INTERNATIONAL EQUITIES
A particularly favourable context for blockchain
Bitcoin Spot ETF US$56.6bn
Stablecoins
50% of the Fortune 100
1
Accelerating adoption
LTM Transactions
Market Cap
have a blockchain strategy
US$206.3bn
US$28.8tr
Digital Passports 50m+
Tokenized US Treasuries US$3bn
350k+
E-Bills of Lading
Environnement pro-innovation EU Ecodesign US FDA FSMA
Blockchain Made in America
2
Pro-innovation environment
David Sacks AI & Blockchain Special Advisor to the White House
ISO 5909 eBLs
Carbon credits
3
Regulatory clarification
FIT21 Act, suite à un effort bipartisan Nouveau leadership pro Blockchain & Innovation
Tokenization Stablecoin Tax incentives
MiCA
VARA
CFTC
SEC
OCC
Paul Atkins
Brian Quintenz
Brian Brooks
Public
Sources: Press, Visa, DefiLlama, Rothschild & Co Asset Management – 2025 The above information does not constitute investment advice or a recommendation.
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