We are convinced that a viable and regulated path lies ahead, one that enables us to optimize our service to clients and contribute positively to the broader cryptocurrency ecosystem. Our dedication to robust regulatory standards and controls is further underscored today, as we introduce fresh leadership and capabilities that pave the way for an innovative trajectory in the realm of regulated cryptocurrency.

Recent developments in the market have reaffirmed a principle we have upheld for a considerable period: the pivotal roles that security and regulation play in bolstering trust within the cryptocurrency economy. We are also acutely aware that regulatory variations and crucial bankruptcy safeguards vary among providers, aligning with our longstanding mission to provide the utmost protection for our clients. The consequences of these discrepancies in protective measures, controls, and oversight have a profound impact on the enduring ownership, security, administration, and accessibility of assets. Opting for a federal charter has been the cornerstone of our mission to safeguard our clients optimally, and we perceive the addition of these team members as the latest stride in our unwavering commitment to compliant, securely designed digital asset banking.