The Rollup How Tokenization Is Disrupting Legacy Finance (...And What Comes Next) - Bitwise CIO Matt Hougan
Feb 19, 2026
Matt Hougan, Bitwise CIO and ETF/crypto veteran, breaks down tokenization, vaults, and institutional DeFi adoption. He explains why tokenized ETFs are imminent. He contrasts permissioned vs open DeFi and wallet-driven distribution. He previews how vaults could reshape asset management and what neo finance means for markets.
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Bitwise Owns Index And Asset Layers
- Bitwise builds both index IP and ETF asset management capabilities to own more of the stack.
- The firm vertically integrates staking and indexing to earn trust from clients.
Teach Traditional Advisors Directly
- Educate traditional advisors through repeated, high-quality engagement to onboard them to vaults.
- Provide clear, simple materials explaining mechanics, risks, and monitoring.
Vaults Could Replace Funds
- Vaults will dematerialize asset management and likely replace traditional fund structures over time.
- Early entrants like Bitwise can become leading brands in vault-native asset management.