According to Ton Strategy CEO Veronika Kapustina, the recent wave of corporate digital assets Treasury has begun to show signs of a bubble, but the long-term outlook is positive.
“Obviously, it looks like a bubble. All indicators look like a bubble,” Capstina told the Cointelegraph at the Token2049 conference in Singapore.
Kapustina explained that it is different from the other bubbles she saw in Crypto and Tradfi. “Because it’s a new segment of finance.” Dutt became “summer trade” and people viewed it as “fast money” and a lot of “fast money comes in,” she said.
“So we’re now getting smarter investors to look at it and really distinguish it from the shell.”
Kapustina described DATS as “a bridge between traditional finance and crypto,” adding that while he doesn’t think there will be a crash, it could lead to integrations as the newly launched DATS struggles to reach its target.
“There’s a lot of excitement about the surge in something new. Then it becomes Piter, there’s a bit of integration, then there’s actually a medium to long term capital,” Capstina said.
Strategy Michael Saylor, pioneer of the Treasury Department
Kapustina has pioneered the DAT model using Bitcoin (BTC), but this year it has proven that the model works beyond Bitcoin, successfully launching Ether (ETH), Solana (SOL), and her own company, and has also successfully launched open network native tokens, Toncoin (Ton).
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Kapustina said there are several evolutionary paths in the data, including providing infrastructure, potential banking services, obtaining banking licenses, mergers and acquisitions, and technology bridges between chains.
Over the long term, investors can understand the true value of data from the investing network in terms of functionality, from a utility perspective, not only is it a bridge between Tradfi and Crypto for the investing network, but also in ensuring the network.
The Ministry of Cryptocurrency accumulates
Despite many cryptocurrencies approaching the highest ever value, the corporate Cryptocurrency Ministry has been covering digital assets all year round.
According to bitcointreasuries.net, it currently exceeds $157.7 billion, $157.7 billion, which is equivalent to 6.6% of the circulation supply in the public and private sector finance department.
Meanwhile, Ether Dats has scooped up 5.5 million ETH, worth around $24 billion and about 4.5%, according to StrategyEthreserve.

Bitcoin data will continue to be loaded. Source: bitcointreasuries.net.
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Additional report by Ciaran Lyons.