Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds on-chain once the regulatory landscape allows companies in the U.S. to do so.

“We think tokenization is going to be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We’d love to be able to tokenize our Venture Fund (ARKVX) or our [Digital Asset] Revolution Fund.”

“I think the regulations are starting to open up in a way that will allow us to do that. So we’d like to seize the moment,” she added.

U.S. regulators have yet to provide a clear framework and rules for registering security tokens, making it difficult for entities like Ark to launch products in the booming space that some believe could become a multi-trillion-dollar market by the end of 2030.

Executives of Coinbase, a big holding of Ark, had previously mentioned a similar outlook, although it was vague as companies are trying to make their mark in the tokenization industry.

At the Morgan Stanley Technology, Media and Telecom Conference earlier this month, Coinbase Chief Financial Officer Alesia Haas said that the crypto exchange is in talks with the Securities and Exchange Commission (SEC) to issue a security token, a move that previously failed when Coinbase attempted to go public with such a product in 2020.

Jesse Pollack, the founder of Base, the Ethereum Layer 2 network built by Coinbase, later said in a post on X that there were no “concrete plans” to tokenize Coinbase’s stock.

“We are in an exploratory phase and working to understand what needs to be unlocked from a regulatory perspective to bring assets like $COIN to @base in a safe, compliant, future looking way,” he wrote.

Crossmint, a blockchain infrastructure firm helping companies build on-chain applications, has raised $23.6 million in funding.

The company, which has over 40,000 users, aims to simplify blockchain adoption by enabling firms to integrate wallets, tokenization, and payments with minimal code, according to a statement on Tuesday. Crossmint users, including big brands Adidas and Red Bull, use the platform to transition their operations on-chain.

Crossmint is also building a framework for artificial intelligence-driven commerce, providing wallets and payment APIs for AI agents.

«AI agents are reshaping commerce. Soon, they will autonomously manage tasks like grocery shopping or personal styling,» said Alfonso Gomez-Jordana, co-founder of Crossmint. «Traditional payment systems weren’t designed for AI agents—but blockchain is.»

Ribbit Capital led the investment round with additional participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction, Crossmint announced on Tuesday.

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Solana doesn’t yet have an exchange-traded fund, but one of the asset’s biggest backers is betting the Wall Street-friendly vehicle could come in 2025 — and believes it’s well-positioned to trounce Ethereum’s various similar products.

Multicoin Capital’s Kyle Samani — a major investor in SOL and countless subordinate protocols — has been publicly pressing the Securities and Exchange Commission (SEC) to look favorably upon a SOL ETF. His bullish pronouncements therefore might come as little surprise.

But onstage Tuesday at Blockworks’ Digital Asset Summit in New York City, Samani explained his view why Solana is better placed to appeal to traditional investors than Ethereum did. It’s all about the money: the fees being generated on-chain, compared to the value of the asset’s totality.

«A lot of the reason why the ETH ETF didn’t have a super strong reception was a lot of investors looked at ETH and said ‘show me the fees,’ Samani said.

By his telling, they didn’t find much proof to justify investing at its high prices.

Stock traders often look at a company’s price to earnings ratio in deciding whether it’s over or undervalued; in other words, when to invest. Crypto doesn’t have such a clean metric, but blockchains still have revenue and tokens that can be mushed together for similar effect.

Samani believes Solana’s theoretical P/E ratio is much healthier from an investing standpoint than Ethereum’s. His onstage math placed Solana as trading at 30 to 50 times its P/E whereas Ethereum is trading closer to 1,000 times.

Solana’s P/E ratio is «much more in line with high-growth tech stocks,» Samani said.

If the logic plays out then traditional investors might be expected to believe Solana has more upside than Ethereum, and invest accordingly.