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Bitcoin extends gains to $81,500 as tokenization push lifts Bullish, Galaxy, Centrifuge

CoinDesk
Bitcoin reached $81,500 as growing institutional interest in asset tokenization boosted related stocks and protocols like Bullish, Galaxy, and Centrifuge.

Summary

Bitcoin climbed to $81,500, marking its strongest level since January, supported by significant inflows into spot BTC ETFs from firms like BlackRock and Fidelity. Beyond the leading cryptocurrency, the market saw a surge in tokenization-focused assets and infrastructure stocks. Bullish rose 12% following its $4.2 billion acquisition of Equiniti, while Galaxy Digital gained 3.6% after launching a tokenized cash-management fund. Additionally, Centrifuge's CFG token jumped 15% after partnering with Coinbase. Analysts view this focus on tokenization as a strategic shift toward modernizing financial infrastructure, with projections suggesting the market for tokenized assets could reach $18.9 trillion by 2033.

(Source:CoinDesk)