Some context on FDIC / FSCS insurance: These protections are often misunderstood. They don’t cover fraud, scams, or investment losses. They exist to protect you if the bank itself goes insolvent because banks operate on fractional reserves. When you deposit $1,000, the bank doesn’t hold $1,000. It lends most of it out, keeps a small fraction in reserve, and trusts the system to stay liquid. That’s why regulators enforce strict limits and backstop deposits with insurance schemes like FDIC or FSCS. But with Ready, there is no fractional reserve. Your assets aren’t sitting on someone else’s balance sheet. They’re under your control. So the entire reason for FDIC/FSCS protecting against bank insolvency, doesn’t apply. No bank = no insolvency risk. Of course, Ready/self-custody doesn’t make you immune to everything. Fraud can still happen. Investments can still lose value. Protocols can fail. But those are different risks and they’ve never been what FDIC/FSCS were designed to cover. Ready is a new model, for new money.