A counter-intuitive observation: Crypto's biggest innovation isn't decentralization. It's turning financial tools that used to belong only to the rich into tools everyone can use. BTC → anyone can hold digital gold Uniswap → anyone can be a market maker Aave → anyone can lend and borrow But one area hasn't been cracked: Private markets. The most valuable companies in the world — SpaceX, OpenAI, Stripe — are all private. Retail can't even get to the door. DeFi's next big narrative isn't more chains or more L2s. It's putting the $100 retail investor and the $1M institution in the same market. That's what PIPO is building.