0:53:07 Dave @DCBK2LA: Yeah. And and and, Jacob, I'll ask you this because, like, I was in Singapore, right, at token twenty forty nine. And, like, you know, I I I was asked to work, like, a booth, like, for for stacks, and this was at, like, a Babylon staking event that was there. And I just remember talking to a lot of, like like, some of these huge, like, Bitcoin miners, like, Amp Pool and a bunch of these others were like, hey, man…

0:54:10 Jacob Phillips @JacobPPhillips: Yeah. Definitely. So, the people who are using Lombard right now, it's a it's a mix of people, for sure. The term institution in crypto is used a little bit too broadly. To break it down a little bit, I would say Lombard has cracked the code on crypto native and crypto adjacent institutions. A lot of, you know, family offices who have done, you know, e staking before who are now interested in Bitcoin staking. Same…

0:56:07 Dave @DCBK2LA: Loba... Yeah. Tell me, like, LBTC. Like like, what am I doing? Right? Because, like, all I know right now, like, on the on the on the l two side is SBTC. Right? So tell me a little bit about, like, LBTC. Yeah. Please.