The Milk Road Show How Institutions Evaluate Crypto: Canton Network, Tokenization & Altcoins w/ Joshua Frank
Jan 8, 2026
Join Joshua Frank, CEO of The Tie and crypto analytics expert, as he dives into how institutions truly evaluate cryptocurrency. He reveals why many altcoins struggle to attract buyers and discusses the surprising significance of the Canton Network for major banks. Learn how institutional metrics differ from retail perceptions, and why ETFs may not be what they seem. Joshua also outlines the importance of real on-chain demand and shares insights on institutional trends in tokenization and enterprise blockchain.
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Market Shifting From Speculation To Infrastructure
- Crypto is shifting from pure speculation to infrastructure that TradFi wants to plug into.
- Without clear net-new buyers for altcoins, capital will rotate and create pronounced winners and losers.
Institutional Fundraising Has Stalled
- New institutional capital into crypto funds has not meaningfully increased since 2021–22 according to Form D filings.
- That lack of fresh institutional and retail dollars, plus more tokens, explains current market weakness.
Institutional Use Doesn’t Equal Token Demand
- TradFi institutions are increasingly building on and testing blockchains for tokenization and payments.
- Institutional usage alone doesn't guarantee token price upside unless tokenomics capture that usage via burn or demand.