Franklin Crypto CIO says crypto prices are disconnected from fundamentals
Institutional adoption of crypto is accelerating even as digital asset prices fail to reflect the industry’s strongest fundamentals in years, Seth Ginns said.
By AI Boost|Edited by Jennifer Sanasie
Jul 13, 2026, 8:15 p.m.
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Latest developments: In an interview with Jennifer Sanasie on CoinDesk’s Public Keys Ginns said the convergence between traditional finance and crypto continues to gain momentum despite a prolonged market slump
- Franklin Crypto aims to build a leading fundamental crypto investment platform following Franklin Templeton’s acquisition of 250 Digital, the firm that emerged from CoinFund’s liquid investment business, Ginns said.
- While venture capital remains a natural fit for institutional allocators, Ginns said current market conditions also make liquid crypto investments increasingly attractive.
- “There’s a big disconnect between where prices are and real fundamentals,” Ginns said, pointing to growing institutional engagement across the sector.
What this means: Ginns identified several developments that could bring more institutional capital into crypto markets.
- He pointed to Robinhood’s blockchain initiative as an example of traditional financial distribution moving onto crypto rails, creating new opportunities for developers and users.
- Ginns also cited growing interest in tokenized money market funds, which could allow investors to earn yield while maintaining on-chain portability.
- Tokenized equities, stablecoin adoption and broader financial infrastructure are all contributing to the convergence of traditional finance and blockchain technology, he said.
Reading between the lines: Regulatory clarity and improved token economics could become the next catalysts for crypto markets.
- Ginns said an upcoming Senate vote on the CLARITY Act could provide institutions with greater certainty about how digital assets will be regulated.
- He also expects more crypto projects to improve how value accrues to their tokens, arguing that stronger tokenomics are becoming increasingly important for fundamental investors.
- Hyperliquid was one example Ginns highlighted, saying its revenue-driven token buyback model has supported both fundamentals and price performance.
Worth watching: Ginns believes established crypto projects could regain investor attention as they rethink their token models.
- He pointed to decentralized finance protocols such as Uniswap and Aave, as well as oracle network Chainlink, as examples of projects that could benefit from improved value capture for token holders.
- Ginns also said Stellar’s efforts to deepen institutional engagement stand out among blockchain infrastructure projects.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
9 hours ago
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.