Crypto Firms Are IPO-Ready Today
The crypto startup days in the basement are behind us. In the view of MEXC’s COO Tracy Jin, the sector now has corporate structures that resemble traditional finance: compliance departments, bookkeeping audited, and clear capital roadmaps.
“We are now IPO-ready,” Jin informed a recent interviewer, stating that the maturation of crypto businesses has enabled public listings to become practical—and desirable—to investors.
Record-Breaking Listings Show IPO Energy
Circle’s $1.1 billion IPO earlier this month was a high-wattage milestone. The issuer of USDC popped 167% on the day of its first trading. A day later, Gemini confidentially filed for a US listing, and Peter Thiel-backed Bullish followed suit.
“The bull market and ETF capital flows have opened the IPO window,” Jin noted, pointing to the explosion of demand for Bitcoin and Ether ETFs as a massive valuation and investor demand driver.”.
Regulation Provides Public Markets with Confidence
Regulatory clarity was the actual impetus for IPO action, Jin quoted. European regimes like MiCA and US listings of ETFs have brought order into what once had been regulatory ambiguity.
“For years, the uncertainty was too risky for public listings,” she said. “Today, institutional investors now see a more legitimate path.”
The Future: Fintech and Infrastructure Companies Lead
Jin views the best IPO candidates as infrastructure and crypto-fintech companies. Think of analytics companies, custodial institutions, staking operations, and stablecoin issuers—not just token projects.
“Momentum is good but selective,” she further added. “Only those with solid, sustainable business models will make it.”
Asia to Power the Next Boom
Jin also indicated Asia as the future crypto hub, highlighting Japan’s Metaplanet and its Bitcoin treasury approach as a turning point.
It’s no longer MicroStrategy alone,” she said. As currency risks rise in the region, Bitcoin is poised to become an institutional hedge.
Structured Products Pave the Way for Adoption
Jin also sees structured financial products as paving the way for mainstream adoption. Convertible note strategies and yield-linked cryptocurrency products, maybe from Wall Street giants Goldman Sachs and JP Morgan, are paving the way.
“These are the baby steps towards institutional adoption,” she said. “It starts with engineered exposure, not direct holdings.”
