Crypto Firms Outpace Wall Street in Entering TradFi

Crypto firms are rapidly entering mainstream finance, with some already offering stock trading services. Franklin Templeton's head of digital assets, Roger Bayston, notes that crypto companies are moving into securities-related businesses faster than traditional financial institutions adopting blockchain technology. This shift is largely due to US regulatory changes under President Trump, including the legalization of stablecoins and halted lawsuits against crypto companies. Bayston believes the two worlds will eventually merge into a single market, catering to a range of investor interests.

Title: Crypto Firms Rapidly Integrate into Mainstream Finance

Crypto firms are swiftly entering the realm of mainstream finance, with some already offering stock trading services. Franklin Templeton's head of digital assets, Roger Bayston, observes that crypto companies are moving into securities-related businesses faster than traditional financial institutions are adopting blockchain technology. This shift is largely driven by US regulatory changes under President Trump, including the legalization of stablecoins and the halting of lawsuits against crypto companies. Bayston believes the two worlds will eventually merge into a single market, catering to a range of investor interests.

One notable example of this integration is the growing institutional adoption of Bitcoin. Public companies now hold over 1 million Bitcoin, signaling increased acceptance of cryptocurrencies as strategic assets. Among these companies, Strategy Inc. (formerly MicroStrategy) leads with $70 billion worth of Bitcoin holdings and a $14 billion unrealized gain, nearing S&P 500 eligibility [1]. The prospect of Strategy’s inclusion in the S&P 500 has sparked discussions among analysts and investors, with passive funds potentially purchasing around 50 million shares, valued at approximately $16 billion at current prices. This would represent institutional validation of Michael Saylor’s Bitcoin-centric strategy, which has historically faced criticism for being speculative. Meanwhile, Twenty One Capital aims to expand Bitcoin holdings to 43,500 BTC while developing crypto financial products and projecting a $500 trillion market cap potential [2].

In the cryptocurrency space, Dogecoin (DOGE) is gaining strength following a rebound at the $0.21 support level. The Dogecoin Treasury plans of up to $200 million, supported by Elon Musk’s lawyer, Alex Spiro, are reported. The proposal has been endorsed by the corporate body House of Doge, with Spiro set to chair the new public company. Trading volume has jumped 45% to $2.58 billion as speculation grows over a possible breakout. Yet while DOGE eyes a move toward $0.30, attention is shifting to Mutuum Finance (MUTM), a presale project demonstrating significant traction in the DeFi sector [3]. Mutuum Finance (MUTM) is in Phase 6 of its presale, with tokens being sold at $0.035. The price has already surged 250% since the initial stage of $0.01, showing high demand. The project has raised $15,220,000 and has 15,880 holders on board. Importantly, Phase 6 is selling out quickly, meaning the chance to buy at this level is narrowing. The price will rise 14.3% to $0.04 once Phase 7 commences. Mutuum Finance (MUTM) is building a dual lending system combining peer-to-peer and peer-to-contract models, with security features such as a CertiK audit and a $50,000 Bug Bounty Program [3].

The integration of crypto firms into mainstream finance is not without challenges. The Trump administration has targeted opponents for claiming more than one primary residence on their loan papers, including a Fed governor. ProPublica found that at least three of Trump’s Cabinet members call multiple residences on their loan papers, highlighting the commonality of the practice [4]. This campaign underscores the complexity of regulatory compliance and the potential for political manipulation in the mortgage market.

References
[1] https://www.ainvest.com/news/bitcoin-news-today-bitcoin-corporate-adoption-rewrite-rules-finance-2509/
[2] https://www.propublica.org/article/trump-cabinet-mortgage-fraud
[3] https://www.cryptopolitan.com/dogecoin-doge-aims-for-0-30-but-mutuum-finance-could-be-the-next-crypto-to-hit-1/