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We recently had the first NASDAQ listing for one of our portfolio companies, which was a great success.
However, the whole process just reminded me once again how broken the TradFi world truly is and by how many orders of magnitude crypto rails could make all of this better.
Even though the listing was over a month ago, half a dozen middlemen and a very opaque share transfer process have resulted in us still not having our shares to this day.
And the funniest part: no matter which of these middlemen you talk to, nobody knows what's going on and nobody is at fault.
Whenever I have to deal with banks or institutional players like this, it just reminds me every single time how inefficient and intransparent the TradFi world is, running on rails from 20 to 30 years ago, and how painfully early but also inevitable the crypto industry is.
I don't care about bear or bull markets or what kind of problems we have yet to solve to make it happen. Nothing has changed about the revolutionary vision of crypto and sooner or later it's going to happen.
With or without you.