Bitwise CIO: The GENIUS Act opens the floodgates for institutional financing, with three major companies raising over one billion dollars in total

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that Circle's Arc, Canton Network, and Stripe's Tempo have recently completed over one billion dollars in financing collectively, with all three financings occurring after the signing of the GENIUS Act in July 2025. Hougan believes that this act has broken the regulatory deadlock that previously suppressed institutional capital entry.

Hougan summarized three major signals: first, all three chains have made native privacy transactions a core design to meet institutions' needs for transaction confidentiality; second, the implementation of the GENIUS Act has significantly reduced regulatory uncertainty, with the next key variable being the ongoing Clarity Act, which is expected to benefit stablecoins and tokenized infrastructure; third, the backing of top institutions such as Goldman Sachs, Citadel, BlackRock, Stripe, and Visa behind these three chains stands in stark contrast to the grassroots paths of Ethereum and Solana.

Hougan stated that his funds are still primarily betting on native crypto projects and believes that emerging enterprise chains will raise overall competitive standards and attract more capital inflow.