[Franklin Templeton Executive: Liquidity of Crypto Assets is Significantly Increasing Institutional Appeal] Seth Ginns, Head of Digital Assets at Franklin Templeton, shared his views on the integration of traditional finance and decentralized finance: 'I believe venture capital is the most attractive to institutional investors because it belongs to an asset class that institutions are already accustomed to allocating. Other areas, such as private credit, may also hold appeal for institutional investors. But to be honest, considering the macroeconomic environment and the recent pullback in cryptocurrency prices, I think the appeal of liquid crypto assets is currently increasing significantly. Looking at the long-term trend of the integration between traditional finance and the crypto industry, the inflection point where the two converge is unprecedented in its intensity.'