[DigitalToday reporter Hyunwoo Choo] Grayscale picked Ethereum, Solana, BNB Chain and Canton Network as blockchains that could be most likely to see institutional money flow in after the passage of the Clarity Act.
According to blockchain media outlet BeInCrypto on Thursday, Grayscale viewed that higher regulatory clarity would be likely to concentrate funds in networks with deeper on-chain finance foundations.
The Clarity Act for the digital asset market passed the U.S. Senate Banking Committee on May 14 by 15-9. The bill would split oversight authority for cryptocurrencies between the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, and the next step is a vote in the full Senate. Final passage requires 60 votes, leaving Democratic support as a variable.
Grayscale rated Ethereum as the leading network among assets with full on-chain functionality. BNB Chain and Solana followed. These three networks also ranked highest by stablecoin supply and total value locked in decentralised finance. Grayscale also included these four chains in a tokenisation megatrend-related list earlier this year.
Canton Network differs in nature from the other three chains. The network is a privacy-focused layer-1 designed to target regulated institutions. A recently launched Canton Network ETF provided individual investors an opportunity for exposure to the network.
Canton Network is currently running a DTCC pilot programme for tokenised U.S. Treasury bonds. Validators include JPMorgan, HSBC and Visa. Canton Network said $350 billion is settled daily, and that JPMorgan, DTCC and others are building in a live operating environment alongside more than $6 trillion in tokenised real-world assets.
Grayscale also mentioned Avalanche, Base, Arbitrum, Hyperliquid and Tron as altcoins that could benefit from the new regulatory framework. The full Senate vote is expected to be the next watershed to gauge how quickly policy change leads to actual fund flows.