Post-GENIUS Act era: New entrants, incumbents, and dinosaurs

The latest a16z crypto report highlights how some of the world’s largest financial institutions are no longer spectators. From BlackRock’s tokenized money-market fund to Visa’s tokenized asset platform and Fidelity’s stablecoin pilot, the shift is now structural, not experimental. It echoes what we’ve been seeing in our own research: institutional participation isn’t about speculation anymore, it’s about integration. We’re excited for what’s next as this momentum compounds.

Crossover Markets has achieved a new milestone — its institutional crypto ECN, CROSSx, recorded $4.96 billion in trading volume and 1.39 million trades in October 2025, marking its highest monthly performance yet. Nearly 100 institutional participants are now live on CROSSx, utilizing more than 1,200 FIX sessions, demonstrating the platform’s growing role in digital asset market structure. Powered by one of the fastest matching engines in crypto, CROSSx delivers execution in single-digit microseconds with 100% uptime, setting a benchmark for institutional-grade trading. CEO Brandon Mulvihill emphasized the firm’s technology-driven model that eliminates market impact and enhances transparency — a core advantage as Crossover expands into the US and Asia, connecting a truly global liquidity pool. #CrossoverMarkets #CROSSx #CryptoTrading #DigitalAssets #InstitutionalCrypto #TradingTechnology #CryptoNews #Liquidity #Fintech #MarketStructure #BlockchainInnovation

🎬 NEW EPISODE 🎬 Matthew Homer, Founder and General Partner of The Venture Dept., joins Will Beeson, CFA, to discuss: •⁠ ⁠How the GENIUS Act turned stablecoins from a regulatory grey zone into federally recognized money infrastructure. •⁠ ⁠Why the next crypto cycle is being driven by institutions — not speculation — as banks, asset managers, and fintechs go on-chain. •⁠ ⁠What rulemaking really means: how laws become market structure, and why founders who engage early will shape the next decade. •⁠ ⁠How the $10B state vs. federal line could define the next generation of stablecoin issuers — and competition among regulators. •⁠ ⁠Why corporate treasurers are the next frontier, and how instant settlement and programmable liquidity are turning “internet money” into enterprise finance. #Stablecoins #Tokenization #DigitalAssets #Fintech #CryptoInfrastructure #RegTech #InstitutionalCrypto #BlockchainFinance #GeniusAct #FinancialInnovation

A few weeks ago, Swift’s Eras Tour film release reportedly boosted local economies more than some IPOs did this year. Fans treated tickets like scarce commodities — trading, reselling, tokenizing (unofficially) — and building micro-economies around access and ownership. Sound familiar? That’s the world digital assets are formalizing — the tokenization of value and community across every industry. 💡 Here’s what’s coming next for finance: Tokenized securities will blur lines between public and private markets. Liquidity won’t be a luxury — it’ll be programmable. Stablecoins will become the plumbing of global payments, with regulated rails tying crypto to traditional FX. Digital identity & custody will evolve faster than compliance teams can hire — which means firms that experiment responsibly will win. And AI-driven risk & compliance tools will power the next generation of regulated exchanges and settlement networks. We’re still early — like the internet in 1997 — but the financial community can’t sit on the sidelines. Just like Swifties built value through community and scarcity, digital assets are building trust through transparency and technology. The real question for financial leaders isn’t if this transformation happens… It’s whether your firm is ready to play the new tune or still humming the old one. 🎸💰 #DigitalAssets #Fintech #CapitalMarkets #Blockchain #Tokenization #FutureOfFinance

RWA tokenization isn’t the “next big crypto narrative”; it's the next financial infrastructure. Billions in real-world assets are already moving on-chain: 🏛️ U.S. Treasuries 🏢 Real estate 💳 Private credit 📈 Equities 🌱 Carbon markets 🥇 Gold & commodities This shift isn’t driven by retail hype; it's driven by institutions and regulators preparing for a programmable financial system. What changes now? 24/7 global settlement Fractional investment access Instant yield distribution Audit-able, transparent ownership TradFi + DeFi rails merging We're watching capital markets modernize in real time, and the countries leading this (UAE, Singapore, US, EU) will define the future of global finance. This isn’t DeFi summer. It’s Finance 3.0 being built quietly, and much faster than most people think. 🧠 I recently published a full breakdown with: RWA sectors & examples Key tokens & infrastructures Regulatory outlook (UAE + global) Adoption map & future catalysts Investor frameworks & risk notes If you'd like to understand the next trillion-dollar wave, here’s the full deep-dive 👇 📎 Comment "RWA" and I’ll DM you the full guide. #RWATokenization #Tokenization #DigitalAssets #OnChainFinance #Web3 #BlockchainTechnology #InstitutionalCrypto #FinTech #UAEWEB3 #UAECryptocommunity

Coinbase responded to claims that stablecoins threaten US banks by pointing out that 66% of stablecoin transfers occur on DeFi platforms. A key driver is international users in emerging markets. While emerging markets may be leading the way in stablecoin adoption, this trend is also happening in more mature markets. The growth in emerging markets should prompt reflection on their future. These markets are not going to be emerging forever. It's crucial to consider the implications as they evolve. #Stablecoins #DeFi #EmergingMarkets #FinTech #DigitalAssets

TradFi’s love for crypto is becoming unmistakably vibrant: Over half of global hedge funds are now invested in digital assets, and allocations keep rising! A new global survey reveals that over half of all hedge funds now hold digital assets — a milestone that marks one of the most significant capital and cultural shifts in modern finance. This is more than merely an exposure for the sake of diversification. It’s a statement: Crypto is evolving from a fringe alternative to a core institutional strategy. As allocations rise, we’re watching: 🔹 Market structure deepen — more liquidity, better price discovery 🔹 Infrastructure mature — custodians, risk systems, and tokenization rails scaling up 🔹 Confidence solidify — from cautious curiosity to strategic conviction Yes, volatility persists. But capital — especially institutional capital — doesn’t flow where conviction is absent. If hedge funds are leaning in, it’s a signal: the architecture of tomorrow’s financial system is being built now. #DigitalAssets #InstitutionalAdoption #CryptoMarkets #HedgeFunds #Tokenization Reuters: https://lnkd.in/gBuh_WZY

The crypto industry has long faced criticism. It is often viewed as speculative, volatile, and lacking in reliable fundamentals. Are these criticisms a reflection of reality? In some cases, yes, but they may also simply reflect the ‘growing pains’ of a disruptive market

On October 10, crypto markets experienced one of the fastest and most destructive liquidation cascades in history, with $9.89 billion erased in 14 hours and 70% of the losses in just 40 minutes. What began as a macro-driven selloff turned into a full-scale system failure as leverage, liquidity, and market structure all broke simultaneously. Amberdata’s latest analysis reconstructs the event across seven layers of market microstructure to reveal how a modern crypto market can unravel in minutes. Read the full report 🔗 https://hubs.ly/Q03Q_QW-0