[Y Combinator Releases Crypto Startup Guide: Focus on Asset Tokenization, Stablecoins, and AI Trading Agents] Y Combinator released its October 2026 Crypto Startup Guide, noting that for the first time in the past year, growth in the crypto industry has been driven by institutions rather than consumers. Application scenarios are shifting from speculative trading to real-world financial needs such as oil hedging and cross-border corporate cash flow, and the guide predicts further accelerated growth in crypto adoption. The agency believes that various assets will be tokenized more rapidly in the future, expanding from stablecoins and stocks to real estate titles, debt, and commodities. Simultaneously, startup equity and previously difficult-to-securitize small assets are expected to enter the market through on-chain issuance. Financial infrastructure such as trading, lending, and derivatives will continue to develop around these assets, and AI agents are likely to become important financial players.