【algorithmic crypto strategy optimization software for quantitative researchers】
发布时间：2026-04-04 05:31:25 来源：Cortex Markets Watch 作者：Auto Trading
-
Tokenization has become one of crypto's favorite buzzwords,algorithmic crypto strategy optimization software for quantitative researchers but Grayscale head of research Zach Pandl said investors should think about it less as a single trade and more as a long roadmap with different winners at different stages.\n\nSpeaking at EthCC conference in Cannes, France, Pandl said that the trend is still in its infancy. Tokenized assets — the process of using blockchain rails to settle, transfer and record ownership of all kinds of financial assets such as bonds, funds and equities — is rapidly growing. However, currently at $27 billion , it still represents roughly 0.01%, a tiny fraction, of global capital markets. That's projected to swell to near $19 trillion by 2033, according to BCG and Ripple.\n\nBig banks and asset managers already understand the opportunity. "The two things that institutions are aware of are stablecoins and tokenization," Pandl said. But they are still trying to figure out where to allocate capital to actually benefit from these innovations.\n\nFrom here, Pandl expects tokenization to unfold in phases, with different types of networks and models capturing value at each stage.\n\nThe first winners, he said, may be projects that look more like traditional finance, not less.\n\n"In the early stages of the tokenization process, you will see things that have success that look more similar to how the financial system works today," he said.\n\nThat means institution-centric, permissioned systems that solve practical issues like privacy, identity and control.\n\nPandl pointed to the Canton Network (CC), backed by Wall Street giants like DRW, TradeWeb, Goldman Sachs and Nasdaq, as a potential winner in this early phase of tokenization.\n\nHe said it is "a perfectly reasonable investment" for investors who want nearer-term traction, even if Canton's approach represents only "a slightly different, slightly upgraded version" of today’s financial system.\n\nThe second phase of tokenization could be a hybrid model where we have both institution-owned blockchains and a global shared state, with those networks interconnected and speaking to each other. One example for that is Avalanche (AVAX), with hundreds of sovereign, corporate-owned chains (called subnets) live but connected to a primary, layer-1 network.\n\nEthereum's ether (ETH), in his view, is the bigger but slower bet. Pandl said he believes the market will eventually move toward "global decentralized finance," but added that "the tech is not fully ready" and that institutions are not ready either.\n\nThat makes ETH the more ambitious investment for those willing to wait for the longer-term shift away from financial intermediaries.\n\nThere are also picks-and-shovels plays. Pandl highlighted chain-agnostic service providers such as Chainlink as another way to get exposure, saying they may be "even more compelling" than some blockchains.\n\nRead more: How tokenized assets could become a $400 billion market in 2026
- 上一篇：The bitcoin treasury boom is unwinding as some companies and governments sell holdings
- 下一篇：Grayscale’s research head says tokenization will happen in waves and explains how to play it
- Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
- Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations
- CoinDesk 20 performance update: Bitcoin (BTC) trades flat while altcoins rise
- The ‘wash trading’ bust: Why the feds are finally calling out crypto’s dirty little liquidity secret
相关文章
- Cango raises capital as it faces NYSE delisting risk with shares below $1
- How Market Analysis improves daily trading workflows
- Key benefits of Trade Automation for modern traders 255
- How to evaluate a platform for Strategy Backtesting 202
- Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
- What makes a strong solution for Execution Speed 718
- Key benefits of Algorithmic Trading for modern traders 312
- Advanced insights into Paper Trading 509
- Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
- Why Market Analysis matters in volatile markets 393
- Cango raises capital as it faces NYSE delisting risk with shares below $1
- How Risk Management supports long term strategy development 284
- How Multi Exchange Trading supports smarter execution
- Common mistakes to avoid with Futures Trading 430
- The bitcoin treasury boom is unwinding as some companies and governments sell holdings
- Why more users are adopting Spot Trading 171
- How Automated Crypto Trading supports long term strategy development 581
- Common mistakes to avoid with Market Analysis 293
- Ripple Treasury puts XRP and RLUSD inside corporate finance for the first time
- How to evaluate a platform for Strategy Backtesting 122
随便看看
Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
The bitcoin treasury boom is unwinding as some companies and governments sell holdings
Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
Cango raises capital as it faces NYSE delisting risk with shares below $1
- Copyright © 2026 Powered by 【algorithmic crypto strategy optimization software for quantitative researchers】,Cortex Markets Watch sitemap