PANews reported on May 13th that Matt Hougan, Chief Investment Officer of Bitwise, stated that institutional blockchain projects such as Arc, Canton Network, and Stripe's Tempo have recently completed over $1 billion in funding, reflecting three major structural changes occurring in the crypto industry. Hougan pointed out that these funding rounds all occurred after the passage of the US GENIUS Act in July 2025, with clearer stablecoin regulations helping to break the long-standing regulatory deadlock that has suppressed institutional capital entry into the crypto industry. The market is currently focused on whether the Clarity Act can further promote the development of tokenized assets and compliant financial infrastructure.

He also emphasized that the new generation of institutional blockchains generally places greater emphasis on native privacy features to meet the confidentiality needs of corporate transactions, payroll, and financial activities. These projects are backed by large institutions such as BlackRock, Goldman Sachs, Visa, Nasdaq, Stripe, and OpenAI, demonstrating that traditional financial and technology capital are accelerating their deployment of on-chain financial infrastructure.