VanEck CEO Unveils the REAL ’Wall Street Token’—And It’s Not XRP

Wall Street's favorite crypto isn't what you think. VanEck's chief just dropped a bombshell—and the usual suspects didn't make the cut.

Forget the hype trains. This isn't about retail darling XRP or meme-fueled momentum. It's about institutional adoption, regulatory clarity, and cold, hard utility.

The real player? A token built for compliance, scale, and seamless integration with legacy finance. One that doesn't just talk decentralization—it delivers a bridge.

Because at the end of the day, Wall Street doesn't care about revolution—it cares about returns. And this pick? It's pure pragmatism wrapped in a blockchain.

Just another day in finance—where the 'next big thing' is usually whatever makes the old thing richer.

Ethereum Crowned The “Wall Street Token” By VanEck CEO

Jan van Eck said ethereum is the blockchain network to which Wall Street institutions are increasingly turning as its smart contracts and staking features provide practical applications in finance. According to the VanEck CEO, this may be why the digital currency is becoming an integral part of today’s financial systems, with institutions already using Ethereum for stablecoin payments, decentralized finance projects, and tokenized assets.

Data shows that over 19 public companies are holding 2.7 million ETH in their treasuries. Many of these companies are utilizing staking to generate a steady income. Investment advisers are also involved, with $1.3 billion in Ether ETF exposure, and Goldman Sachs accounts for more than half of that amount.

VanEck itself has joined this trend. The global investment management firm launched its Ethereum ETF in July 2024 and now manages over $4 million in assets. While the fund tracks Ether’s price without holding the actual tokens, it underscores the CEO’s confidence in Ethereum’s long-term role in global finance. 

Stablecoin Boom Solidifies Ethereum’s Institutional Role

Van Eck also connected Ethereum’s rise to the rapid expansion of stablecoins. He points to the GENIUS Act, a new law passed earlier this year that gave banks and institutions greater confidence in using stablecoins backed by the U.S. dollar. The law brought stablecoins into the regulated financial system, and Van Eck said this has only strengthened Ethereum’s role as the backbone of digital finance.

“Every bank and every financial services company has to have a way of taking in stablecoins,” Van Eck said. He added that banks will eventually have to build on Ethereum or on chains that use “Ethereum-kind of methodology.”

Currently, Ethereum controls over 50% of the $280 billion stablecoin market, and experts say this figure could grow into the trillions in the coming years. Van Eck says Ethereum could benefit the most from the adoption of stablecoins by more banks and institutions. For the VanEck CEO, Ethereum is more than an altcoin; it is now the network at the center of the future financial world. That is why he called it the “Wall Street token” and predicts that it will play a leading role in the stablecoin and digital dollar revolution.