February 10, 2025
According to Bloomberg, several major banks of Wall Street are developing strategies to exploit the expanding cryptocurrency market. This decision is stimulated by President Donald Trump’s favorable position to digital assets, potentially unlock a wave of initial public offers (IPO), sales of action and convertible obligations.
Morgan Stanley, traditionally not an important actor in the cryptography sector, actively seeks potential customers for stock exchange, while Bank of America Corp. plans to enter into the field of facilitation of agreements for digital asset companies. Likewise, the Royal Bank of Canada wishes to extend its footprint following its involvement in a crypto agreement at the end of last year.
This renewal of interests follows Trump’s initiatives to transform the United States into “the cryptographic capital of the planet”. These efforts include the decrees and the creation of a dry working group dedicated to monitoring digital assets, potentially reversing the hesitant approach of cryptocurrencies observed during the Biden administration.
Notable cryptography companies like Gemini and Bullish would have explored opportunities for Introduction on the stock market, other companies such as Circle Internet Financial Ltd. and Kraken having long -standing ambitions to become public.
Indexbox data reveals that despite the prudent approach to the best banks, the cryptographic industry has experienced a significant increase in capital lifting activities. Management is promising as observable thanks to the $ 6.5 billion raised in the IPTA IPO in 2023. Jefferies Financial Group Inc. and other financial institutions such as Cantor Fitzgerald also prepare for an increased involvement, pointing out broader industry to adopt digital currencies.
While optimism around Bitcoin and other digital assets increases, banks like Morgan Stanley and RBC are increasingly aligning their strategies to capitalize on this booming market. Morgan Stanley particularly wishes to target future Introduction on Stock Exchange after helping Coinbase to sell convertible bonds. Meanwhile, RBC discusses an increase in Bitcoin and Crypto transmitters looking for market entry under the new administration.
In Bank of America, discussions concerning engagement in the cryptographic field have intensified, highlighting the potential for the fees of several million dollars in these transactions. CEO Brian Moynihan mentioned in a CNBC interview that participation in this market depends considerably on the establishment of a regulatory framework.
Source: Indexbox Market Intelligence Platform
