US-based financial services company Jefferies has predicted that new crypto- and blockchain-focused IPOs will increase, with the rapid adoption of digital asset infrastructure on Wall Street and the payments industry. The company shared this opinion in the report it published after the first Digital Assets Investor Conference held in New York.
Public Offering Expectation After 2025
According to the Jefferies report, a huge increase in new IPOs is expected in the crypto market in the next two years. The company evaluated that the size of the sector could approach 1 trillion dollars in terms of public shares within five years. It is stated that this momentum, which manifested itself at the conference, will shape the market in the coming period.
According to the information obtained, there was an explosion in digital asset companies going public, especially with the rise in Bitcoin prices and the revival of investor interest in 2025. However, this year there was a slowdown in the number of public offerings due to fluctuations in the global market and economic uncertainties. Despite this, the fact that important players such as Securitize and Kraken’s parent company Payward have terminated their IPO plans in a short time indicates that a new wave of offerings may come soon.
‘Tokenization’ Effect on Technological Transformation
Another prominent topic at the conference was tokenization, which means representing financial assets on the blockchain. Jefferies stated that this transformation has led banks, asset managers, financial technology companies and payment institutions to integrate blockchain infrastructures into their systems.
Mini dictionary: Tokenization is the technology that enables traditional financial assets (such as shares, bonds) to be represented and traded digitally on the blockchain. In this way, the transfer, transparency and tracking of assets becomes easier and new investment opportunities emerge.
“Investors’ focus is increasingly shifting to the standout winners as banks, exchanges, portfolio managers, fintech and payment companies adopt blockchain-based infrastructures,” the conference report stated.
Panel speakers emphasized that, in addition to tokenization, blockchain-based payment and reconciliation systems have been in active use for months and that legal uncertainties have decreased thanks to new regulations.
Increased Collaboration Between Institutions
In the report; Securitize’s collaboration with transfer agency Computershare to offer digital shares to public companies via blockchain was mentioned. Likewise, it was stated that Bullish, the owner of CoinDesk, strengthened the blockchain integration in payment and reconciliation systems by purchasing Equiniti for $ 4.2 billion.
Recently, it has been observed that banks, transaction platforms and payment companies are using blockchain networks more effectively, shortening transfer times, increasing capital efficiency and designing new financial products. It was stated that JPMorgan and Morgan Stanley, among the major financial institutions, have also taken important steps in blockchain integration.
Regulation and Future Forecasts
Jefferies believes that removing regulatory uncertainty will enable new products to be implemented quickly. If the proposed CLARITY Act in the US provides a comprehensive market structure for blockchain-based finance, the sector is expected to attract more institutional interest.
In its report, Jefferies emphasized that investor interest is shifting to blockchain applications that generate income through trade, payment, credit and tokenized financial products, rather than speculative coins.
At the Consensus event held in Miami this year, the main agenda items were tokenization and stablecoins. “We are entering a world where almost the entire economy will be tokenized,” said Joseph Lubin, founder and CEO of Consensys.
Executives of prominent companies in the industry such as Ripple, Kraken, Galaxy, Bullish and Consensys also attended the conference. Jefferies stated that investors are talking about technological transformation in the financial infrastructure rather than price-oriented short-term movements.
The report stated that investors frequently state that technological transformation may be exaggerated in the short term and underestimated in the long term.
