Morgan Creek Digital made a strategic bet early on, backing what would become one of crypto's most important compliant platforms during its pre-listing phase. The firm didn't just chase hype—they recognized the infrastructure play when most were still figuring out what blockchain actually meant. Their thesis? Digital assets needed serious players with real regulatory credibility. Beyond this particular investment, Morgan Creek's playbook centers on the unglamorous but essential stuff: blockchain infrastructure, the tooling layer, and whatever actually moves the Web3 needle forward. It's the difference between owning a hot token and owning a piece of the plumbing that makes everything work.