Why institutional crypto stacks now hinge on portfolio telemetry and CEX–DEX bridges

So I was thinking about how institutional crypto tooling has quietly become the backbone of fast-moving desks. Whoa! My instinct said this would be boring, but actually the tooling is interesting in weird ways. Initially I thought that only exchanges mattered, but then I dug into custody APIs, real-time P&L feeds, and cross-chain liquidity and…