Internet Capital Market 2026: U.S. Structural Shift and Asia’s Strategic Window

In 2026, the U.S. is undergoing a structural transformation in internet capital markets. On the regulatory front, the GENIUS Act and joint SEC/CFTC guidance have cleared the path for tokenized asset securities based on public blockchains. Institutionally, major financial firms such as J.P. Morgan and State Street have already executed real trades on the Solana blockchain, validating the feasibility of public chains as capital market infrastructure. This trend marks the emergence of a new type of capital market built on decentralized ledgers, with far-reaching implications for traditional finance. Meanwhile, Asian institutions are presented with a critical strategic window. However, they must proceed in a pragmatic, phased manner according to local regulatory maturity, avoiding hasty adoption. Overall, the 2026 internet capital market is expected to be led by the U.S., with Asia playing a catching-up role.