I came across a news article that BlackRock and Brevan Howard are launching a fund on @SeiNetwork.
One manages $12.5 trillion, and the other is a veteran hedge fund with $2.6 billion in assets under management. They're usually seen as figures in the "suit-wearing" world of Wall Street, and now they're jumping on the blockchain to run a tokenized fund?
Upon closer inspection, they're even issuing the fund through KAIO. Looking at the list, Apollo's $1.2 billion ACRED fund is already on-chain, and State Street and VanEck are following suit.
This truly makes it a case of the "pinnacle" of traditional finance moving to Sei.
Thinking back to how we used to discuss DeFi as the future, it seems the tables have turned: traditional finance is actively seeking out DeFi's territory.
SeiNetwork is becoming the underlying network for institutional finance.
The financial center used to be on Wall Street; the next financial center might be on Sei @SeiNetwork.