Tokenising everything is not a strategy. We ran a tokenisation project before the regulation even existed, so we say this as believers. Most tokenised assets fail for the same reasons. There is no market maker quoting two sides, so the spread kills every trade. The legal wrapper does not give the holder enforceable rights over the underlying asset. Custody and transfer restrictions fragment the pool of buyers across platforms. And the asset never had enough natural demand to be liquid off chain either. Tokenisation makes an asset transferable. It does not make it liquid. A token without buyers is a certificate that moves fast. We believe the winners will treat tokenisation as a market design problem. They will choose assets with real cash flows and a real buyer base, build the secondary market and the compliance around them, and prove redemption works before they scale. Fix the plumbing, yes. But demand is the product.

It has been a privilege spending time with the @KeetaNetwork team and working hand in hand on the initiatives we are building together. What @schenkty and his team have achieved is genuinely remarkable, a blockchain network independently verified at 11.2 million transactions per second with 400 millisecond settlement finality, tested in collaboration with Google’s own engineering team. The fact that @ericschmidt , who has spent his career identifying tech that changes the trajectory of industries, has chosen to back this network speaks to the depth of what has been built. We are at an early stage of a long journey, and I say that with full awareness of how much work lies ahead. Ambition without humility is just noise. What gives me confidence is not only the technology but the environment in which we are building it. The UAE has created something rare, a regulatory and institutional ecosystem that takes innovation seriously without sacrificing the rigour that global capital markets demand. None of what we are working toward would be possible without the UAE’s continued and unwavering commitment to building the conditions for the next generation of global finance. I am genuinely grateful for that. I also want to acknowledge His Highness Sheikh Ahmed bin Sultan bin Khalifa bin Zayed Al Nahyan @asknahyan, his leadership, vision, and belief in what we are building at ASK Group has made this partnership possible. This is a reflection of his long term commitment to ensuring the UAE leads and not follows, in the industries that will define the global economy. At ASK Group, we believe that the most meaningful contributions are the ones built quietly, carefully, and with a genuine sense of responsibility to the markets and communities we serve. That is the spirit in which we are approaching this partnership, and everything that comes next.