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PSP Onboarding Woes and Liquidity Access
Anyone else finding PSP onboarding for certain asset classes, especially in emerging markets, to be an absolute nightmare right now? We're burning through compliance cycles and still hitting walls on what feel like boilerplate KYB requests. It's really impacting our ability to onboard larger institutional flow, where liquidity access is critical but getting past the initial hurdles is a battle.
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It's like they're actively trying to keep the liquidity locked behind a fortress of paperwork, isn't it? One almost suspects a secret society of form-fillers enjoying our collective misery.