According to Richard Teng, Stripe's recent acquisitions signal that the crypto infrastructure experiment is over, but they also expose the fragmentation of the current market. Teng argues that the future of finance belongs not to traditional companies bolting on crypto features, but to crypto-native platforms built with a 'full-stack' approach from the ground up. These integrated ecosystems, which seamlessly combine exchange capabilities, tokenization services, custody, and AI-powered tools, are positioned to capture the real opportunity. The analysis highlights that tokenization has found its first major success in stablecoins, which have over $250 billion in circulation. The next major wave is expected in structured credit and private funds, which can be made more transparent and efficient on-chain. Despite progress, significant hurdles remain, including the need for regulatory clarity on KYC/AML and market infrastructure to facilitate mainstream adoption for assets like Bitcoin (BTC) and Ethereum (ETH).

According to @QCompounding, Stripe's recent acquisitions of Privy and Bridge signal a major shift away from fragmented crypto solutions towards integrated, full-stack financial infrastructure. This trend is echoed in the asset management sector, where blockchain is being adopted to modernize operations and launch innovative products. Key examples cited include BlackRock's tokenized institutional money market fund surpassing $2.5 billion in assets under management (AUM), Apollo's on-chain private credit fund exceeding $100 million, and Franklin Templeton's Benji platform for tokenized funds. For traders, this institutional adoption is creating a new class of investment vehicles like on-chain yield vaults and tokenized real-world assets, which promise greater transparency, efficiency, and liquidity. While major cryptocurrencies like Ethereum (ETH), trading around $2,542, and Solana (SOL), near $150, experience short-term price consolidation, this underlying structural development points to long-term growth and new opportunities beyond traditional crypto spot trading.