# Citrini Research Shifts Crypto Thesis Toward Blockchain Infrastructure By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/29251 Published: 2026-10-09T20:36:52.000Z Updated: 2026-10-09T20:36:52.000Z Section: Technology > The Oct. 8 analysis focuses on tokenized assets, programmable finance and artificial-intelligence agents operating across on-chain applications. Citrini Research’s latest crypto analysis centers on blockchain infrastructure for tokenized assets and automated financial activity, linking the thesis to regulatory and market-structure developments in the United States. The Oct. 8 analysis examines how artificial-intelligence agents could operate across financial applications continuously and programmatically. Citrini Research frames blockchains as systems that can keep assets, ownership and settlement connected around the clock. The applications covered include tokenized treasuries, equities and options, programmable debt, lending, payments and yield protocols. Citrini Research also described loading $1,000 into Coinbase Wallet to explore on-chain financial applications directly. The thesis emphasizes networks, exchanges and companies involved in on-chain financial applications. It presents AI agents as potential users of those systems, capable of moving funds, comparing financial products and executing transactions without interfaces built primarily for human customers. Citrini Research described the existing financial system as slow and fragmented, with multiple intermediaries and compliance layers. Its analysis argues that programmable networks may provide a different framework for financial activity, with transaction execution and settlement handled through software. The firm’s view builds on its earlier discussion of how AI agents and tokenized assets could expand blockchain’s role in financial applications. The discussion builds on [Citrini Research’s earlier examination of blockchain’s potential application turning point]() as tokenized financial products move across applications. Regulatory developments provide part of the US context. The Securities and Exchange Commission issued a temporary, conditional Innovation Exemption on Sept. 17 for certain permissioned venues handling tokenized National Market System stocks. The exemption expires five years after publication. The Commodity Futures Trading Commission lists Coinbase’s proposed Single Stock Perpetual Futures Contract as “Approval Pending,” with a status date of Sept. 18, 2026. Citrini Research also highlighted Robinhood Chain and the movement of tokenized equities across applications and financial rails. The analysis described Robinhood Chain as the first platform to expand the use of “Stock Tokens” beyond a single issuer venue. The infrastructure-focused thesis places blockchain applications, rather than any single crypto asset, at the center of the firm’s latest discussion. The SEC exemption and the pending Coinbase product provide near-term examples of how tokenized assets and blockchain-based financial products are being tested within US market structures. ## Links in this article - [Citrini Research’s earlier examination of blockchain’s potential application turning point](https://www.tokenpost.com/news/technology/28160)