According to Richard Teng, a unified licensing approach aligned with full-stack crypto platforms recognizes the convergence of trading, payments, lending, and custody under one roof. Source: Richard Teng on X Twitter, Aug 8, 2025, https://twitter.com/_RichardTeng/status/1953933116717797879 Teng states that this super-app license provides platforms with a clear compliance regime across these activities. Source: Richard Teng on X Twitter, Aug 8, 2025, https://twitter.com/_RichardTeng/status/1953933116717797879 This defines how integrated platforms offering trading, payments, lending, and custody can operate under a single license with clarified compliance expectations. Source: Richard Teng on X Twitter, Aug 8, 2025, https://twitter.com/_RichardTeng/status/1953933116717797879