The Role of Tokenization in Private Equity

There are different mechanisms that are being developed to make this simpler for us as individuals. I think even at a $10,000 ticket is more set up to be a channel based distribution. And I think it's actually a direct consumer yet, but it may come over time subject to the regulatory ability to do it. If eventually this technology allows much more of a direct to consumer engagement, then that's very profitable for the providers of the solution to try and acquire the customers directly.