Revolut, Robinhood and five other firms on what’s next for crypto in 2025

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Non-crypto firms are actively muscling into integer assets.
We asked Revolut, Robinhood, and Fidelity Digital Assets among different firms to stock what they’re watching successful 2025.
Their answers covered AI, regulation, tokenisation and overmuch more.

Wall Street’s coming for crypto.

Over the past 12 months, accepted concern has muscled into the realm of integer assets similar ne'er before.

In 2024, manufacture powerhouses similar BlackRock and Franklin Templeton launched spot Bitcoin exchange-traded funds; and fintechs similar Robinhood and Stripe announced plans to get crypto companies.

Elsewhere neobank Revolut and bank-funded firms similar Zodia Custody expanded their crypto offerings.

Sixteen years aft Satoshi Nakamoto launched Bitcoin arsenic an alternate to the strategy that created the 2008 fiscal crisis, crypto has go portion of that precise system.

The accepted finance, oregon TradFi successful crypto parlance, creep shows nary motion of stopping.

So what’s next? We asked starring fintechs, plus managers, banks and crypto firms backed by accepted concern players what they’re looking for successful 2025.

Julian Sawyer, CEO, Zodia Custody

The adjacent twelvemonth volition beryllium pivotal: a bullish outlook connected integer assets with greater planetary clarity connected regulations are acceptable to marque 2025 possibly the astir pivotal twelvemonth for growth.

Many are optimistic that the US volition prioritise codifying regulations, helping it drawback up with mature markets and thrust innovation.

In peculiar the precocious nominated Securities and Exchange Commission chair is expected to enactment the implementation of a integer plus regulatory model and overturn the SAB 121 guideline, providing further clarity and assurance to investors.

In Europe, the afloat instauration of the long-gestating Markets successful Crypto-Assets, oregon MiCA, authorities volition mean investors and manufacture participants volition person a wide runway, helping to bring antecedently disparate regulatory approaches unneurotic and enactment Europe connected a acold stronger footing.

There are reasons to beryllium optimistic beyond regulation.

Tokenisation of real-world assets is possibly the single-most important innovation that volition genuinely unleash the imaginable of integer assets, arsenic businesses and institutions question much businesslike ways to digitise and commercialized tangible assets.

These trends awesome a maturing industry, expanding blockchain’s utility-expanding cryptocurrencies.

As spot grows, 2025 could people a caller epoch of organization and retail participation, reinforcing integer assets arsenic an integral portion of the planetary fiscal landscape.

Leonid Bashlykov, caput of merchandise — crypto, Revolut

The crypto manufacture finds itself connected a large footing heading into 2025, peculiarly fixed the caller all-time highs we’ve experienced successful caller weeks.

A displacement successful the governmental concern successful the US could make a affirmative way for crypto’s aboriginal globally.

2025 was ever going to beryllium large from a regulatory position nary substance the SEC’s stance acknowledgment chiefly to the advent of MiCA crossed the European Economic Area, which brings overmuch greater clarity connected however to run successful the market.

Meanwhile successful the UK, the Financial Conduct Authority has published a Crypto Roadmap, which has provided further clarity successful presumption of crypto-specific legislation.

Johann Kerbrat, wide manager crypto, Robinhood

We’re watching the organization abstraction a lot. We’ve seen large acquisitions this year, similar Stripe’s acquisition of Bridge.

We besides spot a batch much radical looking astatine stablecoins and getting excited astir tokenisation of existent satellite assets

At the aforesaid time, much radical present recognize however they tin usage the exertion and to supply a amended lawsuit experience. They’re gathering much and much games and different products onchain.

That’s thing I’m getting truly excited about, particularly products specified arsenic integer loyalty cards that are crypto-powered, but not needfully person crypto beforehand and centre. Instead they usage crypto successful the background, nether the hood, to trim fees and amended speed.

The past 1 we’re watching intimately is the intersection betwixt crypto and artificial intelligence.

There’s a batch of treatment astir just remuneration for creators that person their worldly utilized to bid AI, and crypto tin play a large portion there.

Martha Reyes, probe analyst, Fidelity Digital Assets

Stablecoins person flourished owed to their usage successful integer assets trading and arsenic an entree constituent to US dollars, a comparative store of value, and means of outgo astir the world.

2024 marked a milestone with EU regularisation connected stablecoins coming into unit successful June, the archetypal large jurisdiction to present one, with galore wondering if different regions volition bash the same.

Looking ahead, stablecoin merchandise offerings whitethorn proceed to proliferate and facilitate integration with accepted banking rails, arsenic good arsenic entree to different cash-like instruments.

They could coexist oregon vie with tokenised deposits issued straight by banks and facilitate trading of tokenised accepted securities, driving efficiencies and the continued presumption of the US dollar arsenic the planetary reserve currency.

David Alderman, probe analyst, Franklin Templeton Digital Asset Management

In 2025, the crypto scenery volition apt spot pivotal advancements shaped by regulatory clarity, organization adoption, and technological evolution.

Financial regulators globally are apt to follow a much favourable stance connected tokenisation and crypto broadly.

We judge this volition beryllium led by US regulators specified arsenic the SEC, enabling much diversified fiscal oregon concern products associated with crypto specified arsenic ETFs oregon tokenised information products

We volition spot large TradFi players and crypto infrastructure statesman to intersect, whether it beryllium crypto-native firms entering the securities concern oregon TradFi firms launching crypto-related products, specified arsenic a stablecoin.

A stablecoin regulatory framework successful the US is anticipated and volition unfastened doors for large fiscal institutions to contented their ain stablecoins

Bitcoin volition solidify its presumption arsenic a planetary fiscal asset, buoyed by expanding authorities and organization support. Strategic BTC reserves volition apt beryllium added by immoderate nations, spurring broader adoption of BTC arsenic a store of worth and reserve plus globally

Decentralised carnal infrastructure networks (DePIN) could spot heightened request arsenic industries prioritise decentralised and businesslike solutions for real-world applications similar logistics and the net of things.

AI agents volition go much prevalent successful the crypto sector, automating onchain transactions, portfolio management, and merging societal components similar societal media with onchain activities autonomously, astatine slightest partially

Overall, 2025 volition people a displacement from speculation to utility, arsenic crypto’s foundational technologies go integral to planetary fiscal and operational systems.

Stakeholders should ticker regulatory developments, organization moves, and advancements successful AI-crypto convergence to navigate this dynamic landscape.

Geoff Kendrick, planetary caput of integer assets research, Standard Chartered

Institutions person net-bought 693,000 Bitcoins YTD successful 2024, via US spot ETFs and ample purchases by MicroStrategy.

This equates to 3.3% of each Bitcoins that volition EVER beryllium and has propelled Bitcoin done $100,000.

In 2025, we expect organization flows to proceed astatine oregon supra the 2024 pace.

MicroStrategy is moving up of its $42 cardinal three-year plan, truthful its purchases successful 2025 should lucifer oregon transcend its 2024 purchases.

As for US ETFs, we enactment from SEC 13F filings that pension funds marque up lone 1% of the reported holdings successful the 9 caller ETFs.

We expect that to summation successful 2025, pursuing regulatory changes from the Trump administration, making it easier for accepted concern to enactment successful integer assets.

This volition thrust the Bitcoin terms to our end-2025 people astir the $200,000 level. We would crook adjacent much bullish if Bitcoin saw much accelerated uptake by US status funds, planetary sovereign wealthiness funds, oregon a imaginable US strategical reserve fund.

Ethereum has besides been a large beneficiary of inflows to the spot ETFs since the US election.

Before the predetermination the spot ETFs had nett mislaid $500 cardinal since their inception successful July owed to outflows from Grayscale.

Since the predetermination they person seen nett inflows of $2 billion, putting inflows astir connected par with those into Bitcoin since past $9.5 cardinal successful a stock of marketplace headdress sense.

Continued inflows successful 2025 should assistance propel Ethereum to our year-end 2025 people astir the $10,000 level.

Altcoins volition besides payment done the year, but apt successful a much volatile fashion.

Looking astatine antithetic end-use cases, we expect further maturation successful gaming and tokenisation; we spot imaginable for accelerated maturation successful subcategories that are successful their infancy, specified arsenic DePin and user social.

Katalin Tischhauser, caput of concern research, Sygnum

We whitethorn spot repeated request shocks up arsenic a batch of caller wealth flows into the crypto marketplace successful 2025.

We person lone seen the precise beginnings of organization inflows into the ETFs and portfolio allocations to the crypto plus class.

The perchance rapidly declining US regulatory hazard supports this trend, and the precise existent anticipation of cardinal slope Bitcoin reserves would accelerate request acold beyond what the inactive comparatively tiny marketplace capitalisation tin sorb without important terms impact.

After monolithic concern successful stablecoin and tokenisation infrastructure by some accepted fiscal institutions and decentralised platforms, we mightiness expect wide adoption of stablecoins successful payments arsenic good arsenic wide usage of tokenised assets successful trading and investments to commence successful 2025.

Although we expect that regulatory changes volition marque the issuance of further crypto ETFs possible, we bash not spot important request for further azygous token ETFs.

The anticipation of ETFs tin thrust the prices of assorted tokens but the world whitethorn good disappoint.

The altseason could extremity up replicating past cycles successful being driven mostly by hype and sentiment alternatively than fundamentals, being led by memecoins successful this cycle.

However, if accelerated advancement is made connected regularisation which would let token structures wherever existent economical worth accrues to the asset, past we could spot a wide based, fundamentally driven revival of usage cases and altcoins.

The insights supra person been edited for clarity.

Update January 2, 2025: An earlier mentation of this communicative said that we had spoken with radical moving astatine Fidelity Digital Asset Management alternatively of the close sanction of the Fidelity Investment subsidiary Fidelity Digital Assets.

Eric Johansson and Liam Kelly screen crypto backing trends for DL News. Got a tip? Email them astatine [email protected] and [email protected].

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