I wrapped 3 weeks across Singapore, Hong Kong, Tokyo, and Seoul. 50+ in-person meetings with regulators, fintechs, allocators, and major institutions.
A few things stood out:
→ Asia sits on both ends of the risk curve at once: some of the most aggressive, risk-tolerant players in crypto on one side, and highly institutional actors waiting for regulatory clarity on the other.
→ Demand for US financial products is real and growing.
→ Recent hacks rattled some players, but the appetite for onchain finance hasn't gone away. It's maturing.
→ There's no substitute for being in the room. Asia is the deepest onchain liquidity hub in the world right now, and we've been seriously under-investing here. That changes now.