Explore why cryptocurrency projects are turning to IPOs to boost investments and market trust.
Contents
2 min read
Why Crypto Projects Are Pursuing IPOs
The cryptocurrency industry is increasingly adopting traditional financial tools. Recently, Circle, known for its USDC stablecoin, conducted an IPO, raising $1.1 billion. Now, other major players like Gemini, Tron, and Kraken are preparing to follow suit.
Projects Preparing for IPO
In early June 2025, Circle went public on Nasdaq, issuing 34 million shares at $31 each, surpassing their initial target. This success boosted Circle’s market capitalization to $6.9 billion. Following this, Tron hinted at a similar move by partnering with SRM Entertainment, planning to create a new entity, Tron Inc.
Related: Tron Network Incorporates Nansen's Advanced Blockchain Analytics into Its Ecosystem
Gemini and Kraken are also gearing up for their IPOs. Meanwhile, newer projects like EigenLayer and Matter Labs are exploring an “IPO 2.0,” integrating blockchain tokens with traditional shares.
The Importance of IPOs for Crypto Projects
According to Denis Astafyev of SharesPro, the move towards IPOs indicates the maturation of the crypto sector. Going public can help these projects gain the trust of institutional investors and regulatory bodies. This transparency appeals to major financial institutions looking to invest in cryptocurrency technology.
Related: Analysis: Tron's T3 Strategy and Its Implications for Money Laundering
Denis Balashov from SkyCapital notes that IPOs provide access to significant financial resources, enabling global expansion and infrastructure development. Moreover, public listings help align crypto projects with regulatory standards, facilitating compliance with KYC/AML requirements.
Risks and Future Prospects
Despite the potential benefits, there are risks associated with mass IPOs. Market overheating and regulatory challenges could pose threats. Inna Golovacheva from RACIB highlights potential conflicts between token holders and shareholders and the emergence of “zombie” companies with impressive reports but failing products.
Nevertheless, the long-term outlook is optimistic. After IPOs, crypto tokens can become foundational assets for new ETFs, creating innovative investment models. Golovacheva predicts the future inclusion of decentralized autonomous organizations (DAOs) in public markets, marking a significant evolution in the industry.
Related: Tether and Tron Collaborate to Combat Financial Crimes with New Security Unit
Conclusion
The surge in crypto projects going public marks a pivotal phase in the industry’s evolution, signifying its growing maturity. This trend not only attracts institutional investors but also enhances liquidity and strengthens brand presence. However, balancing innovation with regulatory demands remains crucial for successful integration with traditional finance.
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Emily brings a decade of expertise in blockchain technology and decentralized finance (DeFi). She specializes in market trends and regulatory developments, providing in-depth analyses that resonate with seasoned investors and beginners alike. With a background in financial journalism, she is dedicated to bringing clarity to the fast-paced world of crypto.
