Institutional Crypto Adoption Driven by 'Super Apps', Says AlphaPoint CEO

AlphaPoint, a crypto infrastructure firm, has powered the launch of nearly 200 exchanges and wallets worldwide. CEO Igor Telyatnikov says the firm's next chapter will be driven by institutions, with a focus on building tools for platforms they already trust, such as banks and brokerages. AlphaPoint is developing "super apps" that seamlessly blend trading, lending, borrowing, payments, and merchant tools, with the goal of reaching the next billion users.

AlphaPoint, a crypto infrastructure firm established in 2013, has quietly powered the launch of nearly 200 exchanges and wallets worldwide. However, CEO Igor Telyatnikov asserts that the company's next chapter will be driven by institutions, focusing on building tools for platforms already trusted by users, such as banks and brokerages [1].

Telyatnikov believes that the future of crypto adoption lies in "super apps" that seamlessly blend trading, lending, borrowing, payments, and merchant tools. These platforms aim to reach the next billion users by integrating crypto services into existing financial ecosystems. AlphaPoint is already involved in several high-profile projects, including Chivo, El Salvador's national crypto wallet, which now reaches millions of citizens who had never accessed financial services before [1].

In addition to Chivo, AlphaPoint has also been instrumental in the launch of Bancolombia's crypto exchange and debit card. In Canada, Bitbuy, an AlphaPoint customer since day one, has grown to become the largest exchange in the country and a sponsor of the NHL playoffs [1]. Furthermore, in Thailand, SCB's InnovestX added crypto to its stock trading app using AlphaPoint infrastructure, and in Canada, Robinhood's acquisition of WonderFi hints at the convergence of TradFi and crypto [1].

Mill City Ventures III, a Nasdaq-listed firm, has also made a significant move into the crypto sector by securing $450 million through a private placement. This investment positions Mill City as the first public company to establish a Sui-centric treasury, allocating 98% of the funds to Sui token purchases [2]. This strategic pivot underscores the growing consensus that blockchain networks must evolve beyond speculative trading to support real-world applications in AI, DeFi, and institutional workflows.

The shift towards institutional crypto infrastructure reflects a broader industry trend. Institutions are increasingly recognizing the potential for real revenue in crypto, which is no longer seen as a sandbox but as a robust infrastructure [1]. As the crypto ecosystem continues to mature, firms like AlphaPoint and Mill City Ventures III are at the forefront of driving this transformation.

References:
[1] https://www.thestreet.com/crypto/innovation/alphapoint-bets-on-the-rise-of-institutional-crypto-super-apps
[2] https://www.ainvest.com/news/mill-city-secures-450m-build-public-sui-treasury-allocates-98-sui-tokens-2507/