We're now joined by Ian DeBoat, who is Ando Finance's present.

He's working to bridge institutional great assets to global blockchain users.

Ian, I think you got a promotion since we last chat.

I did. Thank you very much.

Well, welcome, President.

Let's talk about you being here at

Binance Blockchain Week. Ondo recently launched tokenized stocks and ETFs within the Binance

wallet. Talk to us about that. Yeah, we launched tokenized stocks in the Binance wallet last

week. So now all of Binance Wallets users, about 280 million people, I think, have access to U.S.

stocks and ETFs 24-7 whenever they want.

This seems to be a trend that a lot of people are on.

How do we think this is going to play out on the regulatory side?

And I only say that because I think that, you know, we saw sort of the public stuff that was

happening with Tesla and open AI future stocks were being traded. Do we need a little bit more of

an understanding of how this stuff works or should we just consider it's a stable coin? We got a

stock in a bank somewhere and you get to buy a share of it. Yeah, so it's a good point. We obviously welcome more regulatory clarity. Our assets right now are issued outside of the U.S. A lot of the conversation on tokenized stocks is happening within the U.S. market. So we're talking outside the U.S. right now, where a lot of things, quite frankly, are already possible. Our assets are issued under Swiss law.

There's a prospectus in the EU.

Outside the U.S., there are some regulatory frameworks that we can follow.

We're fully compliant with those.

All of our assets are fully backed.

So when you buy a Tesla token, you can rest assured that there is a Tesla stock sitting in a brokerage account. So none of the open AI difficulties that we saw with some of our competitors.

And we've seen very good traction so far of the product.

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