Translation: Baihua Blockchain

Abra is preparing to go public through a merger with SPAC New Providence Acquisition Corp. III, aiming to get SEC approval this summer to list on Nasdaq under the code ABRX.But beyond the listing activity, what is more noteworthy is the company's judgment on the direction of the industry:Abra no longer defines itself as a fragile cryptocurrency trading or custody platform, but sees "Asset Tokenization + Network Products + Bots + Wealth Management" as the relay for the next stage.

In the eyes of Abra CEO Bill Barhydt,Wall Street's interest in cryptocurrency is shifting from Bitcoin price fluctuations to the tokenization of real-world assets and on-chain financial infrastructure. Whether assets can be turned into liquid, transferable, and collateralizable on-chain tools is a more inevitable indicator than debates about ETFs or short-term market trends. This is also why heconsiders "on-chain wealth management" to be the core direction of next-generation financial services.

Bill Barhydt's article Abra actually starts from a very simple idea:Cryptocurrency should operate like a bankthat way.

In 2018, Abra became one of the first companies to offer complete "bank-like services" in cryptocurrency. According to Barhydt,users can complete transactions, revenue collection, invoicing, and payments on the same platform.

Eight years later, as Abra prepares to go public through a merger with SPAC New Providence Acquisition Corp. III, Barhydt believes the industry is entering a brand new phase.

Recent transactions announced inMarch of this year valued Abra at $750 million. Upon completion of the merger,the company will be renamed Abra Financial Inc. and plans to list on Nasdaq under the stock code ABRX, subject to regulatory approval.

Barhydt stated in an interview with CoinDesk: "If the SEC approves,our goal is to complete the listing this summer."

Abra Financial

Today, Abra operates under its parent company Abra Financial Holdings, positioned as a platform for asset tokenization and distribution..

Its "decentralized" business core is Abra Capital Management, a registered advisory firm with the SEC, serving high-net-worth individuals, ultra-high-net-worth clients, and institutions. Through this platform, clients can access digital asset investment strategies, yield products, staking services, and mortgage investment services.

The tokenization business AbraFi focuses on collaborating with a centralized autonomous organization (DAO) to create tokenized financial products on the Solana blockchain. Itsflagship product USDAF is a dollar-denominated asset with returns. According to Barhydt, this product is increasingly attracting the interest of institutions and high-net-worth investors.

In the coming months, the company also plans to expand this product line,launching a Bitcoin-based yield product BTCAF. This product will be available to advisory clients and will also be offered to retail investors outside the United States. Barhydt believes that investors will see more tokenized yield products built around digital assets in the future.

Decentralized Lending

Decentralized lending is a key growth direction of Abra. Abra hasenabled customers to use Bitcoin, Ethereum (ETH), and Solana (SOL) holdings as collateral for loans. Barhydt stated that the company is investing heavily to expand new decentralized lending products and service capabilities.

He said,the company's larger goal is to create a "killer crypto banking platform"—integrating tokenization, custody, yield generation, staking, and networking to provide products as well as access third-party products.

But in Barhydt's view, the greater opportunity no longer belongs solely to cryptocurrency investors.

Tokenization

Tokenization, Barhydt believes,Wall Street's attention is increasingly shifting from Bitcoin price fluctuations to the tokenization of real-world assets.

In his view,tokenizing assets and enabling these assets to have liquidity, transferability, and the ability to be used as collateral within the DeFi framework is far more important than debates around ETFs or short-term market cycles.

Barhydt said: "Everything is being tokenized and gaining liquidity through DeFi.".

He stated that this narrative resonates with institutional investors because ittruly connects crypto infrastructure with broader financial markets. In traditional finance, any asset that can be initialized as collateral could ultimately be represented on-chain and utilized in decentralized lending markets.

Barhydt believes that as Abra enters the final stage of its listing process, the company is at the intersection of these trends:Tokenization, yield generation, and digital asset wealth management.

He said: "Next-generation wealth management will be completed on-chain.".

This article link: https://www.hellobtc.com/kp/du/06/6341.html

Source: https://www.coindesk.com/business/2026/06/07/abra-s-bill-barhydt-says-wall-street-s-next-crypto-bet-is-tokenization