Institutional investors' interest in cryptocurrencies is changing.

A blockchain outlet, The Crypto Basic, reported on March 26 that financial professionals are changing their approach as XRP and tokenisation emerge as new investment keywords. XRP and tokenisation stood out as key discussion points at a recent Bitwise meeting of more than 700 financial professionals.

Ryan Rasmussen (라이언 라스무센), head of research at Bitwise, said XRP and tokenisation are emerging as major areas of interest for institutional investors. As the crypto market expands, assets such as XRP, infrastructure platforms and emerging tokenisation networks are drawing attention.

Matt Hougan, Bitwise chief investment officer, said institutional interest is clearly different than in the past. Unlike during the FTX collapse or the 2018 bear market, major Wall Street firms have now entered a phase of building crypto infrastructure, he stressed. He also pointed to large financial institutions such as Goldman Sachs expanding tokenisation and stablecoin projects and entering the market with a long-term view.

Regulatory clarity remains an important variable. Hougan forecast that institutional crypto investment would expand in earnest if regulatory frameworks such as the Clarity Act are put in place.

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have recently announced a framework defining asset categories, classifying bitcoin, ether and XRP as digital commodities. If the tokenisation market grows to a multi-trillion-dollar scale, which networks absorb value, including XRP, ether and Solana, is also becoming a key discussion point. Bitwise analysed the trend as a signal pointing to a new phase of the market that differs from the past.