Wire · operational-macro
Crypto Biz: Crypto's biggest business is starting to look a lot like banking
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Fusion42 · 29 August 2026 · Fusion42 review
BlackRock launched tokenized money market funds to support stablecoin reserves under US legislation, while Tether posted a $1.5 billion Q2 profit from treasury holdings. The crypto industry is shifting towards financial infrastructure resembling traditional banking, with tokenized assets and onchain reserves driving growth.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a new era where crypto business models must align with regulated financial products like tokenized reserves. Prepare to compete or collaborate with incumbents like BlackRock who are reshaping stablecoin backing and treasury management onchain.
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1 source · 7 Aug 2026
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