Wall Street is increasingly integrating blockchain technology into its operations, prompting investors to focus on tokens linked to tangible business growth. On October 8, Securitize launched blockchain-based trading for 12 US stocks, including Apple and Nvidia, with assets initially trading on the Solana network.
JPMorgan reported in September that its Kinexys blockchain platform processes approximately $7 billion in daily transactions. Scott Lawin, president of Pantera Capital, notes that the industry is shifting toward sustainable adoption, revenue generation, and scale rather than speculative growth.
Pantera Capital has partnered with S&P Dow Jones Indices to develop a framework for evaluating crypto projects. The S&P Pantera Digital Asset Index, introduced in July, requires eligible projects to demonstrate positive total revenue over the two most recent completed quarters.
Regulatory developments continue to shape the sector. On October 5, the CFTC proposed a federal framework for exchanges providing leveraged digital-asset trading. This follows the Senate's decision not to advance the CLARITY Act, leaving broader oversight questions unresolved for now.
Lawin anticipates that companies seeking institutional capital will face heightened scrutiny regarding their performance over the next year. The focus remains on proving that blockchain technology can deliver faster, cheaper, and more efficient operations that generate real revenue.
