90M self-custodial accounts only matter if the routes can survive whitelisted liquidity, market-hour gaps, and premium/discount drift across venues. RWA tokens still trade like fragmented inventory: Ondo/Securitize-style yield products on one side, Backed/xStocks-style equities on another, each with different transfer rules and redemption paths. Enso’s job is less “best price swap” and more making tokenized TradFi feel composable without turning thin books into slippage traps.

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