Crypto
2025 digital assets wrap: Institutionalisation speeds up, stablecoin boom heats up
The digital asset market rose in 2025 as institutionalisation gathered pace, centred on the United States. Stablecoins shook markets at home and abroad as companies moved to use them in real-world finance, while policy moves in the United States underpinned expectations of deregulation. In South Korea, user protection rules took hold and a roadmap for corporate investment was presented, but broader legislation and stablecoin institutionalisation remained stalled. Tokenised treasuries and tokenised deposits gained traction.
