How Institutions Evaluate Crypto: Canton Network, Tokenization & Altcoins w/ Joshua Frank

Summary

Joshua Frank, CEO of The Tie, joins the Milk Road Show to explain how institutions evaluate crypto. He argues the market is in a bearish phase for altcoins because there is no clear net new buyer, while long-term institutional flows into Bitcoin, Ethereum, and Solana via ETFs remain early. He highlights Canton Network as a major institutional chain initiative and says token prices will increasingly require real usage, revenue, and burn. Frank also discusses The Tie's Staken acquisition, staking, and a compliant institutional messaging product.

• Joshua Frank says crypto has shifted from bull to bear market, especially for altcoins.
• No clear net new altcoin buyer; retail burned, VC not replaced by liquid funds, token supply rising.
• Long-term institutions are slowly entering BTC, ETH, SOL via ETFs; future multi-asset crypto ETFs could add demand.
• Canton Network is gaining institutional traction from JPMorgan, Nasdaq, DTCC, and Digital Asset investors.
• Canton's token value depends on real usage and burn, not just institutions putting assets on-chain.
• The Tie acquired Staken and is building a compliant enterprise messaging app for institutions.
• Frank says he is slowly deploying into crypto and would buy Bitcoin on weakness if long-term.
• Fundamentals, revenue, buybacks, burns, and real token demand will matter more as institutions enter.