Wall Street Is Moving Finance On-Chain: Who Will Be the Biggest Winners, and What Should Retail Investors Watch Out For?

Traditional finance is entering the crypto world through ETFs, tokenization, and on-chain services. But institutional adoption does not automatically mean ordinary users will benefit. The real questions are: As Wall Street moves on-chain, who gains access to new opportunities, and who is simply being swept along by the hype？　　This article is based on the transcript of an X Space livestream organized by WikiBit on the theme “Wall Street Goes On-Chain.” The discussion focused on a straightforward question: As Wall Street moves onto the blockchain, who stands to benefit the most in the crypto world？　　The host opened by highlighting a central contradiction. On one hand, traditional finance is accelerating its entry into crypto, with ETFs, tokenized assets, and on-chain services emerging at a rapid pace. On the other, markets remain caught between inflation, interest rates, global risk sentiment, and concerns over user protection. Institutional activity is growing, but confidence has not automatically translated into demand.　　This raises two key questions:Who actually benefits from Wall Streets entry into crypto？For ordinary crypto users, what constitutes meaningful adoption？　　The livestream featured three guests from different backgrounds: MEJ from Gold House, a representative from RBC Group, and Akai, Community Manager at Bazaars.　　The diversity of the panel highlighted