Been thinking about this one since last week. @coinbase adding exposure to a tokenized Mubadala Capital strategy to its balance sheet caught my attention. A public US company holding a tokenized private markets product as a treasury asset feels like a pretty important shift. Then you have @KAIO_xyz bringing the Mubadala Capital Alternative Solutions Fund to Solana with $75M committed by traditional and digital investors. This is where the RWA story gets really interesting for me. We started by putting real world assets onchain. Now institutions are starting to gain exposure to them through the same rails. The next step could be seeing tokenized private markets become a normal part of corporate portfolios. Feels like a new category of ownership is quietly taking shape. And I think we are still very early.