Crypto Biz: From memes to mandates, institutions recast crypto in 2025

Institutions take the wheel in 2025: HSBC and BNP join Canton, billion-dollar crypto treasuries emerge, Gemini eyes IPO and tokenized gold enters IRAs.

Major financial institutions are reshaping crypto’s narrative in 2025, marking a departure from earlier cycles defined by retail speculation, memecoins and digital art alongside Bitcoin’s rise.

Two of the world’s largest banks — HSBC and BNP Paribas — have joined the tokenization-focused Canton Foundation, following the likes of Goldman Sachs and other major backers as institutions push to bring blockchain-based utility to clients.

At the same time, crypto markets are seeing a wave of billion-dollar shelf registrations and expanded initial public offering (IPO) plans, underscoring the race to accumulate digital assets and tap public markets.

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