As regulatory certainty improves, the world’s biggest digital assets-focused investment platform has announced that institutional capital will first target four Blockchain networks.
The new reportGrayscale states that expected regulatory changes will drive the use of tokenized assets and Decentralized Finance (DeFi). These include the Clarity Act, which aims to create rules and regulations for digital assets.
According to the firm, the new development is likely to benefit leading blockchains for tokenized assets (and DeFi), namely Ethereum (ETH), Solana(SOL), Web3 focused decentralized BNB Chain (and the privacy enabled Canton Network).
“This rising tide could eventually lift all boats across the digital assets industry. But for the time being, a small number of blockchains dominate this activity, including Ethereum, Solana, BNB Chain, and Canton Network. Institutional capital will target these networks first, in our view.”
Grayscale claims that several other blockchains could also benefit from clarity in regulation, including hybrid blockchains such Avalanche(AVAX), Ethereum Layer-2 blockchains Base and Arbitrum(ARB), specialized Blockchains like Hyperliquids (HYPE), and stablecoin focused networks like Tron.
Bitcoin (BTC), the company says, will likely also benefit. This is despite the fact that BTC has an ecosystem of layer-2 networks and does not have native support for smart contracts.
“It will likely also benefit from regulatory clarity, in our view, as the industry’s most secure asset and leading collateral.”
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