"I think tokenized stocks and um stocks and ETFs if you think about it from from a size perspective is probably the biggest opportunity because just the New York Stock Exchange that we recently announced the partnership for they're going to be trading tokenized stocks 247 in a digital ATS and we're going to be the record dealer the transfer agent we're very you know involved in that project just you know if 1% of that moves it's $4 trillion it just kind of triples the size of the crypto industry today and 1% I know you 1% is nothing now these things always the hardest are the first ones like which one is going to be the first like mega company that is going to go and say I'm going to tokenize it's going to be Tesla it's going to be Nvidia a couple that then when you get the first then getting the second is easier the third and the 10th and the hundth and then that's when it explodes right"
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… [laughter] I thought they'll be so confused. So what do you think comes comes next in the in the process now? So we maybe we get regulatory uh legislative clarity. I have my doubts to be quite honest. Doesn't matter for you. But we've seen the tokenized treasuries. We've seen the proliferation of stable coins. Is it the whole stock market next? I think tokenized stocks and um stocks and ETFs if you think about it from from a size perspective is probably the biggest opportunity because just the New York Stock Exchange that we recently announced the partnership for they're going to be trading tokenized stocks 247 in a digital ATS and we're going to be the record dealer the transfer agent we're very you know involved in that project just you know if 1% of that moves it's $4 trillion it just kind of triples the size of the crypto industry today and 1% I know you 1% is nothing now these things always the hardest are the first ones like which one is going to be the first like mega company that is going to go and say I'm going to tokenize it's going to be Tesla it's going to be Nvidia a couple that then when you get the first then getting the second is easier the third and the 10th and the hundth and then that's when it explodes right so I think that the the announcements of you know transfer agents coming into the space computer shares with us now with uh with bullies I think you know New York stock exchange is announcing that they're going to be trading those things which obviously the most legit you know trading venue there's going to be onchain other projects like the one w …