This is the moment we built Protocol Wealth for. When we started the firm, we saw a clear gap. People who had built significant wealth in Bitcoin, protocol tokens and other digital assets deserved professional financial advice. They needed sophisticated wealth management, thoughtful custody structures and advisers who understood both traditional finance and the onchain world. That combination was difficult to find. Then the bear market arrived. Protocol tokens fell sharply. Even major digital assets experienced significant declines. Planning felt less urgent. But every market cycle tends to produce the same lesson: During the bull market, people assume it will continue. During the bear market, they wish they had made a plan while prices were higher. Now, market activity is returning - but this moment is bigger than another crypto cycle. Stablecoins are becoming more widely used for payments and yield. More traditional assets are being tokenized. A greater share of personal wealth will be represented on blockchains and potentially used within DeFi. Investors will still need help answering familiar questions: • How much risk am I taking? • How concentrated am I? • What should I sell, retain or diversify? • How does this wealth support my family and long-term goals? But they will also face newer questions: • How should these assets be custodied? • Which wallets, platforms and smart contracts are appropriate? • How do I evaluate on-chain opportunities and their risks? • How do I move safely between traditional and on-chain financial systems? That is what we have been preparing for. We’ve combined decades of traditional financial experience with deep knowledge of crypto, DeFi, wallets, custody and security. We’ve built the technology, reporting and operating systems needed to advise clients across both worlds. AI is becoming part of that evolution as well - not as a replacement for judgment, but as a tool to operate more efficiently and do more for clients while protecting their information. For @JasonLeupold, @nickryg and me, this is the convergence we anticipated when we started @Protocol_Wealth. And it feels like the work is just beginning.

Good have a talented back that can get hit in the backfield when the play call doesn't include adequate blocking. Maybe he gets back to the line instead of losing 2 yards.

I have new hope. Met with a young investor who has done very well in crypto. After growing wealth through some memecoins and NFTs, he used his knowledge and understanding of crypto to come up with an investment thesis for this cycle. He has moved into only a few assets that fit his thesis, and has targets to the upside, and values to the downside that invalidate the thesis. He is also showing maturity in asking for guidance from financial professionals. - Budgeting - Cash flow - Custody - Tax planning - Diversification Great to see someone taking wealth they made on their own, and realize they don't need to risk it all over and over at this point. Also great to know there are finally investment theses beyond hopium. More investors like this. @Protocol_Wealth

Why would an SEC-registered investment adviser join the @tacoalition? We don’t issue tokens. We don’t tokenize funds or other assets. We joined because financial advisers may become one of the most important markets for tokenized investments—and the infrastructure needs to work for fiduciaries before that can happen. Investment advisers reported approximately $177 trillion in regulatory assets under management in 2025. If a meaningful portion of the investment world moves onchain, advisers will not simply be watching from the sidelines. We will be responsible for: • Evaluating the underlying investments • Understanding how the tokens are structured • Determining whether they belong in client portfolios • Solving for custody, reporting and tax data • Explaining the risks to clients • Monitoring the investments as fiduciaries Earlier this year, I wrote an article with the Tokenized Asset Coalition explaining why tokenized assets were not yet ready for meaningful allocation by RIAs. Since then, we have seen regulatory progress, more assets come onchain and greater real-world use of stablecoins. But there is still plenty to build. We are also hearing directly from clients who already hold significant wealth onchain. They do not necessarily want to move everything back to a traditional brokerage account simply to access traditional investments. They want onchain portfolios that can include both crypto assets and appropriately structured real-world investments. Protocol Wealth joined the Tokenized Asset Coalition to represent that perspective. We’re joining a strong cohort that includes Ascend, Control, @cryptio_co , the Digital Securities Initiative, the @EntEthAlliance, @eulerfinance, Lava, @OpenZeppelin, Overmatch Capital, @reserveprotocol and @trize_io. Tokenization will not reach its potential simply because an asset can be placed onchain. It will reach its potential when investors and their advisers can responsibly use it. We’re excited to help build that future. @Protocol_Wealth

I would say 95% chance Cignetti is the UT coach next season

Sark is a top 5 worst coach in the country. You can’t consistently have the best talent and not dominate

Honored to be a part of the @TACoalition, and alongside such important companies in this space. The next TRILLION won't come onchain by accident. It will take consolidated efforts from all parts of the financial system to bring the assets into the more efficient networks, and later find new opportunities for capital and investors. Let's go 🚀

So, either we're bad at evaluating talent and deciding where to spend money, or bad at coaching it. I think the Manning name on the back of the jersey is a problem. He isn't Peyton or Eli. He's closer to being Colt McCoy, which is fine. Needs to be able to move and run. We aren't using his legs. Trying to make him a pocket passer. Maybe Sark has some deal with Cooper and the Manning family that he isn't going to let Arch run too much so he doesn't get hurt. Or maybe Sark just thinks too highly of his own offensive design skills and can't augment to the talents of the guys he recruits. More running using that OL and talented backs. More QB options. Get Arch in space and let the athletic WRs get open and make plays. Defense is still top notch. Maybe given up 3 good drives all season. Muschamp has every right to go full code red on Sark.

Mack Brown won the living room battle, and then coached to the strengths of the best talent. Sark is winning the living room battle, but still thinks he needs to out coach the other team. You don’t need to get cute with the play calling when you have the better talent

Texas doing Texas things. Bad play calling and stupid penalties

So we got the running game going and got to the 5, then pass on 3rd and goal? Hmmm Typical Sark. Outthinking himself.