Billionaire investor Kevin O'Leary said that Wall Street's tokenization boom is mostly hype until the U.S. Congress prepares regulatory legislation. According to CoinDesk, he stated at Consensus 2026, "Bitcoin is still a fringe asset, and institutions will not adopt it without federal-level regulatory clarity. Tokenization technology is an innovative technology that can shorten settlement times and reduce costs, but institutions need legal certainty before committing capital. In fact, stablecoin adoption increased dramatically after the passage of the stablecoin regulation act GENIUS. Institutional investors are mostly interested in Bitcoin and Ethereum and have little interest in other altcoins. The corporate adoption of blockchain platforms will be a key competitive advantage in the industry going forward."
