Jefferies expects crypto IPOs could create a $1 trillion market, with tokenization as the core driver

Odaily Odaily reports that Wall Street investment bank Jefferies stated that as institutional investors accelerate their shift towards blockchain-based financial infrastructure, the crypto and blockchain sectors could see a new wave of IPOs over the next two years, forming a public market worth $1 trillion within five years.

Jefferies released a report indicating that the current industry focus is shifting from speculative crypto asset prices to the comprehensive integration of blockchain infrastructure by banks, exchanges, asset managers, and payment institutions. Companies like Payward (parent company of Kraken) and Securitize are advancing their IPO plans, and it is expected that more crypto-related companies will enter the public market in the future. Tokenization is seen as a key driver of this structural transformation, with money market funds, private credit, and on-chain settlement systems already entering practical implementation phases. Increasing regulatory clarity will further accelerate institutional adoption.

Currently, the market is moving from short-term hype to long-term technological reassessment. Crypto IPOs could serve as a crucial gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)