Big Tech Crypto Wallets Coming by 2026, Fintech Blockchains Set to Struggle: Dragonfly
A significant Big Tech firm is probably going to combine a crypto pockets by 2026, whereas extra Fortune 100 companies are anticipated to roll out their very own blockchains, in accordance to Haseeb Qureshi, managing accomplice at Dragonfly.
Key Takeaways:
- Big Tech and main banks are anticipated to broaden blockchain use by 2026.
- Most non-public blockchain efforts stay small-scale pilots.
- Fintech L1s are unlikely to rival Ethereum or Solana.
In a post on X, Qureshi mentioned a lot of the subsequent wave of company blockchain adoption will come from banks and fintech companies, quite than client manufacturers or crypto-native startups.
He expects these firms to favor modular setups constructed on infrastructure comparable to Avalanche, together with tooling like OP Stack, Orbit, and ZK Stack, permitting companies to function permissioned or semi-private networks whereas nonetheless settling to a public blockchain.
Major Banks Test Private Blockchains, however Adoption Remains Limited
Several monetary heavyweights have already experimented with non-public blockchains, together with JPMorgan, Bank of America, Goldman Sachs, and IBM.
However, most of those initiatives stay restricted to pilots or narrowly scoped use circumstances.
Earlier this month, Galaxy Digital echoed that view, predicting that no less than one Fortune 500 financial institution, cloud supplier, or e-commerce platform would launch a layer-1 blockchain in 2026 able to settling greater than $1 billion in actual financial exercise, full with a bridge into decentralized finance.
Qureshi additionally expects one of many dominant Big Tech companies, doubtlessly Google, Meta, or Apple, to launch or purchase a crypto pockets subsequent yr.
Such a transfer, he argued, may immediately expose billions of customers to digital belongings, far surpassing the onboarding capability of any crypto-native app.
Despite rising curiosity in fintech-led blockchains, Qureshi is skeptical that these networks will achieve significant traction.
He mentioned layer-1s launched by fintech companies to compete with Ethereum and Solana are unlikely to appeal to sufficient builders or customers.
“Despite the thrill across the latest crop of fintech chains, their metrics will underwhelm,” Qureshi wrote, pointing to weak each day energetic addresses, stablecoin flows, and real-world asset exercise.
In distinction, he expects Ethereum and Solana to proceed outperforming as builders gravitate towards impartial, crypto-native infrastructure.
Bitcoin Seen Above $150K by 2026, however Dominance May Fade
On the market facet, Qureshi forecast that Bitcoin will commerce above $150,000 by the top of 2026, although he expects its dominance to decline as capital rotates into different sectors.
Galaxy Digital declined to supply a exact goal, calling 2026 “too chaotic” and warning Bitcoin may finish the yr wherever between $50,000 and $250,000.
Qureshi additionally predicts the $312 billion stablecoin market will broaden by roughly 60% subsequent yr, whereas Tether sees its share slip from about 60% to 55%.
Looking forward to 2026, the business stays divided. Strategy CEO Phong Le has argued that Bitcoin’s underlying fundamentals held up all through 2025 regardless of weaker costs, whereas Bitwise chief funding officer Matt Hougan mentioned earlier this yr that he expects 2026 to be an “up yr” for the asset.
According to Linh Tran, market analyst at XS.com, Bitcoin’s recent price action underscores the market’s sensitivity to financial coverage expectations quite than headline financial knowledge.
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