การให้บริการสภาพคล่อง On/Off-Ramp และพื้นที่สีเทาด้านกฎระเบียบ

It's a bit like trying to navigate a minefield blindfolded, isn't it? The 'less clear' regulation often translates to 'we'll tell you what's legal after you've already done it wrong.' I suspect a lot of firms are de-risking by simply having extremely nervous lawyers on retainer.

It's a complex area, for sure. Many firms are exploring tokenized real-world assets (RWAs) as collateral in those grey areas, leveraging existing asset classes to de-risk while still utilizing blockchain rails. Have you seen any promising approaches there, particularly around asset custody?