We're not tokenizing for the sake of tokenizing.

That is not the goal.

There's lots more to come beyond just the tokenization of assets.

And that's something we'll be doing for quite a while.

This isn't a 2026 project or 2027 project.

This is the next decade.

You need no introduction. I've said Amy's the bell of the ball. She is, you know...

I forgot to wear my prom dress. Yeah, exactly. So Morgan Stanley has really jumped in the deep end of the digital asset pool. I think most recently everyone's been talking about the Bitcoin

ETF that you guys have launched, which by the way is like three

weeks old and has over 200 million assets,

which is absolutely amazing.

Congratulations.

Thank you.

But what you guys are doing is much more than just an

an ETF in market.

So walk me through a little bit about the thinking

and the strategy associated with Morgan Stanley's digital asset aspirations. Yeah, and maybe like stepping back a little

bit. I think everyone feels that, you know, we just started this journey within the last few months,

but this has really been years in the making that we've been working on a lot of this down quietly in different parts of the business. The regulatory landscape

has changed and allowed us to come out more publicly with some of our market activities.

And I think the really interesting thing to talk about, too, it's not just our wealth business,

it's not just the ETPs.

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