TREE NEWS reports: A report by NeosLegal reveals that all $11.2 billion in disclosed crypto funding for H1 2026 went to licensed businesses, led by payments/stablecoins and prediction markets. Institutional investors now prioritize regulatory licenses as the core valuation metric, marking a shift from code to compliance. This trend highlights a split where institutional capital favors regulated entities while retail activity remains on permissionless protocols.
Crypto Funding Shift: Licenses Outweigh Code in 2026
The striking part is not the sum but its uniformity: every disclosed dollar went to a licensed business, which suggests compliance has moved from a cost centre to the primary filter for institutional allocators. That concentrates capital in payments, stablecoins and prediction markets while leaving permissionless protocols to retail flow, deepening a two-tier market. Whether this licensing premium holds, or whether unlicensed infrastructure re-enters institutional portfolios, is the open question.
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