Quick Breakdown
- Helius CEO Mert Mumtaz says crypto is not “Web3” but “Capitalism 2.0.”
- SEC and CFTC are considering 24/7 U.S. capital markets.
- Tokenized assets are emerging as the bridge between traditional finance and blockchain.
Helius CEO Mert Mumtaz argues that calling crypto “Web 3.0” diminishes its role, framing it instead as the next evolution of capitalism itself. His remarks come as U.S. regulators signal a move toward 24/7 financial markets and tokenized assets, bridging traditional finance with blockchain.
Mumtaz: crypto is the upgrade to capitalism
Mumtaz, who leads blockchain infrastructure firm Helius, said crypto strengthens the foundations of capitalism by enhancing property rights, transparency, incentive structures, and capital mobility. According to him, crypto’s potential extends beyond the internet’s third era.
“Crypto\’s endgame will be that it fundamentally evolves the most impactful human invention of all time: capitalism. We said crypto was Web 3.0, but that undermines it — it is actually capitalism 2.0.”
U.S. regulators eye always-on capital markets
In September, the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) released a joint statement exploring a future of continuous financial markets. The proposal would introduce 24/7 trading, regulatory frameworks for perpetual futures contracts, and new rules for prediction markets.
The agencies noted that foreign exchange, gold, and crypto already trade nonstop, suggesting U.S. markets should follow suit to match a global, always-on economy.
Tokenization: bridging traditional finance with blockchain
Tokenized assets ranging from equities and bonds to real estate and collectibles are at the core of this shift. By moving real-world assets onto digital rails, regulators and institutions are pushing finance closer to blockchain-powered capital markets.
In July, the Solana Foundation outlined a roadmap to build internet-native capital markets through 2027.
Around the same time, Robinhood introduced tokenized stock trading for European users, signaling growing adoption of tokenized products among both crypto-native and traditional players. Additionally, Kraken announced plans to introduce tokenized versions of US stocks for its non-American customers enabling 24/7 trading. This move aims to provide global investors round-the-clock access to US equities, breaking the traditional market hours barrier
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