are real, whose risks are transparent, and whose funds are untouchable.