In 2026, the internet capital market is undergoing a structural transformation. The United States has achieved regulatory breakthroughs through the advancement of the GENIUS Act and joint guidance from the SEC and CFTC, clearing the path for public blockchain infrastructure to integrate with mainstream capital markets. At the same time, institutional practices are accelerating—Wall Street giants such as J.P. Morgan and State Street have begun conducting real transactions on the Solana blockchain, signaling the emergence of a new public-chain-based capital market.
For Asian institutions, this represents a strategic window of opportunity. However, regulatory maturity varies widely across the region. Institutions need to phase their engagement according to local regulatory readiness, adopting a pragmatic approach rather than blindly following the trend. This structural shift is set to reshape the global capital market landscape in the years ahead.