Dragonfly Partner: Major Tech Companies May Launch Crypto Wallets in 2026; Fintech Companies' Self-Built L1 Platforms Unlikely to Gain Momentum

According to Odaily Planet Daily, Haseeb Qureshi, managing partner of crypto venture capital firm Dragonfly, recently stated that a major tech company may integrate or acquire a crypto wallet in 2026, while more Fortune 100 companies will attempt to launch their own blockchains. However, he also pointed out that fintech companies' attempts to compete with mainstream public chains by building their own L1 public chains are generally unlikely to succeed.

Qureshi stated in an article on the X platform that the next wave of enterprise adoption will primarily come from the banking and fintech sectors. Some institutions may build more private, permissioned networks based on public blockchains such as Avalanche, combined with existing tools like OP Stack, Orbit, and ZK Stack, while maintaining connections to public blockchains. Previously, financial services giants such as JPMorgan Chase, Bank of America, Goldman Sachs, and IBM have explored private blockchains, but most remain in the testing or limited application stages.

He also predicted that one of the major tech companies that dominate the internet ecosystem (such as Google, Meta, or Apple) may launch or acquire a crypto wallet in 2026, a move that has the potential to bring billions of users into the crypto ecosystem.

However, Qureshi is not optimistic about the "public" L1 blockchains launched by fintech companies, believing that they will have difficulty competing with crypto-native networks such as Ethereum and Solana in key metrics such as active addresses, stablecoin liquidity, and RWA. He believes that "the best developers will still choose neutral infrastructure chains."

In terms of price, Qureshi predicts that Bitcoin may rise to over $150,000 by the end of 2026, but its market dominance may decline. The stablecoin market is expected to grow by about 60% in 2026, while USDT's share may fall from about 60% to 55%. He is also optimistic about the continued growth of the prediction market, but believes that AI will struggle to achieve large-scale application in the crypto space in the short term, except for security scenarios. (Cointelegraph)