Central banks are back in focus. The Bank of Japan just lifted its key interest rate to a 31 year high of 1.25% and signalled more tightening to keep inflation in check. When borrowing costs reset, attention often shifts to alternative assets and the infrastructure that supports them. That is where crypto and blockchain related businesses come in. This article walks through three screened stocks tied to that theme.

The three stocks covered below are just a sample, and the full screen surfaced 18 more cryptocurrency and blockchain companies with narratives that are not covered here but may warrant a closer look.

Head straight into the Top Cryptocurrency and Blockchain Stocks screener to identify, filter, and analyze cryptocurrency and blockchain opportunities that fit your own criteria.

Applied Digital (APLD)

Overview: Applied Digital runs large scale data centers that provide power, cooling, and hosting for crypto mining clients alongside broader HPC and AI workloads.

Operations: The business reports about US$621 million from its HPC Hosting Segment and roughly US$154 million from its Data Center Hosting Segment.

Market Cap: US$5.4b

For crypto focused investors, Applied Digital offers a way to get exposure to the infrastructure that keeps mining rigs and high performance computing humming in the background. The next phase of capacity buildout acts as the real swing factor.

"The expected energisation of more than 600 megawatts of new capacity over the next 12 months, compared with 250 megawatts in the prior year, gives Applied Digital an opportunity to translate its existing lease commitments into a larger recurring revenue base and higher reported net operating income."

"The expected energisation of more than 600 megawatts of new capacity over the next 12 months, compared with 250 megawatts in the prior year, gives Applied Digital an opportunity to translate its existing lease commitments into a larger recurring revenue base and higher reported net operating income."

The real test for Applied Digital now hinges on how one unresolved funding pressure shapes future pricing power and eventual margins.

That funding question is exactly where Applied Digital's story gets interesting, and the full narrative for Applied Digital unpacks how capital needs, contracts, and capacity could be decoupling.

Nu Holdings (NU)

Overview: Nu Holdings runs a large digital banking platform across Latin America, with Nubank's NuCrypto feature giving customers in-app access to buy and sell cryptocurrencies alongside everyday financial services.

Operations: The group generates about US$8.4b from its Banking segment, supported by a customer base that is heavily concentrated in Brazil.

Market Cap: US$56.1b

Nu Holdings matters in this screener because NuCrypto plugs crypto trading directly into a mass-market banking app, turning casual card users into potential digital asset customers without forcing them into a separate specialist platform.

"The Central Bank of Brazil (Banco Central do Brasil) has watched Nu's rise with a mixture of admiration and caution. In late 2025, it issued new requirements that will compel Nubank to obtain a full banking license in Brazil by 2026."

"The Central Bank of Brazil (Banco Central do Brasil) has watched Nu's rise with a mixture of admiration and caution. In late 2025, it issued new requirements that will compel Nubank to obtain a full banking license in Brazil by 2026."

The key issue for Nu Holdings now is how one regulatory shift could affect funding costs, product flexibility, and profitability over time.

That regulatory pivot is exactly where the story gets interesting, and the full narrative for Nu Holdings shows how Nu Holdings could turn tighter rules into a strengthening fintech moat.

Figure Technology Solutions (FIGR)

Overview: Figure Technology Solutions builds blockchain based platforms that power lending, trading, and investing in consumer credit and digital assets.

Operations: Figure Technology Solutions generates about US$619 million in revenue from activity in the United States market.

Market Cap: US$5.2b

Figure Technology Solutions matters here because its blockchain based exchange, lending marketplace, and stablecoin deposit products plug directly into how crypto capital moves between borrowers, investors, and trading platforms.

"Although Figure Technology Solutions is capturing growing consumer loan marketplace volume and higher ecosystem fees, the rapid mix shift toward Figure Connect and volume tier discounts for large partners has already pushed the net take rate to 3.6% at the low end of guidance. This dynamic could restrain revenue growth even if headline volumes keep rising."

"Although Figure Technology Solutions is capturing growing consumer loan marketplace volume and higher ecosystem fees, the rapid mix shift toward Figure Connect and volume tier discounts for large partners has already pushed the net take rate to 3.6% at the low end of guidance. This dynamic could restrain revenue growth even if headline volumes keep rising."

What happens to Figure Technology Solutions' earnings profile now largely hinges on how one quiet shift in its fee mix ultimately plays out.

If that fee mix shift is what you are watching, the full narrative for Figure Technology Solutions maps how Figure Technology Solutions could turn compressed take rates into accelerating platform value.

Seeking Alternatives Before The Crowd Moves

Fresh themes keep breaking out while attention is caught on yesterday's winners. Momentum shifts fast and under the radar for now. Use that gap and get in early.

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This article is general in nature and was produced with the assistance of AI automation, based on data and analysis from Simply Wall St. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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