Tech Giant to Launch Crypto Wallet, FinTech L1S in 2026
Big Tech Company By 2026, crypto will integrate wallets, and more Fortune 100 companies will launch their own blockchains, said Haseeb Qureshi, managing partner of VC firm Dragonfly.
Fintech says launching L1s won't attract enough users to compete with public chains like Ethereum and Solana.
In a post to X on Monday, Qureshi said the majority of Fortune 100 adoption will come from the banking and fintech sectors, with many using the Avalanche blockchain and crypto toolkits such as OP stack, Orbit and ZK Stack. The setup allows these networks to be more private and permissioned while remaining connected to the public blockchain.
A number of Fortune 100 companies in the financial services industry have built private blockchains, including JPMorgan, Bank of America, Goldman Sachs and IBM – although many of these solutions are still in the experimental stage or only used in limited ways.
Earlier this month, crypto investment firm Galaxy Digital predicted that at least one Fortune 500 bank, cloud provider, or ecommerce platform would launch a Layer 1 blockchain and bridge decentralized access to finance by 2026 that would streamline more than $1 billion in real economic activity.
Qureshi also believes that one of the Big Tech companies that dominate online life – Google, Meta or Apple – will launch or acquire a crypto wallet by 2026 – a move that has the potential to onboard billions of users to crypto.
Public fintech chains do not threaten Ethereum's dominance.
However, Qureshi is not bullish on new L1 blockchains developed by fintech companies – arguing that they will not attract enough users or generate enough network activity to challenge crypto-native networks such as Ethereum and Solana.
“Despite the excitement surrounding the recent crop of fintech chains, their metrics remain low.” Daily active addresses, stable coin flows, and RWAs—Tempo, Arc, and Robinhood Chain yield, while Ethereum and Solana overyield.
“The best developers will continue to build on independent infra chains,” Qureshi added.
Bitcoin rises by $150K but loses market share.
When it comes to price predictions, Dragonfly's executive expects Bitcoin to trade above $150,000 by the end of 2026, but hints that Bitcoin's dominance will fall.
Galaxy Digital has gone to great lengths to make a strong prediction and said that 2026 will be “too chaotic” to even predict because the price could reach between $50,000 and $250,000 by the end of next year.
Meanwhile, Qureshi expects the $312 billion stablecoin market to grow by 60% by 2026, with current market leader Tether (USDT)'s dominance falling from 60% to 55%.
Qureshi is bullish on prediction markets, but not AI in crypto.
Prediction markets will continue to flourish next year, but AI won't find a use case in crypto beyond security, Qureshi said.
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“AI agents will still not pay ‘each other' or spend any meaningful money in 2026,” Qureshi said, also predicting that there will be no effective solution to stop the spread of spam bots on social platforms.
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