Traditional securitization markets struggle to package individual servers or computing equipment into investable products, Anderson said. Stablecoins — with more than $300 billion circulating onchain — create a new source of capital for asset-backed lending.

“We have the capital onchain to finance this industry,” he said.

The same thinking extends to energy. Framework has invested in Daylight, which finances residential solar projects through a distributed energy network, and Uranium Digital, which is building a tokenized marketplace for physical uranium.

A different generation

There’s also a notable shift in the profile of founders building today’s crypto companies, Anderson said.

Rather than anonymous crypto-native developers launching…