Joseph Lubin says Bitcoin and ETH treasuries could drive Wall Street’s DeFi adoption, with $2.2T in corporate crypto holdings by 2026.
According to the co-founder of Ethereum, the treasuries of large corporations in Bitcoin and ETH will be instrumental in expediting the transition from traditional finance (TradFi) to decentralized finance (DeFi). Sharplink Gaming is simultaneously leveraging the ETH treasury, while MicroStrategy and Metaplanet are spearheading the Bitcoin Treasury’s construction. Lubin asserted that these strategies reflect the “first large-scale onboarding of TradFi onto DeFi,” representing a substantial change in global financial dynamics.
The co-founder of Ethereum underscores the role of Wall Street in the DeFi shift
According to Joseph Lubin’s most recent post on the X-platform, Wall Street’s involvement with digital assets and decentralized protocols is as follows. Additionally, Lubin anticipated that treasury strategies would soon dominate media discussions and earnings calls, emphasizing managing risks and optimizing DeFi yields.
Lubin essentially refers to the snowball effect unfolding as corporations race to construct their Bitcoin Treasury. MicroStrategy continued adding more, while GameStop and Trump Media led the way in Bitcoin adoption last week.
Ethereum co-founder Lubin anticipates that the integration of DeFi with Wall Street will result in increased participation from “Main Street,” which will develop “end-user applications for consumers and enterprises that surpass DeFi” that are both user-friendly and scalable.
Joseph Lubin Emphasizes A Significant Regulatory Change
Lubin emphasized the change in enterprise attitudes, asserting that companies can now adopt DeFi without concern for regulatory crackdowns or unpredictable enforcement actions. He stated that the increasing confidence in the Web3 space is evidenced by the influx of top-tier Web2 developers, which its community-oriented model fuels. Lubin asserted that the paradigm shift toward a world system that is becoming increasingly decentralized is progressing rapidly.
SharpLink Gaming became the largest publicly traded company with an Ethereum Treasury last week. The company has acquired 176,271 ETH at an average price of $2,626 per ETH.
Conversely, the past few weeks have seen a significant increase in the inflows into spot Ethereum ETFs, which indicates that institutional accumulation is becoming more pronounced. There is likely an increase in the rotation of TradFi capital into digital assets in the future as companies such as BlackRock continue to dominate the inflows.
Bitcoin and Ethereum are establishing a robust foundation at critical support levels of $105,000 and $2,500, respectively, in the face of persistent geopolitical tensions.