According to @jayantramanand, in 2019 regulated funds struggled to meet custody requirements for on-chain assets under traditional rules, and by 2021 he helped structure a staking fund on a 2-and-20 model because institutions needed help accessing crypto yields amid complex infrastructure. Source: @jayantramanand on X, Nov 11, 2025. He states that by 2025 institutions directly self-custody crypto and major banks offer crypto custody, with a transition that took a decade in online stock trading occurring in crypto within five years. Source: @jayantramanand on X, Nov 11, 2025. He adds that the top 10 asset managers now control 34% of global AUM, up from 26% twenty years ago, highlighting accelerating consolidation that can trap strong managers geographically. Source: @jayantramanand on X, Nov 11, 2025. He cites a credit fund manager with consistent 18% returns who cannot serve clients outside their home market without heavy infrastructure spend, framing the constraint as distribution pipes rather than performance. Source: @jayantramanand on X, Nov 11, 2025. He proposes tokenizing fund expertise so the same strategies, under the same compliance, become globally accessible with minimums dropping from $100k to $1k and the ability to serve markets like Singapore from Mumbai without opening offices. Source: @jayantramanand on X, Nov 11, 2025. He concludes that institutional-grade blockchain rails now exist to make any fund globally accessible, and the remaining gap is whether mindsets evolve as fast as the technology. Source: @jayantramanand on X, Nov 11, 2025.