Grayscale Names Ethereum, Solana, BNB Chain and Canton for CLARITY Act Gains

Asset manager Grayscale has identified four blockchain networks as best positioned to capture institutional capital if the CLARITY Act becomes law, according to a research note published May 22. The report named Ethereum, Solana, BNB Chain, and Canton Network as the primary beneficiaries of clearer U.S. digital asset rules.

Grayscale’s head of research, Zach Pandl, said the selection was based on activity already occurring on each network. Ethereum leads in tokenized assets, supported by its liquidity, developer base, and established decentralized finance markets. Solana and BNB Chain ranked highly for transaction volume, stablecoin use, and decentralized applications. Canton Network was highlighted for its privacy-focused infrastructure designed for regulated financial institutions, including hosting the Depository Trust and Clearing Corporation’s tokenized Treasury pilot. The network counts JPMorgan, HSBC, and Visa among its validators and processes billions in daily settlement volume.

The CLARITY Act, which would divide oversight of digital assets between the Securities and Exchange Commission and the Commodity Futures Trading Commission, cleared the Senate Banking Committee...