Institutions managing €800 billion ask what crypto tokens actually earn

According to CryptoSlate, representatives of institutions managing about €800 billion in assets discussed crypto during closed-door meetings. Brendan Ma, head of investment strategy at the Arbitrum Foundation, stated that private bankers and wealth managers are seeking a clear link between network activity, revenue, and investable value. Allocators questioned how network activity connects to assets that investors can own.

Ma noted that investors want durable network revenues and a profit-and-loss statement geared toward reinvestment. He distinguished between institutions deciding whether to allocate capital to crypto tokens and those building blockchain products independently of token investments. Pointing to tokenization, Ma mentioned that stablecoins and Treasuries came first, with a race now underway across private credit, equities, commodities, and hedge fund strategies.

CryptoSlate reported that growthepie recorded $51 million in Robinhood Chain network fees in the third quarter, with 74% concentrated in a 12-day burst, alongside $591.4 million in application revenue and stablecoin supply growth to $1.07 billion. Meanwhile, Arbitrum's documentation indicates that ARB provides holders with governance rights, leaving investment committees questioning how network economics translate to token returns.