U.S. Regulatory Breakthroughs and Institutional Practices
In 2026, the United States is driving a structural transformation of internet capital markets through a series of regulatory breakthroughs. The advancement of the GENIUS Act and the joint guidance from the SEC and CFTC provide a legal framework for the securitization of blockchain-based assets. Meanwhile, Wall Street giants such as J.P. Morgan and State Street have executed real transactions on the Solana blockchain, validating the efficiency of public chains in settlement, clearing, and asset custody. These practices mark the evolution of a new public blockchain-based capital market from concept to reality.
Strategic Window for Asian Institutions
For Asian institutions, the current period represents a strategic window. On one hand, the first-mover advantage of the U.S. market may accelerate the flow of global capital toward compliant public chain ecosystems. On the other hand, regulatory maturity varies significantly across Asia. The article suggests that Asian institutions should follow local regulatory progress and engage in phased steps including public chain infrastructure investment, regulatory sandbox testing, and cross-border collaboration, avoiding blind following or excessive delays.