TD Cowen: Bitcoin Is Evolving Into Financial Infrastructure

Investment bank TD Cowen stated that Bitcoin is shifting from a simple investable asset to a foundational element of financial infrastructure. Following the BitcoinTreasuries Conference in New York, the firm noted that institutional interest has moved beyond mere accumulation toward implementing Bitcoin within capital markets ecosystems. The report highlights that Bitcoin is increasingly being utilized to support institutional products and services, with growing institutional adoption of custody solutions by major U.S. and European banks.