Dragonfly’s Haseeb Qureshi predicts Big Tech and Fortune 100 companies will start building in crypto in 2026, but that corporate L1s will fail to challenge Ethereum and Solana.
A Big Tech company will integrate a crypto wallet in 2026, and more Fortune 100 companies will start their own blockchains, crypto VC firm Dragonfly’s managing partner Haseeb Qureshi has predicted.
He also tipped that fintechs launching L1s to compete with public chains like Ethereum and Solana will fail to attract enough users.
In a post to X on Monday, Qureshi said much of the Fortune 100 adoption is likely to come from the banking and fintech sectors, with many leveraging the Avalanche blockchain and existing crypto toolkits like OP stack, Orbit, and ZK Stack. The setup would enable these networks to more private and permissioned while remaining connected to a public blockchain.
A number of Fortune 100 firms in the financial services industry have already built private blockchains, including JPMorgan, Bank of America, Goldman Sachs, and IBM — though many of these solutions are still in the testing phase or have only been used in limited ways.
Earlier this month, crypto investment firm Galaxy Digital predicted at least one Fortune 500 bank, cloud provider, or eCommerce platform would launch a layer 1 blockchain that settles more than $1 billion of real economic activity in 2026 and build a bridge for decentralized finance access.