U.S. Structural Shift: Regulatory Breakthroughs and Institutional Practices
In 2026, the United States is shaping a new form of capital market built on public blockchains. Key regulatory milestones include the GENIUS Act providing a legal framework for digital asset securitization, and joint guidance from the SEC and CFTC clarifying compliance pathways for on-chain asset trading. On the institutional side, major players like J.P. Morgan and State Street have conducted real transactions on the Solana blockchain, demonstrating the advantages of speed, cost, and transparency. These practices lay the foundation for migrating traditional financial assets onto public chains.
Strategic Window for Asian Institutions
Asian institutions are presented with a critical strategic window. The U.S. has set a benchmark with its regulatory clarity and institutional experiments, yet Asian markets offer unique regulatory flexibility and innovation potential. Institutions should follow a phased, pragmatic approach based on local regulatory maturity: first establish compliance frameworks, then gradually participate in public-chain asset issuance and trading. Avoiding both premature moves and prolonged hesitation, Asian players can secure a significant role in the next generation of capital markets.