FalconX

You can mint and burn in Coinbase and Anchorage and some other platforms.

We have integrations into FalconX.

so like the place that these institutions are working on like they're not going on chain to mint and buy these tokens they're working through a third party a qualified custodian that has the security and has the regulations so we're kind of like at their front door via these parties And we're also having a lot of conversations and educating them on Solana.

If you want to sell Gita Soul, first you have to tell the story of Solana and why people should be bullish on it.

This move allows institutions to hedge and gain exposure in a regulated, capital efficient manner,

FalconX and GSR were the institutional counterparties executing these first trades.

What insights did they share about the demand for these futures?

FalconX highlighted that institutional demand is evolving beyond just the largest tokens.

There's growing interest in assets with specific use cases like Bitcoin cash for payments and Uniswap for decentralized finance.

Regulated futures provide a way for institutions to hedge their positions and manage exposure efficiently.

And the plumbing is going in right now.

Ripple Prime, FalconX, prime brokers that lend to trade for big investors plugged into Hyperliquid in February.

Kraken's parent company says it intends to offer US clients Hyperliquid's HIP three markets, and they're gonna make it happen through a regulated exchange once regulations sign off.

And now here's where the battle begins.

What do you think...

some of these tokens and tokenized assets like Syrup, USDC, Prime, FalconX, which did not meet the standard that you're establishing here.

Do you think that some of them need to just make some changes to their frameworks? Do you think changes are possible without reissuing the assets entirely?

So it's not about having to reissue tokenized assets, right? I think that's a bit of a misconception.