Dragonfly partner: Major tech companies may launch crypto wallets in 2026, while fintechs building their own L1s are unlikely to gain traction

According to Odaily, Haseeb Qureshi, Managing Partner of crypto venture capital firm Dragonfly, recently stated that a major tech company may integrate or acquire a crypto wallet in 2026, while more Fortune 100 companies will attempt to launch their own blockchains. However, he also pointed out that fintech companies' attempts to counter mainstream blockchains by building their own L1 public chains are unlikely to succeed overall.

Qureshi posted on X that the next wave of enterprise adoption will mainly come from the banking and fintech sectors. Some institutions may build more private, permissioned networks based on public chains such as Avalanche, using existing tools like OP Stack, Orbit, and ZK Stack, while maintaining connections to public blockchains. Previously, financial giants such as JPMorgan, Bank of America, Goldman Sachs, and IBM have explored private blockchains, but most remain at the testing or limited application stage.

He also predicted that among the major tech companies dominating the internet ecosystem (such as Google, Meta, or Apple), one may launch or acquire a crypto wallet in 2026, a move that has the potential to bring billions of users into the crypto ecosystem.

However, Qureshi is not optimistic about the "public" L1s launched by fintech companies, believing that they will struggle to compete with crypto-native networks such as Ethereum and Solana in key metrics such as active addresses, stablecoin liquidity, and RWA. "The best developers will still choose neutral infrastructure chains."

On the price front, Qureshi expects Bitcoin to rise above $150,000 by the end of 2026, but its market dominance may decline. The stablecoin market size is expected to grow by about 60% by 2026, while USDT's share may fall from around 60% to 55%. He is also optimistic about the continued growth of prediction markets, but believes that aside from security scenarios, AI is unlikely to achieve large-scale adoption in the crypto space in the short term. (Cointelegraph)