TradFi advisers want stablecoins, tokenization over Bitcoin: Bitwise
Infrastructure
Bitwise Chief Investment Officer Matt Hougan reports that financial advisers are increasingly prioritizing stablecoins and tokenization over Bitcoin in current institutional discussions. After engaging with over 40 advisers, Hougan noted a distinct shift in curiosity toward real-world crypto applications that are actively reshaping capital markets and global payment systems. This trend emerges as Bitcoin faces downward pressure, trading at $62,500, while Wall Street leaders like Larry Fink and David Solomon continue to highlight the utility of tokenized assets. The potential for the SEC to permit tokenized stock trading is expected to further bolster investor confidence and institutional adoption. Companies such as Circle, Coinbase, and Figure, alongside blockchain networks like Ethereum, Solana, and Avalanche, are central to these evolving conversations. Hougan suggests that this institutional pivot toward practical blockchain use cases could serve as the catalyst for the next crypto bull market. By attracting a new class of professional investors, these technologies are positioning themselves as the primary drivers of future industry growth.
Key points
- ▸Advisers favor stablecoins and tokenization over Bitcoin for real-world capital market applications.
- ▸Circle's stock debuted at $31 in June 2025, peaking at $240 before closing at $79.
- ▸SEC may soon allow tokenized stock trading, potentially increasing traditional investor participation.
- ▸Ethereum, Solana, Canton, Chainlink, and Avalanche are key networks identified in institutional discussions.
Background
Stablecoins are digital assets typically pegged to fiat currencies like the U.S. dollar to provide price stability for transactions. Tokenization involves representing ownership of real-world assets, such as stocks or debt, as digital tokens on a blockchain to increase liquidity and efficiency.
Relevance
8/10