Axios: Wall Street Accelerates Embrace of Crypto Assets and Tokenized Markets

According to Axios, traditional financial institutions are accelerating their deployment of crypto assets and tokenized products, signaling a weakening of the long-standing opposition between Wall Street and the crypto industry. Kraken Co-CEO David Ripley stated that almost all traditional financial service institutions will offer crypto assets, including Bitcoin and Ethereum, to their clients, calling this "a major theme for 2026." He noted that the popularity of stablecoins demonstrates investors' willingness to hold blockchain-based versions of traditional assets, with the next step being the tokenization of assets such as publicly traded stocks. Kraken plans to open tokenized IPO shares to retail investors to enhance participation in the early growth stages of large companies.