US Structural Shift: Regulatory Breakthroughs and Institutional Practices
In 2026, the United States is pushing forward the formation of a new capital market based on public blockchains through a series of regulatory breakthroughs and institutional practices. Key regulatory milestones include the advancement of the GENIUS Act and joint guidance from the SEC and CFTC, providing a clearer framework for digital asset securitization. At the same time, traditional financial giants such as J.P. Morgan and State Street have initiated real transactions on the Solana blockchain, validating the feasibility of public chains in core functions like settlement and clearing.
Strategic Window for Asian Institutions
Asian institutions are facing a strategic window: on one hand, they can learn from U.S. practical experiences; on the other hand, they need to follow up pragmatically in phases based on the maturity of local regulations. The article suggests that Asian institutions should closely monitor regulatory developments and prioritize participating in public chain infrastructure construction and asset tokenization pilots under compliant frameworks, so as to seize the structural opportunities in the evolving internet capital markets.