Key Takeaways
- • The World Economic Forum projects 2026 as a defining year for digital assets, with regulatory clarity, enterprise-grade blockchain deployment and interoperability converging to move the sector from experimentation toward financial market infrastructure.
- • Roughly 92% (about $24 trillion) of 2024 stablecoin transaction value was linked to crypto trading and on/off-ramping, indicating that most stablecoin usage remains crypto-native.
- • BlackRock's Larry Fink and Rob Goldstein argue tokenization can greatly expand investable assets beyond listed stocks and bonds, with funds, bonds, real estate and carbon credits all poised to move on-chain.
- • JPMorgan has issued its USD deposit token, JPM Coin, on a public blockchain, and Citi has integrated Citi Token Services with 24/7 USD clearing for cross-border payments and liquidity management.
- • The WEF urges investors and asset managers to explore tokenized assets, while calling on policymakers to provide regulatory clarity, and cites the proposed US Clarity Act on digital asset market structure.
Summary
On regulation, the WEF cites Singapore and the UAE as early movers, and notes that in the past year new stablecoin rules emerged in Hong Kong, Europe and the United States. It credits the GENIUS Act with prompting more jurisdictions to accelerate their own rules, and says several jurisdictions are expected to issue further guidance in the coming year. In the US, a proposed Clarity Act focused on digital asset market structure is cited as a key pending item.
Stablecoins are described as a growing bridge between fiat and decentralized systems. The WEF reports that 2024 total stablecoin transaction value grew significantly, but that roughly 92% ($24 trillion) was linked to crypto trading and on/off-ramping. The report notes that institutions continue to explore CBDCs and deposit tokens, with different digital payment forms likely to coexist for different use cases.
Tokenization is identified as the leading trend entering 2026. Citing BlackRock's Larry Fink and Rob Goldstein, the WEF quotes their view that tokenization "can greatly expand the world of investable assets beyond the listed stocks and bonds that dominate markets today." The article says blockchain enables fractional, programmable and tradable representations of assets, offering liquidity, transparency and efficiency, and that funds, bonds, real estate and carbon credits are poised to move on-chain. It also points to growing convergence between TradFi and DeFi, with JPMorgan's JPM Coin deposit token on a public blockchain and Citi's Token Services offering 24/7 USD clearing for real-time cross-border payments as examples.
The WEF concludes that 2026 is pivotal for scaling digital asset solutions responsibly and lists priorities including interoperability across public, private and permissioned chains, global regulatory coordination, and public-private cooperation. It advises investors and asset managers to explore how tokenized assets could change the investment process or create new investible assets. The views expressed are those of the author and not the WEF.
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