Bitwise CIO：隐私或成下一个“杀手级应用”，Arc、Canton与Tempo融资总额超10亿美元
Odaily Bitwise CIO Matt Hougan stated that privacy is becoming a core infrastructure direction for the next phase of the crypto industry. Recently, three institution-focused blockchains centered on stablecoins and asset tokenization—Arc, Canton, and Tempo—have collectively raised over $1 billion in funding, indicating a rapid increase in institutional demand for "privacy-friendly on-chain financial systems."
Among them, stablecoin issuer Circle provided $222 million in funding for Arc, giving it a valuation of approximately $3 billion; Digital Asset's Canton blockchain is reportedly seeking $300 million in funding at a $2 billion valuation; and Tempo, backed by Stripe and Paradigm, previously completed a $500 million funding round at a $5 billion valuation.
Hougan pointed out that this funding boom reflects three major trends: the gradual clarification of the US regulatory framework, increased institutional demand for on-chain privacy, and intensifying competition among new blockchain networks backed by large enterprises. Current public chains still face a structural trade-off between speed, cost, security, and privacy. Meanwhile, stablecoin and RWA tokenization scenarios require systems to simultaneously possess high performance, compliance, and privacy capabilities, making "verifiable privacy" a key prerequisite for institutional adoption of on-chain finance.
Hougan further stated that for enterprises, "having all transactions publicly broadcast" is not an advantage but a potential flaw. In the future, users and institutions may increasingly find it difficult to accept a completely transparent on-chain financial environment. He believes that privacy capabilities are likely to become the "killer app" driving the crypto industry into the next phase of mainstream adoption. Additionally, with the passage of the US Genius Act in 2025, regulatory certainty has significantly increased, providing a clearer policy foundation for institutional capital to enter the crypto infrastructure space. (CoinDesk)
