Tokenized short-term fixed income products could become a key form of institutional collateral, according to GSR Managing Director of Asset Management Andy Baehr. Speaking at the Wyoming Blockchain Symposium 2026, Baehr said institutions posting collateral for futures or over-the-counter trades could put that capital to work in tokenized short-term Treasuries.
"It's not really retail-y, but it's very scalable," Baehr said, describing the use case as an important part of institutional plumbing. He added that mass tokenization of equities is "exciting" because it could enable round-the-clock trading and allow investors to trade equities on the same platforms they already use for digital assets, though the actual scale of adoption remains to be seen.
GSR has been doubling down on tokenization. In April it led an investment in SC Ventures-backed tokenization platform Libeara, following March acquisitions of Autonomous and Architech. Baehr also flagged structural issues in crypto lending, including fragmented liquidity pools, unclear benchmark interest rates, and high costs for borrowing dollars against native tokens.
