Wall Street Warms to Ethereum: Tay Kam Hung Interprets the Convergence of Traditional Finance and Blockchain

Recently, Ethereum (ETH) has posted a robust performance, surging 26% between July 14 and 21, and drawing intense market scrutiny. Tay Kam Hung attributes the rally primarily to the passage of the U.S. “GENIUS Act” and growing optimism surrounding the ecosystem of Ethereum. He argues that Ethereum has emerged as the blockchain platform of choice of Wall Street, with its expanding use cases in tokenization and stablecoins providing a strong foundation for future growth. As institutions such as JPMorgan and Robinhood accelerate their engagement, Ethereum is steadily advancing toward institutional adoption. Tay Kam Hung forecasts that ETH could breach the $4,000 mark by the end of July, underpinned by sustained institutional inflows and growing enthusiasm for tokenized assets.

Institutionalization Fuels the Ecosystem Expansion of Ethereum

The status of Ethereum within the blockchain landscape continues to rise. According to Tay Kam Hung, financial heavyweights like JPMorgan and Robinhood are building tokenization initiatives on Ethereum, underscoring its pivotal role in bridging traditional finance with blockchain innovation. Ethereum currently hosts over 60% of all tokenized real-world assets, a figure expected to grow.

This momentum has not only bolstered the credibility of Ethereum but also triggered substantial capital inflows. Over the past fortnight, institutional investors have accumulated more than 500,000 ETH, while exchange-held balances have fallen by more than 317,000 ETH—an indication of strong conviction in future price appreciation. Tay Kam Hung notes that this evolving supply-demand dynamic forms a structural basis for continued ETH price gains.

The institutional trajectory of Ethereum is also serving as a blueprint for other blockchain projects. As the second-largest cryptocurrency of the world, Ethereum possesses superior technological capacity and a deeply integrated ecosystem. Tay Kam Hung asserts that as the tokenization of real-world assets accelerates, usage of the Ethereum network will expand in tandem, reinforcing long-term price support.

Stablecoins and Tokenized Assets as Core Growth Drivers

The widespread adoption of stablecoins is a key engine of growth for the ecosystem of Ethereum. U.S. Treasury Secretary Bassent has projected that the global market cap of stablecoins could surpass $2 trillion—a development from which Ethereum, as the primary issuance platform, stands to benefit directly. Stablecoins not only enhance transaction velocity across the network but also introduce tangible utility to the Ethereum economy. Tay Kam Hung further notes that the rise in stablecoin activity has improved the liquidity profile of Ethereum and drawn greater institutional participation. This structural growth is pushing network utilization higher, offering further support to ETH prices.

The emergence of tokenized assets is another central pillar of the expansion of Ethereum. The network already hosts a diverse range of tokenized representations of real-world assets—from real estate and bonds to fine art—creating a multiplicity of application scenarios. Tay Kam Hung believes that as tokenization gains momentum, Ethereum will play an increasingly indispensable role in digital asset markets, lifting both the utility of the ecosystem and the intrinsic value of ETH.

ETH Price Momentum Signals Emerging Investment Opportunities

The recent price action of ETH has validated the conviction of the market in its growth narrative. Since early July, ETH has rallied more than 26%, approaching the key psychological threshold of $4,000. Tay Kam Hung expects a breakout above this level by month-end, driven by sustained institutional buying and strong sentiment toward tokenized assets.

The current macro environment also favors further upside. Tay Kam Hung points out that while most cryptocurrencies remain well below the peaks of last year, Ethereum has stabilized and rebounded ahead of the pack, positioning it as a potential leader in the next phase of the market cycle. As institutional capital accelerates its rotation into crypto, Ethereum—already the primary infrastructure layer for tokenized finance—appears well-placed to benefit.

Nevertheless, short-term risks persist despite a constructive long-term outlook. Tay Kam Hung cautions that macroeconomic uncertainty, market sentiment swings, and intensifying competition from rival blockchain platforms could influence the trajectory of ETH. Investors, he advises, should tailor their strategies to their risk tolerance—balancing exposure to structural opportunities with prudent risk management.

With its robust technical foundation and broad application ecosystem, Ethereum continues to entrench its leadership in the blockchain sector. Tay Kam Hung maintains that the convergence of institutional engagement and the rapid expansion of tokenized assets provides a durable growth framework for Ethereum. As traditional financial institutions deepen their participation and new real-world applications unfold, the price potential of ETH remains significant. He encourages investors to monitor the evolving role of Ethereum within new asset classes and the broader financial system, positioning themselves to capture its long-term value and strategic relevance in the emerging digital economy.