The world’s largest digital asset-focused investment platform says institutional capital will initially target four blockchain networks as regulatory clarity improves.
In new a reportGrayscale says expected regulatory changes, including the Clarity Act aimed at establishing rules for classifying and regulating digital assets and guidance from the U.S. Securities and Exchange Commission (SEC), will likely lead to use cases like tokenized assets and decentralized finance (DeFi).
The company says the development will likely benefit leading token asset and decentralized finance chains, namely the leading smart contract platform Ethereum (ETH), the high-performance Solana (SOL) network, the Web3-focused decentralized blockchain chain BNB and the privacy-enabled Canton Network (CC).
“This rising tide may eventually lift all boats across the digital asset industry. But for now, this activity is dominated by a small number of blockchain networks, including Ethereum, Solana, BNP Chain, and Canton Network. In our view, institutional capital will target these networks first.”
Grayscale says many other blockchains should also benefit from regulatory clarity, including hybrid networks like Avalanche (AVAX), layer-2 Ethereum chains like Base and Arbitrum (ARB), niche blockchains like Hyperliquid (HYPE) and stablecoin-focused networks like Tron (TRX).
The company says that Bitcoin (BTC) will also likely benefit even though the largest blockchain network by market cap does not natively support smart contracts and has a limited layer 2 network ecosystem.
“They are also likely to benefit from regulatory clarity, in our view, as the safest assets in the industry and leading collateral.”
Follow us on X, Facebook and cable
Never miss a beat – Subscribe Get email alerts delivered directly to your inbox
browse Hodel’s daily mix
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should conduct due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated image: mid-flight
