Every major asset eventually develops capital markets.
Bitcoin is no different.
- Lending
- Collateral
- Yield
- Settlement
The rails are being built in real time.
Over the last decade:
• Bitcoin became the industry's reserve asset
• Ethereum became the industry's application layer
The next phase is bringing those worlds closer together.
Everyone spent years asking when Wall Street would come to crypto.
Now, Fidelity, BlackRock, Franklin Templeton, and the largest banks in the world are all building products around digital assets.
Infrastructure around Bitcoin and crypto assets has never been more in demand.
The pace of institutional adoption across digital assets, stablecoins, and tokenized finance continues to accelerate.
The infrastructure layer being built today is creating entirely new financial rails for global capital markets.
In 2010, two pizzas were bought for 10,000 $BTC
Today, Bitcoin is one of the most traded assets in the world.
That has to be one of the greatest trades in history 🍕
Happy Bitcoin Pizza Day!
The market spent a decade calling Bitcoin a fringe asset.
Now the world’s largest financial institutions are openly preparing for a future where it becomes core financial infrastructure.
JUST IN: World's largest futures exchange CME says the Clarity Act being signed into law will further cement "Bitcoin as a durable fixture in the financial landscape." 🚀
Why doesn’t Bitcoin have native capital markets infrastructure?
For years, users have had to leave BTC behind to use yield, credit, and DeFi products.
The next phase is about building directly on Bitcoin itself.
Read more: https://t.co/lTUhxN3TKY
39M clients.
$12.5T in assets.
Another major financial institution expanding Bitcoin access to its user base.
The infrastructure layer around Bitcoin continues to become increasingly important as institutional participation grows.
Bitcoin doesn't need to dominate a financial portfolio.
A modest allocation introduces asymmetric upside while maintaining overall structure.
That's what makes it increasingly difficult for allocators to ignore.
We are in Miami this week!
Consensus is bringing together some of the most important conversations happening across crypto, capital markets, and digital asset infrastructure.
Looking forward to connecting with builders, institutions, and teams pushing the industry forward.
Day 1 at @TheBitcoinConf 2026 is wrapping up.
Strong turnout with a clear mix of of allocators, operators, and policy voices.
Most of the conversations we had today were centered on capital deployment and how Bitcoin is being integrated into institutional portfolios.
Looking forward to the discussions ahead.
Bitcoin is 17+ years in.
Adoption isn’t the question anymore.
What comes next is how capital moves around it.
- Credit
- Collateral
- Structured products
Bitcoin capital markets are the next step as the asset matures.
A lot of attention goes to inflows.
What tends to matter more over time is how that capital moves once it’s already in the system.
As movement gets easier, is when things truly get interesting.