Jefferies Expects Crypto IPO Boom to Create a $1 Trillion Market, Tokenization as Core Driver

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

According to a report from Jefferies, the industry's focus is shifting from price speculation on crypto assets to comprehensive integration of blockchain infrastructure by banks, exchanges, asset managers, and payment institutions. Companies such as Kraken's parent company Payward and Securitize are advancing their IPO plans, and more crypto-related firms are expected to enter the public market in the future. Tokenization is viewed as a key driver of this structural transformation, with money market funds, private credit, and on-chain settlement systems already entering real-world application stages. Increasingly clear regulatory environments will further accelerate institutional adoption.

At this stage, the market is moving from short-term hype toward long-term technological reassessment. Crypto IPOs could serve as an important gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)