Kevin O’Leary says Wall Street’s tokenization boom is all talk without crypto rules
Kevin O’Leary argues that Wall Street's interest in tokenization will remain limited until the U.S. establishes clear federal crypto regulations.Summary
Kevin O’Leary contends that Wall Street’s current enthusiasm for tokenization is premature, arguing that institutional investors remain hesitant due to a lack of clear U.S. regulatory frameworks. Speaking at Consensus 2026, he emphasized that major firms require SEC compliance and formal legislation before fully committing to digital assets. While institutions recognize the potential of blockchain technology for efficiency, O’Leary notes that regulatory certainty, similar to what bolstered stablecoins via the GENIUS Act, is the essential catalyst for widespread adoption. He further suggests that the industry is narrowing its focus toward established assets like BTC and ETH, while long-term value may ultimately reside in standardized blockchain infrastructure and physical assets like data centers and power.
(Source：CoinDesk)