Summary

• Blockchain rails are displacing the deposit layer - tokenization compresses settlement time and expands trading hours, while GENIUS Act stablecoins create a compliant crypto rail that bypasses traditional deposits.
• Corporations are building their own chains to defend core economics rather than pay 'protocol taxes' to public networks.
• Many public crypto projects will lose substantial value if they cannot assert their revenue-generating use cases in a world awash in corpchains.

Corporations are building their own blockchains to capture settlement economics previously flowing to public chains. We examine the $60B+ opportunity.

The Rise of Corporate Blockchains: Settlement Goes Onchain, Value Capture Goes In-House

Since the