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SEI down 89% from highs but brevan howard is running validator infrastructure on the same chain they're tokenizing their master fund on. hamilton lane's $941b AUM operation chose SEI for settlement over ethereum. apollo's ACRED settling there too. $30m RWA TVL from zero in 6 months. token value capture is questionable but when macro hedge funds operate nodes on your network instead of just using it, that's not experimentation.

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