The notion of cryptocurrencies as the backbone of Web 3.0—a third generation of the internet enabling permissionless asset ownership—is gaining popularity. However, Mert Mumtaz, CEO at Helius, argues that this perspective undermines crypto’s broader potential. According to Mumtaz, crypto isn’t limited to an internet development but is instead poised to revolutionize the modern capitalist system.
Crypto as the Next Evolution of Capitalism
Mumtaz highlights that cryptocurrencies and blockchain technology refine the essential components of capitalism. Through decentralized systems, crypto ensures the free flow of information, enforces immutable property rights, incentivizes alignment in transactions, boosts transparency, and facilitates frictionless capital flows. These elements, coupled with blockchain’s potential, address the inefficiencies present in traditional systems.
Regulation & 24/7 Capital Markets
An exciting development in the United States could further bridge the gap between traditional finance and digital assets. In a statement made by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), the agencies teased plans for 24/7 capital markets. If implemented, this would mark a significant shift from the legacy financial system’s limited hours, which currently close on nights, weekends, and holidays.
The proposal paves the way for always-on trading in stocks, commodities, and crypto assets, aligning U.S. markets with the global 24/7 digital economy. These steps include developing regulatory frameworks for perpetual futures contracts and event prediction markets, introducing continuous asset trading to a broader audience.
Tokenization: The Future of Financial Assets
Another key point of modernization revolves around tokenizing real-world assets using blockchain technology. Tokenization can support assets like stocks, stablecoins, credit, bonds, real estate, and even art or collectibles, creating new avenues for diversification and investment. This financial innovation removes intermediaries while enabling greater access and flexibility in capital markets.
For example, platforms like Robinhood have already started offering tokenized stock trading for European users. The Solana Foundation also unveiled a roadmap to further develop internet capital markets through tokenization by 2027. These initiatives underline blockchain’s role in transforming financial markets into decentralized, always-on ecosystems.
A Seismic Shift in the Economic System
With other markets such as foreign exchange and precious metals already operating continuously, expanding consistent trade to traditional financial assets will intertwine global markets, modernize financial systems, and accelerate economic growth. Blockchain and crypto offer the tools to reimagine capitalism, challenging legacy systems with innovation and efficiency.
Final Thoughts
The integration of crypto into capitalism represents the start of a new era where markets operate more seamlessly and inclusively. From 24/7 trading to tokenization, these advancements redefine how modern economies function. As the momentum toward decentralized finance grows, it’s becoming clear that blockchain and cryptocurrencies aren’t just about Web 3.0—they are the future of capitalism itself.
