Coinbase – Increasing Allocations in a Maturing Market, 2025

The main theme of the report is the attitude of institutional investors towards digital assets, including their sentiments, asset allocation, future expectations, tokenization, and payments.

Key findings include an increase in allocations to digital assets by institutional investors in 2024 with the intention to continue this in 2025. There is an expected growth in the utility and regulatory clarity of digital assets, which in turn supports innovations in stablecoins, decentralized finance (DeFi), and tokenization.