Catenaa, Tuesday, November 19, 2024 – JPMorgan Chase, Goldman Sachs, and Morgan Stanley are meeting with cryptocurrency firms such as Kraken, Fireblocks, and Chainalysis to explore potential initial public offerings (IPOs) following the US Presidential Election, reports say.
Optimism for regulatory clarity after a likely Trump victory has encouraged traditional banks to engage with the crypto industry, seeking IPOs that could generate substantial returns.
This shift reflects a change from past reluctance, as Wall Street banks had previously been cautious about working with crypto firms due to regulatory uncertainties and market volatility.
Over the last two years, the sector’s perceived risks limited major banks’ involvement.
Now, with signs of market recovery and a potential regulatory reset, these financial institutions are positioning themselves to capitalize on the growing interest in digital assets.
Advisers familiar with the talks indicate that these meetings suggest increasing confidence in the crypto market’s viability. Industry analysts expect an uptick in crypto IPOs, which could signal greater integration of traditional finance with digital assets. This development may pave the way for expanded investment opportunities, boosting collaboration between established financial institutions and the burgeoning crypto sector.
