Key Takeaways
- • Securitize announced blockchain-based trading in 12 US stocks, including Apple and Nvidia, on October 8; the products are backed by underlying shares and initially trade on Solana, with round-the-clock trading still a future ambition.
- • JPMorgan reported in September that its Kinexys blockchain business processes approximately $7 billion in transactions daily.
- • Pantera Capital president Scott Lawin argues institutions will need a framework to evaluate tokens as businesses with real customers, volumes and revenue, a view tied to Pantera's partnership with S&P Dow Jones Indices.
- • The S&P Pantera Digital Asset Index, announced in July, requires eligible blockchain projects to show positive total revenue over the previous two completed quarters, but its methodology makes no claims about investor returns or cash flows.
- • On October 5, the CFTC proposed a federal framework for exchanges offering leveraged digital-asset trading after the Senate failed to advance the CLARITY Act, leaving broader crypto oversight unresolved.
Summary
Wall Street is building more of its business on blockchain, and crypto investors increasingly face the question of which tokens provide a meaningful stake in that growth. According to the BeInCrypto feature, Securitize announced on October 8 blockchain-based trading in 12 US stocks, including Apple and Nvidia. The products are backed by underlying shares and initially trade on Solana, while round-the-clock trading remains a future goal. JPMorgan reported in September that its Kinexys blockchain business processes approximately $7 billion in transactions daily.
Pantera Capital president Scott Lawin described this shift as the "somewhat less exciting but more sustainable part of the blockchain story," emphasizing real adoption, revenues and scale over price speculation. He expects institutions to become customers of crypto firms that improve their operations, and says some of those suppliers could eventually become acquisition targets. He stressed that institutional adoption happens gradually.
Lawin argues that institutions need a way to assess the businesses behind tokens. Pantera has a commercial interest in developing that approach through its partnership with S&P Dow Jones Indices. The S&P Pantera Digital Asset Index, announced in July, requires blockchain projects behind eligible tokens to have positive total revenue over the previous two completed quarters. The index methodology notes that revenue demonstrates economic activity but makes no assumptions about investor returns or cash flows. The article notes that revenue alone does not establish whether a token is worth its price, and that the mechanism linking business income to token holders also matters.
Regulation remains unsettled. On October 5, the CFTC proposed a federal framework for exchanges offering leveraged digital-asset trading, following the Senate's failure to advance the CLARITY Act. The proposal does not resolve broader oversight across crypto markets. Lawin said he would welcome codification into law but expects regulators to act appropriately. He expects businesses seeking institutional capital to face closer scrutiny of performance over the coming year, arguing the sector must keep proving the technology can generate revenue.
Pantera Capital president Scott Lawin described this shift as the "somewhat less exciting but more sustainable part of the blockchain story," emphasizing real adoption, revenues and scale over price speculation. He expects institutions to become customers of crypto firms that improve their operations, and says some of those suppliers could eventually become acquisition targets. He stressed that institutional adoption happens gradually.
Lawin argues that institutions need a way to assess the businesses behind tokens. Pantera has a commercial interest in developing that approach through its partnership with S&P Dow Jones Indices. The S&P Pantera Digital Asset Index, announced in July, requires blockchain projects behind eligible tokens to have positive total revenue over the previous two completed quarters. The index methodology notes that revenue demonstrates economic activity but makes no assumptions about investor returns or cash flows. The article notes that revenue alone does not establish whether a token is worth its price, and that the mechanism linking business income to token holders also matters.
Regulation remains unsettled. On October 5, the CFTC proposed a federal framework for exchanges offering leveraged digital-asset trading, following the Senate's failure to advance the CLARITY Act. The proposal does not resolve broader oversight across crypto markets. Lawin said he would welcome codification into law but expects regulators to act appropriately. He expects businesses seeking institutional capital to face closer scrutiny of performance over the coming year, arguing the sector must keep proving the technology can generate revenue.
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