Morgan Stanley and DTCC are not just testing blockchain anymore. They are wiring real U.S. equities and Treasuries into token rails that could move collateral in minutes and pull traditional market plumbing closer to onchain finance. That shift creates fresh angles for investors who want exposure to the pipes rather than the headlines. This article walks through three stocks tied to that story and how this news could matter for each one.
The stocks covered below are a first pass at the market plumbing theme. The full screen surfaced 7 more mid to large cap blockchain infrastructure players with equally compelling narratives that are not broken out in this article.
If you want to go straight to the source and identify which of these market plumbing providers best fits your own thesis, head into the Blockchain Infrastructure and Market Plumbing Providers screener.
Virtu Financial (VIRT)
Virtu Financial plugs directly into the market plumbing theme by running high speed market making and execution technology that already connects brokers, exchanges, and increasingly token related venues across asset classes.
"Virtu's investments in trading technology, cross-asset platform integration, and digital asset capabilities (including crypto, stablecoins, and tokenized assets) position it to capture new wallet share, providing earnings growth and improved revenue diversification."
What really matters is how one less visible funding constraint shapes Virtu Financial's ability to keep pushing into these new rails.
To see how that funding constraint really shapes Virtu Financial's push into tokenized rails, read the full narrative for Virtu Financial to understand what might be accelerating or holding back the thesis.
Exodus Movement (EXOD)
Exodus Movement gives this screener direct exposure to the wallets, payment rails, and custody tools that let everyday users access the same onchain infrastructure large institutions are starting to plug into. This is exactly why partnership momentum now matters so much.
"Strategic partnerships with major industry players, such as MetaMask and Ledger, are expected to significantly expand Exodus Movement's technology reach and user base, which could drive higher transaction volumes and resulting revenue growth in future quarters, supporting top line expansion."
What really moves the needle from here is how one still unresolved pressure on Exodus Movement's economics plays out against that expanding onchain reach.
Exodus Movement operates a self custodial digital asset wallet platform that monetizes data processing, with about US$109 million of revenue from that segment, and the business has a market value of roughly US$146 million, putting it firmly in small cap territory.
That pressure point is exactly where the story gets interesting, and the full narrative for Exodus Movement shows whether Exodus Movement is quietly building leverage or masking bigger trade offs.
CoinShares (CSHR)
CoinShares builds blockchain based investment products that sit close to capital markets plumbing, with Asset Management bringing in about US$107 million of revenue and Capital Markets around US$29 million. All reported revenue comes from Jersey, and the stock has a market value near US$517 million.
CoinShares gives you pure play exposure to tokenized and onchain asset infrastructure through both capital markets activity and packaged investment products. Forecast earnings growth and index inclusion are cited as indicators of institutional interest, while one unresolved hit to profitability could yet reshape how investors view the quality of that blockchain revenue stream.
That hit to profitability is exactly where the CoinShares story gets interesting, so go straight to the 2 key rewards and 2 important warning signs to see what markets might be missing.
Seeking Alternatives Before Everyone Else
Fresh ideas move first. Breakout themes, new momentum, and under the radar stocks often get caught quickly once the crowd arrives. Scan these while it matters and consider acting while conditions remain favorable.
- Target resilient cash generators that still throw off meaningful income by running through the 5 dividend fortresses before yields change as more investors take notice.
- Explore fast moving blockchain and digital asset plays early by scanning the curated 21 cryptocurrency and blockchain stocks while many investors are still looking the other way.
- Track high potential technology suppliers to AI build outs and power hungry data centers using the focused 41 power grid technology and infrastructure stocks before the story becomes widely followed.
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