Chainalysis：2026全新金融轨道研究报告：数字资产如何重塑金融业底层根基（英文版）（37页）.pdf

1、 The New Rails How Digital Assets Are Reshaping the Foundations of Finance 1 Table of Contents Introduction 1 Stablecoin Payments 2 Tokenized Real-World Assets 7 Blockchain Infrastructure 14 Compliance Standards 23 Agentic Payments 29 Introduction Cryptocurrency is reshaping traditional finance,with

2、 lawmakers writing new rules,banks issuing new products,and investors testing new ways to move money globally,cheaply,and fast.These New Rails are evolving faster than many business leaders are prepared to adapt.Consider the progress of stablecoins:once a niche category they processed$28 trillion in

3、 2025,enough to challenge traditional payment tech.Too big to ignore,they became the first kind of crypto to receive true regulatory clarity with the passage of the GENIUS Act last summer.Now,banks are weighing what to do next.Similar stories are playing out across Wall Street in once unthinkable wa

4、ys.Major wirehouses like Morgan Stanley are making it easier than ever for their clients to trade crypto.Meanwhile,JPMorgan,the worlds biggest bank,is issuing deposit tokens on public blockchains.As Congress weighs whether and how to further regulate crypto,the race is on for institutions to integra

5、te this genuinely useful tech.All their activity generates useful data.Which is why weve decided to take a look.In this report,youll get a sense of the challenges,trends,and opportunities emerging on the New Rails of finance.It continues our 2024 conversation on the Crypto Maturity Journey:how finan

6、cial institutions can think through standing up their crypto businesses.Back then it was a theory;now,its really happening.This report examines these dynamics across five areas:1.Stablecoin payments are approaching a scale that puts them in direct competition with legacy card networks.The largest ge