Abra’s Bill Barhydt says Wall Street’s next crypto bet is tokenization

As Abra prepares for a Nasdaq debut, CEO Bill Barhydt is betting tokenized yield products and onchain lending will drive the next phase of crypto wealth management. What to know : Abra is positioning itself as a tokenization and wealth management platform, expanding beyond traditional crypto trading and custody. The company plans to launch BTCAF, a yield-bearing bitcoin product, following growing demand for its USDAF tokenized dollar offering. Barhydt sees tokenization and DeFi-powered lending as the next major narrative for institutional investors, eclipsing the industry’s long-running focus on bitcoin prices.(Coindesk)