{"id":64387,"date":"2026-02-26T13:00:55","date_gmt":"2026-02-26T10:00:55","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=64387"},"modified":"2026-02-26T09:42:13","modified_gmt":"2026-02-26T06:42:13","slug":"bitwise-cio-wall-street-is-talking-crypto","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitwise-cio-wall-street-is-talking-crypto\/","title":{"rendered":"Bitwise CIO: Wall Street Is Talking Crypto"},"content":{"rendered":"<p data-start=\"78\" data-end=\"414\">As the transformation of institutions like <strong>Wall Street<\/strong> accelerates in the crypto asset sector, there are notable assessments suggesting that traditional investors have not adequately priced in this change. According to Bitwise CIO <strong>Matt <a href=\"https:\/\/coinengineer.net\/blog\/hougan-the-clarity-act-could-end-the-crypto-winter\/\">Hougan<\/a><\/strong>, the financial industry is increasingly preparing to move core market infrastructure on-chain, even as broad investor perception lags behind.<\/p>\n<p data-start=\"416\" data-end=\"838\">Hougan argues that the transition underway is not incremental. In his view, major financial institutions are not merely experimenting with blockchain technology at the margins; they are laying the groundwork for capital markets that could eventually operate natively on-chain. The question, he suggests, is not whether Wall Street is engaging with crypto \u2014 but when that engagement will be fully reflected in asset prices.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-cio-wall-street-is-talking-crypto\/#Wall_Street_is_Working_on_Crypto\" title=\"Wall Street is Working on Crypto!\">Wall Street is Working on Crypto!<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-cio-wall-street-is-talking-crypto\/#Regulatory_Momentum_and_Institutional_Participation\" title=\"Regulatory Momentum and Institutional Participation\">Regulatory Momentum and Institutional Participation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-cio-wall-street-is-talking-crypto\/#A_Mispriced_Structural_Shift\" title=\"A Mispriced Structural Shift?\">A Mispriced Structural Shift?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"840\" data-end=\"886\"><span class=\"ez-toc-section\" id=\"Wall_Street_is_Working_on_Crypto\"><\/span>Wall Street is Working on Crypto!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"888\" data-end=\"1175\">One of the central issues, Hougan contends, is anchoring bias. Many investors still associate crypto with its early identity: a niche technology embraced by technologists and fringe communities. That outdated mental model may be obscuring the structural evolution currently taking place.<\/p>\n<p data-start=\"1177\" data-end=\"1444\">Today\u2019s landscape looks markedly different. Regulated financial entities are building compliant infrastructure, integrating blockchain-based settlement systems, and developing tokenized financial products. The transformation is not just conceptual \u2014 it is measurable.<\/p>\n<p data-start=\"1446\" data-end=\"1774\">The total value of tokenized assets on public blockchains, including U.S. Treasurys and commodities, has surged more than fourfold over 2025, approaching $20 billion. When compared to the hundreds of trillions of dollars in global ETFs, equities, and bond markets, the potential addressable market for tokenization remains vast.<\/p>\n<p data-start=\"1446\" data-end=\"1774\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-64388 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/wall-street-rwa.webp\" alt=\"\" width=\"1015\" height=\"816\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/wall-street-rwa.webp 1015w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/wall-street-rwa-300x241.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2026\/02\/wall-street-rwa-768x617.webp 768w\" sizes=\"auto, (max-width: 1015px) 100vw, 1015px\" \/><\/p>\n<h2 data-start=\"1776\" data-end=\"1830\"><span class=\"ez-toc-section\" id=\"Regulatory_Momentum_and_Institutional_Participation\"><\/span>Regulatory Momentum and Institutional Participation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1832\" data-end=\"2098\">Regulatory posture in the United States has also become more constructive. The Securities and Exchange Commission\u2019s \u201cProject Crypto,\u201d launched in July to facilitate the migration of financial markets on-chain, signals formal institutional support for this direction.<\/p>\n<p data-start=\"2100\" data-end=\"2380\">Meanwhile, major asset managers such as BlackRock and Apollo have introduced tokenized funds valued in the billions. Large banking institutions \u2014 including JPMorgan, Bank of America, Citigroup, and Wells Fargo \u2014 are reportedly engaged in discussions around stablecoin initiatives.<\/p>\n<h2 data-start=\"2382\" data-end=\"2414\"><span class=\"ez-toc-section\" id=\"A_Mispriced_Structural_Shift\"><\/span>A Mispriced Structural Shift?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2416\" data-end=\"2642\">Hougan suggests that both traditional and crypto-native investors may be underappreciating the magnitude of the change. After years of hearing about institutional adoption, markets may have grown desensitized to the narrative.<\/p>\n<p data-start=\"2644\" data-end=\"2964\" data-is-last-node=\"\" data-is-only-node=\"\">However, accelerating tokenization volumes, regulatory alignment, and concrete participation from major financial players indicate that on-chain finance is evolving into a structural development rather than a speculative theme. If that assessment proves accurate, the repricing of this transformation may still be ahead.<\/p>\n<p data-start=\"2644\" data-end=\"2964\" data-is-last-node=\"\" data-is-only-node=\"\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the transformation of institutions like Wall Street accelerates in the crypto asset sector, there are notable assessments suggesting that traditional investors have not adequately priced in this change. According to Bitwise CIO Matt Hougan, the financial industry is increasingly preparing to move core market infrastructure on-chain, even as broad investor perception lags behind. Hougan<\/p>\n","protected":false},"author":29,"featured_media":61309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[61,393,7456,1269,39,1814],"class_list":["post-64387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin","tag-crypto","tag-matt-hougan","tag-rwa","tag-sec","tag-wall-street"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitwise CIO: Wall Street Is Talking Crypto - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Hougan noted that while the transformation of institutions like Wall Street is accelerating, traditional investors are not pricing.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitwise-cio-wall-street-is-talking-crypto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitwise CIO: Wall Street Is Talking Crypto - 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