Everyone is asking where cryptocurrency is headed.

The stronger signal lies in what institutions are building.

Multiple large U.S. banks are exploring a shared tokenized deposit network. The size of tokenized real-world assets has grown to over $31 billion (excluding stablecoins). Regulators and lawmakers are shifting from debating whether digital assets should exist to defining how they operate.

The story of 2026 is infrastructure.

Tokenized assets, programmable settlement, and markets that operate around the clock are moving from concept to implementation.

Many of these products require reliable, real-time prices.

Pyth provides the price layer for this transformation, supplying data to markets across equities, commodities, forex, cryptocurrencies, and other asset classes.

As financial products become global, programmable, and always online, the underlying infrastructure must support the same operational model.

The signal to watch: how global finance will use it to build.