The financial market is moving on-chain: The wave of institutional acceleration

The financial market is gradually shifting onto on-chain platforms as major organizations accelerate their blockchain integration strategies. In 2025, the SEC will implement "Project Crypto," demonstrating active involvement by regulators in the digital asset infrastructure. BlackRock announced that "all stocks, all bonds" can be tokenized, reaffirming long-term confidence in blockchain-based capital markets.

Apollo has tokenized a credit fund with Securitize, attracting $100 million, while BlackRock's tokenized US Treasury bond fund has surpassed $2 billion. BlackRock also listed the BUIDL fund on Uniswap and purchased UNI tokens, showing direct participation in DeFi. Apollo acquired 9% of Morpho, while JPMorgan launched a deposit token on Base and discussed a shared stablecoin with Bank of America, Citigroup, and Wells Fargo. Fidelity is also recruiting managers for DeFi vaults, indicating strong acceptance from major institutions.