Polygon co-founder Sandeep Nailwal has expressed concerns about the potential risks associated with the integration of traditional finance and cryptocurrency. He highlighted that inexperienced participants might manage substantial amounts in Digital Asset Treasuries (DATs), which are anticipated to become prominent by 2025. Early DATs have been trading at a 25% to 30% discount to their net asset value, but prices are expected to align with spot prices as the market evolves. Currently, over 110 publicly listed companies hold a combined $137 billion in digital assets, with MicroStrategy leading the pack, holding 640,031 BTC valued at $71.9 billion. Nailwal attributes the risks to a lack of knowledge rather than malicious intent and foresees the development of more robust treasuries that incorporate decentralized finance (DeFi) solutions.