Wall Street’s next crypto play may be IPO-ready crypto firms, not altcoins

Wall Street capital is flowing into late-stage, IPO-ready crypto firms, signaling new dynamics at play for the incoming altcoin season.

Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research.

Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which may raise between $30 billion and $45 billion in new capital.

Matrixport said investor focus is rotating away from early-stage bets toward scalable, IPO-ready companies positioned for public markets.

Read more