Rising regulatory frameworks, such because the EU’s Markets in Crypto-Belongings (MiCA) and Singapore’s Fee Companies Act (PSA), are offering much-needed readability. Traditionally, non-public blockchains have been the go-to alternative for establishments, serving as safe and compliance-friendly sandboxes. Nevertheless, their restricted and siloed nature limits participation, resulting in low liquidity, inefficient value discovery, and volatility for in any other case secure belongings. With elevated regulatory readability, decentralized blockchains, like Ethereum or Solana, will doubtless turn into the favored path for establishments.