Arjun Sethi of Kraken has articulated a comprehensive vision for a 24/7 global capital market, emphasizing the pivotal role of emerging markets. In a recent discussion on Bits and Bips, Sethi highlighted Kraken's significant investment in mergers and acquisitions, totaling $2.75 billion over the past year. He also addressed the challenges and opportunities in the crypto space, including the dominance of derivatives, which account for 95% of crypto volume, and the potential for 24/7 crypto rails to disrupt traditional IPO processes. Sethi also discussed the target customers for tokenized equities, noting that institutions are not the primary buyers. He shared insights into Kraken's strategic direction for the next three years and expressed concerns about potential issues in the crypto industry. Additionally, Sethi commented on the SEC's pause on tokenized equity rules and the broader implications of decentralization, as highlighted by Pope Leo's mention of crypto in his AI encyclical.