While Bitcoin prices continue to trend downward and retail investors rush to sell in panic, major Wall Street financial institutions are accelerating their accumulation of crypto financial infrastructure. This stark contrast highlights institutional capital's focus on long-term infrastructure ownership rather than short-term price movements.
Key moves include: asset management giant Invesco has filed to launch a tokenized fund; crypto exchange Kraken is reportedly in talks to acquire lending protocol Aave; stablecoin issuer Circle has partnered with Japan's Nomura Securities to advance stablecoin cross-border settlement services; and Japanese financial group SBI has acquired exchange Bitbank with the goal of building a full-stack crypto financial group.
Analysts note that these initiatives are driven by regulatory clarity and technological maturity, not by cryptocurrency price volatility. The ownership of crypto infrastructure is systematically shifting from native crypto users and startup teams to traditional financial giants—a trend that could profoundly reshape the industry landscape.