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

Odaily Odaily reported 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 in the next two years, forming a public market worth $1 trillion within five years.

Jefferies released a report indicating that the industry's current focus is shifting from speculation on crypto asset prices to the comprehensive integration of blockchain infrastructure by banks, exchanges, asset management firms, and payment institutions. Companies like Payward, the 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 shift. Money market funds, private credit, and on-chain settlement systems have already entered practical implementation stages, and the gradual clarification of the regulatory environment will further accelerate institutional adoption.

At this stage, the market is moving from short-term hype to a long-term reassessment of the technology. Crypto IPOs could become an important gateway connecting traditional capital markets with the on-chain economy. (CoinDesk)