[Digital Today reporter Chi-gyu Hwang (황치규)] Investment research firm Citrine Research released a report titled "Breaking the Wall" on how AI agents and tokenised assets are changing crypto investing.

Unchained Crypto reported on Oct. 9 local time that Citrine said in the report that AI agents and tokenised assets have opened an era of "fundamental crypto investing" that focuses on underlying strength. "Blockchain has finally found its reason to exist," it said.

Software agents want a 24-hour financial infrastructure that never stops, and the crypto industry has been building it for 15 years, the report said.

The report also raised the issue that banks could lose a cheap source of funding if many agents move deposits to wherever offers the best terms.

Citrine cited several examples. When the Iran conflict intensified over a weekend in March, Hyperliquid was effectively the only place where oil could be priced. After Robinhood Chain opened its mainnet in July and introduced stock tokens, tokenised stocks began moving across multiple apps and blockchains. Two days after the Senate failed to pass the Clarity Act, the U.S. Securities and Exchange Commission introduced an innovation exemption system for trading tokenised stocks.

Citrine stressed that investors should now ask not, "Will tokenisation become legal," but, "Who makes money if they enter the United States?"

Citrine said investing in the flow of AI agents and tokenised assets did not require relying on rising bitcoin and ether prices. It named revenue-generating tokens and related stocks as better investment targets.

Among stocks, it covered Securitize, Coinbase and Robinhood, which manage more than $4 billion in tokenised assets. It mentioned Aerodrome, Pendle, Ondo, Aave and Ethena among tokens.

The report also pointed to limits. It estimated Robinhood Chain's annual fee revenue at about $30 million, still small compared with Robinhood's second-quarter net revenue of $1.31 billion. It also said liquidity and standards are scattered across multiple blockchains, and warned that if a hack occurs, there may be no way to recover stock assets.