Bitwise CIO: La privacidad podría convertirse en la próxima "aplicación revolucionaria"

Golden Finance report, on May 13th, Bitwise Chief Investment Officer Matt Hougan stated that privacy is becoming the core infrastructure focus for the next stage of the cryptocurrency industry. Recently, three institutional-grade blockchains focused on stablecoins and asset tokenization—Arc, Canton, and Tempo—have collectively raised over 1 billion USD, indicating a rapid increase in institutional demand for “privacy-friendly on-chain financial systems.”
Among them, stablecoin issuer Circle raised 222 million USD for Arc, with an estimated valuation of about 3 billion USD; Digital Asset’s Canton blockchain is reportedly seeking 300 million USD in funding at a valuation of 2 billion USD; and Tempo, supported by Stripe and Paradigm, previously completed a 500 million USD funding round, with a valuation of 5 billion USD.
Hougan pointed out that this wave of financing reflects three major trends: the gradual clarification of the US regulatory framework, increased institutional demand for on-chain privacy, and intensified competition among new blockchain networks supported by large enterprises. Current public chains still face structural trade-offs between speed, cost, security, and privacy, while the scenarios of stablecoins and RWA tokenization require systems to have high performance, compliance, and privacy capabilities simultaneously, making “verifiable privacy” an essential prerequisite for institutional adoption of on-chain finance.