I think the positioning of KASH is quite clear. It condenses the original RWA blue-chip fund portfolio, which was only accessible to institutions, into a yield-generating token that everyone can participate in. The focus is not on issuing another token, but on using KAIO to turn assets like BlackRock, Hamilton Lane, and Laser Digital into products that are holdable, yield-generating, and relatively easy to understand. If it can truly achieve a one-token solution for diversified allocation, that would be ideal.

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