WisdomTreeβs Jonathan Steinberg says the firmβs tokenization push is nearing profitability, with $750 million in digital assets and long-term plans to modernize financial infrastructure.
At the Ondo Summit in New York, top asset managers said tokenization has moved beyond theory but warned that trust, education, and real-world utility are now the biggest hurdles.
The roadmap in place doesn't make as much sense because progress among layer-2s toward later stages of decentralization has been slower and more difficult, and Ethereum itself is now scaling directly on layer-1.
Analyst Geoffrey Kendrick trimmed his 2026 SOL forecast to $250 from $310, but says stablecoin micropayments could drive a longer-term surge as Solana moves beyond memecoins.
Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.
Tokenized stocks grew nearly 3,000% in 2025 as new SEC rules and a DTCC pilot pushed the asset class toward the $1 billion milestone, led by Ondo and Securitize.
The exchanges were accused of facilitating transactions for the Islamic Revolutionary Guard Corps and are linked to an Iranian businessman convicted of embezzlement.