December sometimes joyful

The market is really not good, policies are tightening, and funds are retreating.

The cryptocurrency market at the end of the year has finally shown a true bear market.

Sitting in front of the computer, I thought for a long time and actually didn't know what else to share.

Scrolling through Twitter, I see some people traveling and others showing off their achievements this year.

Some people are also reviewing the changes of the past few months.

What can I share? I haven't gone out to have fun for a long time. There's not much to say about being the first to counter-trade...

The income in November is pitiful. Can we have a big wave in December? I don't know either.

Looking back at this year, although I haven't been in the crypto world for long,

But fortunately, a few months of income have completely filled the previous anxiety.

But people cannot just sit and eat without working.

So I've been keeping a close eye on Sei's RWA data recently.

As I stared, I suddenly realized something very intuitive:

Although it is not large in scale now, the on-chain structure of Sei already resembles a scaled-down version of a capital market.

The core that supports this layered structure is actually @KAIO_xyz.

Why do I say KAIO is the key foundation?

Just look on-chain, and you'll see it's all solid data, not narrative.

1. The entry point for institutional assets is being opened.
BlackRock, Brevan Howard, Apollo - the strategy products of these traditional giants,
They are all migrated to the chain through Securitize → Sei.
This is not just about writing a white paper, it's not just about shouting "RWA big trend".
The fund strategy of real gold and silver begins to flow on the chain.

2. The institutional strategy has transformed into an on-chain product that "everyone can participate in" for the first time.
Nomura (Laser Digital) products are directly packaged as standardized on-chain assets,
The threshold has been lowered to the bottom, making it possible to truly "democratize institutional-level strategies."

3. Morpho transforms these assets into high-quality credit assets that are pledgeable, borrowable, and composable.
Assets can be lent out, leveraged, and combined into structured strategies,
This is the core function of the capital market, not simply "depositing an RWA".

4. USDC + CCTP provide a clean import and export channel
Capital inflow, clearing, and cross-chain movement have become controllable, transparent, and automated.
You will find that by connecting these points:
Sei is not in the 'previous asset';
but rather to run the entire asset issuance, trading, and settlement process on-chain again.

This is the prototype of the capital structure being reconstructed on-chain.
There is only one real turning point.
It's not a narrative, it's not a slogan, it's not the team just getting high on themselves.
There is only one case for the turning point:

Institutional-grade assets are really starting to operate on the chain.
Can open positions, can split, can hedge, can leverage, can combine trading
These are the skeleton of the capital market.
What KAIO does is abstract, unify, and standardize this entire set of links.

Time really flies.
The 1st of next month will be the year 2026.
Wishing everyone a smooth December, with love accompanying the winter ❤️

#KAIO #Sei #RWA #kaitoyap #yap
@KaitoAI