Duong pointed out that clearer rulebooks in the US and Europe are changing how big institutions handle crypto. The US has moved toward stablecoin oversight with the GENIUS Act, and Europe has pushed forward with MiCA.
Those moves are being used by firms to make operations ready for new products and to link crypto rails to payments and settlements. He said that better guardrails let firms design products that can be used by a broader set of clients.
Based on reports, crypto demand is no longer driven by a lone story or by only early adopters. Adoption figures have held steady, at 10% in Q1 2023 and close to 10% in Q1 2025, showing broad, steady interest across markets.
That mix of allocators and end users now includes corporate treasuries and long-term investors, which may reduce the rapid churn tied to short-term speculation. Some capital looks more strategic and may stay in place for longer.
Markets Respond With CapitalThe growth of stablecoins continues to be significant; their market capitalization is approximately $300 billion, but stablecoins still process trillions of dollars through full trading venues and DeFi.
Tokenized assets are smaller by comparison, with a market value above $1.2 billion, but analysts expect growth as institutions test blockchain-based ownership and fractional investing.
Tokenization And Corporate UseCorporations have started to experiment with digital asset treasuries and tokenized collateral. Those are being tested for use in lending, settlement, and as part of corporate balance sheets.
Outlook For 2026Duong summed up his view by stressing three things: clear policy, operational readiness, and useful products. According to him, when regulators set clearer rules, institutions build safer systems, and companies design products people can actually use, crypto can move from a niche market toward a more central role in finance.
Featured image from Chainalysis, chart from TradingView
