15 Blockchain Firms Powering Wall Street’s Adoption: Who’s Leading?

BeInCrypto Institutional Research: 15 Blockchain Infrastructure Firms Powering Wall Street Adoption

The BeInCrypto Institutional 100 program—a yearly, research-based initiative that celebrates top companies in the digital asset space—includes a category for Best Blockchain Infrastructure. The program evaluates excellence across 26 areas, built on six core principles.

This group falls under our sixth key area: Tokenization & Enterprise Blockchain. The following 15 companies, which include blockchain networks and infrastructure providers, are listed in alphabetical order – they are not ranked. We’ll announce a smaller selection of finalists in May 2026, and the overall winner will be revealed at Proof of Talk in Paris on June 2nd and 3rd, 2026.

Key Facts

  • Long list: 15 firms across public Layer 1s, public Layer 2s, permissioned enterprise DLT, modular data availability, institutional middleware, and post-trade infrastructure.
  • Initial pool: More than 30 blockchain infrastructure firms screened; 15 advanced to the long list.
  • Order: Listed alphabetically, not ranked.
  • Scoring: 50% quantitative data · 50% Expert Council.
  • Criteria assessed: Institutional adoption, technical performance, developer ecosystem, security and uptime, compliance features, interoperability, TVL, and activity.
  • Boundary scope: This category evaluates the chain or infrastructure layer itself, not the applications built on top of it.
Firm / Chain HQ & Listing Reach & Institutional Infrastructure Representative Work
Ault Blockchain Las Vegas, USA

Ault Capital Group subsidiary of Hyperscale Data

Cosmos SDK with full EVM compatibility

CometBFT consensus, 1-second blocks, EIP-1559 fee market, and KYC-verified DAO governance

Public testnet launched Feb 2026 under newly launched edge-case scoring

Ault Markets StableShare SaaS planned for tokenized securities, real estate, and RWAs

Avalanche New York, USA

Ava Labs

Subnet architecture rebranded as Avalanche L1s

Permissioned custom chains with compliance flexibility and sub-second finality

KKR private equity fund tokenized with Securitize

JPMorgan Onyx, Citi, and Franklin Templeton have used Avalanche-linked institutional pilots or deployments

Base San Francisco, USA

Coinbase Inc. · NASDAQ: COIN

Optimistic rollup on Ethereum built on OP Stack

Approximately $3B+ TVL; operated by Coinbase with native USDC and Circle Mint integration

Hosts most x402 agentic payment activity by Coinbase disclosure

JPMorgan Kinexys JPMD tokenized deposit deployed on Base

Canton Network New York, USA

Digital Asset Holdings

Permissioned privacy-preserving DLT for financial services

DAML smart contracts and super-validator model with protocol-level confidentiality

Broadridge DLR processes $1T+ monthly tokenized repo volume

Goldman Sachs DAP, BNY fund administration, and Société Générale-FORGE issuance run on Canton-linked infrastructure

Celestia Cayman Islands

Celestia Labs

Modular data availability layer separating DA from execution

Mainnet beta launched Oct 2023; backed by Polychain, Bain Capital Crypto, and Galaxy Digital

Powers modular chains including Eclipse, Manta, Movement, Initia, and Hyperliquid migration plans

Supports purpose-built financial chains needing cheaper data availability

Chainlink Cayman Islands

Chainlink Labs

Oracle network and CCIP interoperability layer

Approximately $20T+ in total value secured across institutional and DeFi integrations

SWIFT selected CCIP for cross-border interoperability

DTCC Smart NAV and Sibos corporate-actions work expanded institutional use cases

DTCC New York, USA

Depository Trust & Clearing Corporation

World’s largest post-trade financial market infrastructure

About $2.5 quadrillion annual settlement volume; Project Ion DLT clearing in production

Smart NAV with Chainlink distributes regulated fund data

Broadridge DLR partnership supports tokenized repo infrastructure

Ethereum Zug, Switzerland

Ethereum Foundation

Largest public smart-contract network by TVL

Pectra and Dencun upgrades improved account abstraction and L2 economics

Hosts major tokenized assets including BlackRock BUIDL and Franklin Templeton BENJI

Primary issuance layer for Securitize, Ondo, Maple Finance, and other tokenization platforms

Hedera Richardson, Texas

Hedera Hashgraph

aBFT hashgraph consensus with EVM-compatible smart contracts

Governing Council includes major corporates and financial institutions

Enterprise deployments include Coupon Bureau, Avery Dennison, ServiceNow, and DBS tokenization pilots

Strong TradFi and enterprise council structure supports institutional credibility

Polygon Bermuda / New York

Polygon Labs

Multi-chain Ethereum L2 ecosystem

Polygon PoS, zkEVM, Polygon CDK, and AggLayer architecture

Hosts Franklin Templeton BENJI, BlackRock BUIDL, Siemens digital bond, and Hamilton Lane tokenized private equity

One of the most enterprise-adopted public chains after Ethereum

Provenance Blockchain New York, USA

Figure Markets · NASDAQ: FIGR

Purpose-built financial Layer 1 launched in 2018

OPEN equity network and YLDS yield-bearing stablecoin support financial workloads

More than $21B in HELOC loan originations on Provenance

Figure Markets IPO validated the purpose-built financial L1 thesis

R3 Corda New York / London

R3

Enterprise DLT framework launched in 2016

Permissioned architecture with 200+ institutional nodes and long production history

SIX Digital Exchange runs on Corda

Tier-1 deployments include HSBC, Allianz, Wells Fargo, ING, BBVA, NatWest, and Bank of America

Solana Zug, Switzerland

Solana Foundation

High-throughput public Layer 1 with sub-second finality

Approximately $8B+ TVL and second-largest stablecoin chain with about $12B+ stablecoins

Supported high agentic-payment and x402 transaction activity

Pay.sh with Google Cloud launched May 2026; PayPal PYUSD and Visa settlement are live

VeChain Singapore

VeChain Foundation

Public enterprise Layer 1 with delegated PoS

Hayabusa and Interstellar upgrades improved decentralization and EVM compatibility

Walmart China food traceability remains a long-running enterprise deployment

DNV, BMW, LVMH, and BCG partnerships support supply-chain and sustainability use cases

XDC Network Singapore

XDC Network Foundation

Public enterprise Layer 1 with delegated PoS

ISO 20022 alignment, XDC 2.0 consensus upgrade, and EVM compatibility

TradeFinex and Liqi support trade finance activity on XDC

Partnerships include SBI Holdings, Deutsche Telekom, R3 Corda, Impel, and VERT Capital

About This List

The BeInCrypto Institutional 100 – Best Blockchain Infrastructure (2026 Long List) highlights the blockchains and related technologies that are expected to support institutional digital asset operations. This includes major public blockchains, scaling solutions for Ethereum, private blockchains for businesses, data storage networks, decentralized data providers, systems for connecting different blockchains, and the infrastructure needed to process and settle financial transactions.

We don’t assess applications created using these specific blockchain technologies. Instead, businesses using these technologies should submit for evaluation under Category 6.1: Best Enterprise Blockchain Implementation. Platforms focused on creating stablecoins or tokenizing assets will be judged using their own separate evaluation criteria.

Methodology

This category’s score is determined using the BeInCrypto Institutional 100 methodology’s Track A, which gives equal weight to data-driven measurements (50%) and assessments from our Expert Council (50%).

The evaluation covers seven key areas: how widely the system is used, its technical capabilities, the strength of its developer community, its reliability and security, features for meeting regulations, how well it works with other systems, and the total value locked and user activity.

We confirmed the data using a variety of reliable sources, including DefiLlama, L2Beat, Etherscan, Solscan, and official blockchain explorers. We also checked transaction records from Chainlink CCIP and the Canton Network, as well as company reports, SEC filings, regulatory databases, rwa.xyz, platform disclosures, and reports from rating agencies. Finally, we consulted financial data sources like PitchBook, Tracxn, and Crunchbase, and reviewed coverage in mainstream financial news outlets.

We checked for potential security flaws in the system’s core rules, disruptions to network activity, imbalances in who controls the network, how sensitive data is categorized, and whether the parent company is enforcing its rules.

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2026-05-19 01:37