According to CoinMeta, Y Combinator has released a 2026 startup guide for the crypto industry, stating that the growth of the crypto sector is driven by institutions, with application scenarios shifting towards financial needs such as oil hedging and cross-border corporate capital flows. Y Combinator predicts that the scope of asset tokenization will expand from stablecoins and stocks to real estate titles, debt, and commodities. Equity of startups and small assets will enter the market through on-chain issuance. Around these assets, financial infrastructure such as trading, lending, and derivatives will develop, and AI agents will become financial participants.