Robinhood stated at Consensus Miami 2026 that Wall Road is now actively constructing on crypto rails, although institutional adoption is shifting slower and extra fragmented than the trade anticipated.
Executives from Robinhood-owned Bitstamp, Ondo Finance, and Babylon Labs informed Consensus Miami 2026 on Wednesday that Wall Road’s migration into crypto is actual however slower and extra fragmented than the trade anticipated.
The panel, titled “Is the Wall Road Herd STILL Coming?”, framed institutional adoption as settled in course however unsure in tempo.
Robinhood VP of Crypto Establishments Nicola White stated the dynamic with banks has shifted materially. “We’re not having conversations anymore about what blockchain is,” she stated.
“Now it’s about, how will we assist them construct?” Ondo President Ian De Bode pointed to partnerships with Broadridge and the DTCC to tokenise securities and allow blockchain-based shareholder voting as proof that institutional pipelines have moved from planning to manufacturing.
White additionally flagged dangers round retail product velocity. She famous that fifty% of Robinhood’s new Q1 platform customers had been first-time buyers, and warned that 100x perpetual leverage merchandise carry dangers “that possibly individuals don’t perceive.”
Panelists stated adoption will break up into two tracks: regulated US finance and an offshore permissionless crypto market operating in parallel. As crypto.information tracked, Robinhood has been increasing institutional and retail crypto infrastructure since its Bitstamp acquisition, with crypto notional volumes reaching $25 billion in February 2026, up 74% year-on-year.
The Consensus panel framed that determine as a place to begin, with Wall Road’s integration nonetheless in its early levels regardless of the dialog having clearly shifted.
