The Rise of Institutional Crypto 'Super Apps'

The crypto landscape is evolving, moving beyond the initial rush of early adopters to a phase where institutions are poised to drive the next wave of adoption. AlphaPoint, a company that has been quietly powering crypto exchanges and wallets for over a decade, is betting big on this trend, focusing on providing the infrastructure needed for institutions to integrate crypto services.

According to AlphaPoint CEO Igor Telyatnikov, the future lies in 'super apps' – platforms that seamlessly blend trading, lending, borrowing, payments, and merchant tools. These integrated platforms, built on existing trusted infrastructure like banks and brokerages, will unlock access to crypto for the next billion users.

Examples of Institutional Crypto Integration

• El Salvador's Chivo Wallet: AlphaPoint helped upgrade this national crypto wallet, providing financial services to millions.
• Bancolombia's Crypto Exchange & Debit Card: Powered by AlphaPoint's technology, this initiative brings crypto to a major banking institution.
• InnovestX (Thailand): SCB's stock trading app now includes crypto trading using AlphaPoint infrastructure.

Key Takeaways

• Institutional Adoption is Key: The next wave of crypto users will come through platforms they already trust.
• 'Super Apps' are the Future: Seamlessly integrated platforms will drive mainstream adoption.
• Crypto is Maturing: The industry is transitioning from a 'sandbox' to a mature infrastructure.

Convergence of TradFi and Crypto

The acquisition of WonderFi by Robinhood signals a growing trend: the convergence of traditional finance (TradFi) and crypto. Institutions recognize the revenue potential of crypto and are actively seeking ways to integrate it into their existing offerings.

This shift represents a significant evolution in the crypto market, with institutions playing a crucial role in driving adoption and shaping the future of finance.