Recently, Europe caused a stir—Deutsche Börse and Nasdaq are under EU scrutiny for alleged monopolistic practices.

At first glance, it appears to be a routine antitrust investigation, but upon deeper reflection, it reveals a more fundamental issue: the infrastructure of traditional finance has become a choke point in capital flows.

These two exchanges control nearly all critical nodes in the Western markets—matching engines, clearing channels, data distribution. In simple terms, every transaction you make must pass through their systems for approval. How are prices set? How is liquidity allocated? It’s all decided by a few central nodes.

The EU’s action on the surface targets "abuse of market dominance," but in reality, it exposes a deeper truth: when control over the financial system becomes overly concentrated, the entire market loses its ability to evolve. The speed of capital movement is slowed down by these middle layers.

And this is precisely the problem that the crypto world has been trying to solve.

What is the core contradiction of traditional finance?
"Trust" must be concentrated in a single institution. You have to trust the bank, the exchange, the clearinghouse. Once this "trust anchor" fails, the entire chain collapses.

But what if trust is shifted from "institutions" to "algorithms"?

Hemi’s approach is aligned with this idea—replacing centralized channels with distributed architecture, using code logic instead of human decision-making. Liquidity is no longer allocated by a single entity but is automatically balanced through protocol layers; price discovery no longer depends on a single matching system but is verified in parallel across multiple nodes.

This is not merely a slogan of "decentralization," but a fundamental reengineering of how the financial system operates at its core. While traditional markets argue over "who controls the infrastructure," the next-generation financial architecture is already answering this question with a different paradigm:

No need for controllers; the system can self-balance.

Regulatory investigations are just surface phenomena; the real signal is—old financial pipelines are aging, and the market needs a new underlying layer.