In 2026, global internet capital markets are undergoing a profound structural transformation, driven by US regulatory advances and institutional adoption. The GENIUS Act and joint SEC/CFTC guidance provide policy support for public blockchains to serve as a new capital market infrastructure. Major institutions like J.P. Morgan and State Street have conducted live transactions on Solana, demonstrating blockchain's advantages in settlement speed, transparency, and cost efficiency.
Strategic Window for Asian Institutions
For Asian institutions, this represents a critical window of opportunity. Given varying regulatory maturity across jurisdictions (e.g., Singapore's stablecoin framework, Hong Kong's evolving virtual asset licensing), firms should adopt a phased approach: first, compliant pilot projects (e.g., RWA tokenization); second, asset class expansion; and finally, cross-chain liquidity integration. Institutions that delay risk marginalization in the next competitive cycle.