Coinbase Institutional Outlook Report: "DAT 2.0" will emerge next year, with privacy, AI, and RWA being key areas.

Mars Finance reported on December 20th that Coinbase Institutional released its "2026 Crypto Market Outlook" report, analyzing the macroeconomic environment, regulatory progress, technological evolution, and application trends of the crypto market in 2026. The report argues that while the US economy remains resilient, uncertainty remains high, and the crypto market environment in the first half of 2026 is closer to that of 1996 than 1999. Regarding institutional participation, Coinbase proposes the "DAT 2.0" model, suggesting that institutions will shift from simple asset allocation to more professional trading, custody, and blockchain space acquisition. At the technology and application level, with increased institutional adoption, the demand for privacy technologies such as zero-knowledge proofs and fully homomorphic encryption is rising. Automated agents combining AI and encryption, applied blockchains and cross-chain interoperability, and tokenized assets (including tokenized stocks) are considered important directions.