Overview
- Bitwise CIO Matt Hougan wrote in a June 10 memo that after eight sales calls representing more than 40 advisory teams advisors asked more about stablecoins and tokenization than about Bitcoin.
- Bitwise’s January survey with VettaFi found 30% of advisors named stablecoins and tokenization as their top crypto interest and 99% of advisors who already hold crypto plan to maintain or increase allocations.
- Market data show the practical market backing for the shift with fiat-backed stablecoin supply above $319 billion and tokenized real-world assets topping about $29 billion by April 2026.
- Hougan identified likely winners if flows follow interest, citing smart-contract platforms such as Ethereum and Solana and firms tied to stablecoin rails and custody like Circle, Coinbase, Figure, and Hyperliquid.
- Because advisors control large pools of client capital, their focus on stablecoins and tokenization could channel new institutional flows into on-chain payments, faster settlement and tokenized asset markets and change where crypto-linked client cash is held and traded.