Angie | Rails

I've been in crypto since late 2014. I've seen the boom and bust cycles, the speculation, the hype-driven narratives. That era is dead. In a grown-up world, crypto is a financial tech stack, not just tokenized culture driven primarily by speculation. At @rails_xyz, we built regulation-first because we believed this convergence was inevitable. We're CIMA registered with NFA pending. Institutions don't integrate with unregulated venues. They can't. So we built the stack they need. That thesis is proving out. We've had significant institutional interest with many active conversations underway. Where we are today since launching Rails last June and Play V2 in December: * Close to $4B in total volume * Revenue generating across both Rails and Rails Play with over 35,000 signups combined and growing We're still early. Regulation creates onboarding friction by design. The progress despite that tells us we chose the right path. What's coming this year: * Options markets * Institutional Vaults powered by @StellarOrg With vaults, Rails owns the liquidity stack. More liquidity on the platform means tighter spreads across both our perps and options markets. Better experience for traders. Sustainable infrastructure for us as a middleware liquidity provider to our institutional partners. Today our token goes live on @krakenfx. It will power @Railsplay_xyz directly over the coming weeks as the primary way to purchase evaluations. Like the rest of our stack, the token is a product in our ecosystem and we'll treat it like one. We have no concerns over the short term. Our primary focus is building a great long-term company and growing revenue. Let the rest take care of itself. We chose the hard path on purpose. Regulation first. Infrastructure first. Revenue first. We think it performs well in the long run. Excited for what's ahead.