"Preparing for $69 Trillion Stock Market Tokenization"...Altcoins, Who Will Lead the Charge?

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As expectations for the passage of a bipartisan cryptocurrency bill in US political circles and Wall Street's competition for asset tokenization converge, the race to secure key altcoins that will lead the virtual asset market to break previous highs is intensifying. With the growing possibility of combining the US capital market and blockchain, investors' attention is focused on major assets that will benefit from the inflow of institutional funds.

According to the cryptocurrency YouTube channel Altcoin Daily on May 20 (local time), the probability of the US cryptocurrency market structure bill passing has been raised from 50% to 75%. Alex Thorn of Galaxy Digital predicted, “The bill could be signed by the president before the August recess, facilitating the integration of the US capital market and blockchain.” While the US Securities and Exchange Commission is developing a tokenization framework for the $69 trillion US stock market, hedge fund manager Mark Yusko diagnosed that “a trend will emerge where all valuable assets are converted into blockchain-based tokens.” Although Bitcoin (BTC) showed weakness, giving back the $77,000 level due to rising treasury yields, Altcoin Daily assessed that now is the time to focus on key altcoins with significant long-term growth potential.

The first asset mentioned is Ethereum (ETH), which is considered a core foundation for on-chain activities. Institutional investor Tom Lee absorbed supply by purchasing an additional 71,000 ETH just last week. With key financial figures, including BlackRock CEO Larry Fink, emphasizing the transfer of global asset markets to blockchain, expectations for the expansion of the Ethereum network's value are growing. XRP, supported by traditional financial institutions, was also presented as a major beneficiary asset. Ripple Prime has completed integration with EDX Markets, which is supported by Charles Schwab, Fidelity, Citadel, and Goldman Sachs. This is a factor that raises expectations that XRP can be used as a liquidity layer connecting Wall Street and financial institutions.

Emerging blockchains that emphasize technological innovation and practical usability were also included in the list of potential buys. BitTensor, considered a representative asset in the decentralized artificial intelligence sector, is strengthening its technological position by holding a conference at the Louvre Box in Paris. Altcoin Daily reported, “Just as Bitcoin emerged as an alternative to the banking system, BitTensor is being evaluated as a blue-chip artificial intelligence network that can replace OpenAI.” Sui (SUI), which is about to launch its mainnet, has implemented technology in production code that supports transactions from small payments to multi-billion dollar stablecoin transfers without fees, highlighting its potential for use in the payment market.

Assets that have seen the launch of regulated products by asset management firms and confirmed actual on-chain revenue growth are also emerging as targets of institutional funds' interest. JP Morgan recently disclosed that it holds a $5 million position in Bitwise's Solana (SOL) staking ETF. Solana proved its network fundamentals even during a market downturn, with seven dApps each exceeding $10 million in revenue in the first quarter. The fact that the Depository Trust & Clearing Corporation (DTCC), which processes US stock and bond trade settlements, integrated Chainlink (LINK)'s data standards into its collateral app chain is also noteworthy. As a result, Chainlink is being discussed as a key infrastructure asset that supports 24-hour real-time collateral workflows in the global market.

Altcoin Daily believes that the convergence of the US cryptocurrency market structure bill, asset tokenization framework, and the expansion of institutional regulated products could create the next upward momentum for the altcoin market. Ethereum, XRP, BitTensor, Sui, Solana, and Chainlink are emerging as key assets in the competition for institutional fund inflow, each based on differentiated growth logic: on-chain infrastructure, liquidity connection, artificial intelligence, payments, dApp revenue, and data standards, respectively.

*Disclaimer: This article is for investment reference only and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*