Operator
Good day, and thank you for standing by. Welcome to Antalpha’s Second Quarter 2026 Earnings Conference Call. Today’s call is being recorded. [Operator Instructions] I’d now like to turn the call over to Chris Mammone, Managing Director of the Blueshirt Group and representative for Antalpha’s Investor Relations team. Mr. Mammone, please go ahead.
Christopher Mammone
The Blueshirt Group, LLC
Thank you, operator, and welcome, everyone, to today’s call. Joining me today is Paul Liang, Antalpha’s Chief Financial Officer. Please note the following. First, all year-over-year comparisons in today’s call are for Q2 2026 versus Q2 2025, unless otherwise stated. Second, consolidated financial statements, including Aurelion, began from Q4 2025. As such, Q2 2025 comparative figures reflect Antalpha’s stand-alone results. Third, our remarks today will include forward-looking statements based on current expectations. These statements involve risks and uncertainties that could cause actual results to differ materially.
For a discussion of these risks, please refer to Antalpha’s filings with the SEC. We do not undertake any obligation to update forward-looking statements, except as required by law. This call also contains references to unaudited non-GAAP financial measures. Reconciliations to the most comparable GAAP measures can be found in our press release and SEC filings.
Now I’ll turn the call over to Paul Liang, who will provide the Q2 operating and strategic overview as well as the financial highlights and outlook. Paul, please go ahead.
Guanning Liang
CFO & Director
Thank you, Chris, and good day, everyone. Thank you for joining us today. The

