Hi Community,
We're seeing Stablecoins, Tokenisation, and the Agentic economy gain momentum across multiple sectors.
One of the questions we're being asked regularly is how to value the underlying blockchains such as Ethereum. Our Research team has recently published a paper on exactly this, which I thought may be of interest:
'How to Actually Value Ethereum'
By way of context:
- Stablecoins: $300B+ market cap; $33T transaction volume in 2025, with $28T in Q1 2026 alone
- Tokenisation: As Larry Fink (BlackRock) stated, "If it can be tokenised, it will be tokenised." DTCC, which processes ~$4 quadrillion in securities transactions is exploring tokenisation of assets including Russell 1000 equities, U.S. Treasuries and ETFs such as the S&P 500, as are Nasdaq & NYSE.
- Agentic AI economy: AI agents are increasingly able to transact autonomously using programmable, borderless forms of exchange (e.g. Stablecoins), purchasing tokenised (fractionalised) assets.
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Harriet Thompson
Sales Associate
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