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Coinbase Institutional Co‑CEO on the Next Phase of Institutional Crypto Adoption
Brett Tejpaul outlines institutional crypto’s next phase: expansion of stablecoins, tokenized assets under the Genius Act, and growth of US perpetual futures.
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What stands out
Coinbase Institutional Co-CEO Brett Tejpaul laid out a roadmap for what he called the second phase of institutional crypto adoption: stablecoins and tokenized assets moving into regulated frameworks, and US perpetual futures gaining traction. For investors, this marks a shift from selling custody and access to selling regulated products and trading primitives, which could broaden revenues beyond spot trading fees. If regulators embrace the Genius Act framework or similar rules, Coinbase could be first to package these items for banks, hedge funds, and asset managers; if not, growth will be slower and more compliance-heavy.