Wall Street is moving onchain - migrating to a parallel financial system where anything of value moves at the speed of the internet.  Last month, Congress passed the GENIUS Act, providing institutional legitimacy for the +$257 billion stablecoin market and regulatory clarity for payment stablecoins issued in the United States.  Fundstrat Global Advisors’ Tom Lee refers to stablecoins as the “ChatGPT moment for crypto". One of the first products in the sector with mainstream utility. The GENIUS Act is the first step towards mass adoption of tokenized capital markets.  Tokenization involves the conversion of assets, such as commodities and intellectual property, into digital tokens on the blockchain - enabling instantaneous settlement and 24/7 price discovery.

Last month, tokenized equities broke into the mainstream with announcements by Backed and Robinhood.  Swiss issuer, Backed released xStocks a suite of tokenized U.S. stocks and ETFs offered by Kraken and Bybit for eligible non-U.S. clients.  The digital tokens are issued on Solana as collateralized representations of shares held in custody, transferable to self-custodial wallets for 24/7 trading, and usage in Decentralized Finance (DeFi) applications including Raydium, Jupiter, and Kamino.

Robinhood launched +200 U.S. stock and ETF tokens on Arbitrum for European clients.  The ‘stock tokens’ are derivatives, tokenized contracts intended to follow the price of a given asset. Robinhood plans on following in Coinbase’s footsteps with ‘Base’ by eventually moving operations to their own Layer-2 on Arbitrum Orbit to support 24/7 trading and self-custody.  Embracing the “TradFi in the front, DeFi in the back” distribution strategy where companies deliver the simplicity of a user-friendly mobile application powered by DeFi in the backend. Ensuring consumers receive the benefits of blockchain without the complexity.  Blurring the distinction between TradFi and DeFi.

This convergence of TradFi and DeFi is helping to drive financial inclusion in developing countries while democratizing access to financial markets – giving world citizens such as Europeans exposure to U.S. equities.  If the success of stablecoins are any indication, the future of Wall Street is onchain with tokenized stocks witnessing mass adoption. Stablecoins are a +$257 billion market with transaction value reaching $15.6 Trillion in 2024, surpassing AMEX, Mastercard, and Visa.

Tether, issuer of the world’s largest payment stablecoin by market capitalization, exceeded $13 billion in profits for 2024 and $5.7 billion in the first six months of 2025. All while employing fewer than 200 people. The strategy, convert cash from customers purchasing USDT into U.S. Treasuries, and earn yield.  Tether was the seventh largest buyer of U.S. Treasuries in 2024, while BRICS countries such as Brazil, China, and India reduced their holdings.  Stablecoins serve to unlock new business models for Wall Street.  Enabling the U.S. government to export U.S. debt worldwide while slowing down the trend of de-dollarization from nations reducing their dependence on the U.S. Dollar.  Stablecoins decentralize the owners of U.S. debt from sovereign nations to individuals worldwide.

Despite Circle (USDC) and Tether (USDT) comprising the majority of market share for stablecoins – the largest financial institutions plan to remain competitive and move onchain.  JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the formulation of a joint stablecoin. JPMorgan is no stranger to blockchain – with their Kinexys Digital Payments platform exceeding $1.5 trillion in notional value and processing an average of +$2 billion daily in transaction volume.  Back in May 2025, JPMorgan crossed the Rubicon, exchanging USD deposits for Ondo’s Short-Term U.S. Treasuries Fund (OUSG), between the Kinexys permissioned blockchain network and the Ondo Chain Testnet, a public Layer-1 network purpose-built for RWAs.

The convergence of TradFi with blockchain technology represents one of the most significant shifts in the global financial landscape since the advent of electronic trading. Tokenization of capital markets is no longer a distant possibility - it's happening now. As Wall Street continues to move onchain and the shroud of regulatory mystery begins to dissipate worldwide, blockchain and digital assets are proving themselves as the backbone of the new internet. It's no longer practical to dismiss the sector. Companies that fail to adapt risk being left behind in an increasingly digital economy where speed, transparency, and programmability are becoming table stakes rather than competitive advantages. The time for passive observation has passed. Businesses must start asking themselves - What is your stablecoin strategy in 2025?

Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, or tax advice. Information is strictly educational and not an endorsement or solicitation to buy or sell any assets or to participate in any investment or trading strategy. No representation or warranty is made, express or implied, as to the accuracy and completeness of the information. Links to third-party websites in the material do not imply endorsement. Please consult with your own accountant, attorney, investment or other certified professional advisor in relation to any investment decision.

Wall Street is moving onchain - migrating to a parallel financial system where anything of value moves at the speed of the internet.  Last month, Congress passed the GENIUS Act, providing institutional legitimacy for the +$257 billion stablecoin market and regulatory clarity for payment stablecoins issued in the United States.  Fundstrat Global Advisors’ Tom Lee refers to stablecoins as the “ChatGPT moment for crypto". One of the first products in the sector with mainstream utility. The GENIUS Act is the first step towards mass adoption of tokenized capital markets.  Tokenization involves the conversion of assets, such as commodities and intellectual property, into digital tokens on the blockchain - enabling instantaneous settlement and 24/7 price discovery.

Last month, tokenized equities broke into the mainstream with announcements by Backed and Robinhood.  Swiss issuer, Backed released xStocks a suite of tokenized U.S. stocks and ETFs offered by Kraken and Bybit for eligible non-U.S. clients.  The digital tokens are issued on Solana as collateralized representations of shares held in custody, transferable to self-custodial wallets for 24/7 trading, and usage in Decentralized Finance (DeFi) applications including Raydium, Jupiter, and Kamino.

Robinhood launched +200 U.S. stock and ETF tokens on Arbitrum for European clients.  The ‘stock tokens’ are derivatives, tokenized contracts intended to follow the price of a given asset. Robinhood plans on following in Coinbase’s footsteps with ‘Base’ by eventually moving operations to their own Layer-2 on Arbitrum Orbit to support 24/7 trading and self-custody.  Embracing the “TradFi in the front, DeFi in the back” distribution strategy where companies deliver the simplicity of a user-friendly mobile application powered by DeFi in the backend. Ensuring consumers receive the benefits of blockchain without the complexity.  Blurring the distinction between TradFi and DeFi.

This convergence of TradFi and DeFi is helping to drive financial inclusion in developing countries while democratizing access to financial markets – giving world citizens such as Europeans exposure to U.S. equities.  If the success of stablecoins are any indication, the future of Wall Street is onchain with tokenized stocks witnessing mass adoption. Stablecoins are a +$257 billion market with transaction value reaching $15.6 Trillion in 2024, surpassing AMEX, Mastercard, and Visa.

Tether, issuer of the world’s largest payment stablecoin by market capitalization, exceeded $13 billion in profits for 2024 and $5.7 billion in the first six months of 2025. All while employing fewer than 200 people. The strategy, convert cash from customers purchasing USDT into U.S. Treasuries, and earn yield.  Tether was the seventh largest buyer of U.S. Treasuries in 2024, while BRICS countries such as Brazil, China, and India reduced their holdings.  Stablecoins serve to unlock new business models for Wall Street.  Enabling the U.S. government to export U.S. debt worldwide while slowing down the trend of de-dollarization from nations reducing their dependence on the U.S. Dollar.  Stablecoins decentralize the owners of U.S. debt from sovereign nations to individuals worldwide.

Despite Circle (USDC) and Tether (USDT) comprising the majority of market share for stablecoins – the largest financial institutions plan to remain competitive and move onchain.  JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring the formulation of a joint stablecoin. JPMorgan is no stranger to blockchain – with their Kinexys Digital Payments platform exceeding $1.5 trillion in notional value and processing an average of +$2 billion daily in transaction volume.  Back in May 2025, JPMorgan crossed the Rubicon, exchanging USD deposits for Ondo’s Short-Term U.S. Treasuries Fund (OUSG), between the Kinexys permissioned blockchain network and the Ondo Chain Testnet, a public Layer-1 network purpose-built for RWAs.

The convergence of TradFi with blockchain technology represents one of the most significant shifts in the global financial landscape since the advent of electronic trading. Tokenization of capital markets is no longer a distant possibility - it's happening now. As Wall Street continues to move onchain and the shroud of regulatory mystery begins to dissipate worldwide, blockchain and digital assets are proving themselves as the backbone of the new internet. It's no longer practical to dismiss the sector. Companies that fail to adapt risk being left behind in an increasingly digital economy where speed, transparency, and programmability are becoming table stakes rather than competitive advantages. The time for passive observation has passed. Businesses must start asking themselves - What is your stablecoin strategy in 2025?

Disclaimer: This material is for informational purposes only and not intended to provide financial, investment, legal, or tax advice. Information is strictly educational and not an endorsement or solicitation to buy or sell any assets or to participate in any investment or trading strategy. No representation or warranty is made, express or implied, as to the accuracy and completeness of the information. Links to third-party websites in the material do not imply endorsement. Please consult with your own accountant, attorney, investment or other certified professional advisor in relation to any investment decision.