Six Major Crypto Firms, Including Kraken, Consensys, and BitGo, Plan IPOs by 2026
The Crypto Market Heats Up:
The cryptocurrency market is buzzing with excitement as it navigates ongoing volatility. Bitcoin is hovering around $87,000 after a slight dip, while Ethereum shows resilience with modest gains near $2,940. But the real headline? A wave of major players gearing up for public listings. This move signals crypto’s maturation, drawing Wall Street’s attention and potentially unlocking billions in capital.
Who’s Going Public? Breaking Down the IPO Lineup
Six prominent crypto companies are positioning themselves for IPOs by 2026, each with unique strengths and ambitious timelines. Here’s a closer look:
- Kraken: The veteran exchange confidentially filed its S-1 with the SEC last November. Expect a listing in the first half of 2026, capitalizing on its robust trading platform and global reach.
- Consensys: Known for MetaMask, Infura, and Linea, this Ethereum ecosystem powerhouse is targeting a mid-2026 IPO. Backed by heavyweights like JPMorgan and Goldman Sachs, it’s primed for explosive growth.
- BitGo: The custody giant updated its S-1A, aiming for Q1 2026 with a $1.75 billion valuation. Institutional demand for secure storage is fueling this push.
- Animoca Brands: This Web3 gaming leader plans a Nasdaq debut via reverse merger with Currenc Group, eyeing a $6 billion valuation.
- Ledger: Hardware wallet pioneer is lining up massive financing to boost Ledger Live and self-custody solutions, setting the stage for public markets.
- Bithumb: South Korea’s exchange giant targets a domestic IPO by late 2025, holding 25% market share and riding Asia’s crypto surge.
These filings follow a banner year for crypto fundraising—$3.4 billion raised, led by Circle and Bullish crossing $1 billion each. IPOs could supercharge innovation and liquidity.
Institutional Giants Stockpile: Bitmine and MicroStrategy Lead the Charge
Behind the IPO hype, corporates are betting big on crypto treasuries. Bitmine Immersion Technologies just scooped up 44,463 ETH, pushing holdings over 4.11 million ETH—3.41% of total supply worth $12 billion. With staking yields at 2.81% and a new MAVAN network launching Q1 2026, they’re gunning for 5% dominance.
MicroStrategy isn’t slacking either. They added 1,229 BTC for $108.8 million, now holding 672,497 BTC at an average cost of $74,997. Billionaire Grant Cardone is jumping in, launching a real estate-Bitcoin hybrid firm to amass 3,000 BTC by year-end using rental cash flows—echoing Michael Saylor’s playbook.
Ethereum staking is rebounding too, with entry queues doubling exit queues post-Pectra upgrade. Trend Research grabbed 46,000 ETH in a day, trimming costs to $3,105 per ETH.
Tokenization Takes Off: BlackRock and Beyond
Real-world assets (RWA) are exploding. Tokenized stocks hit $1.2 billion market cap—an all-time high—likened to stablecoins in 2020 or early DeFi. BlackRock’s BUIDL fund, investing in Treasuries and cash equivalents, has paid out over $100 million in dividends, proving tokenization’s real utility.
CME Group expanded benchmarks with Aptos, Bittensor, and Hedera indices, boosting transparency for institutions.
2026 Predictions: BTC to $150K, DeFi Dominance, and More
Experts are bullish. Dragonfly’s Haseeb Qureshi forecasts Bitcoin surpassing $150,000 by end-2026, though dominance dips. Ethereum and Solana shine, while a tech giant (Google? Apple?) enters wallets. Perp DEXs grab 90% share, equity DeFi hits 20%, stablecoins grow 60% (USDT at 55%). Prediction markets boom then bust, AI stays niche.
Framework Ventures sees 2026 focusing on blue-chips like ETH and BTC, with institutions flooding stablecoins, RWA, lending. GameFi funding crashed 55% in 2025, but Web2.5 hybrids (Fumb Games, Mythical) thrive on real revenue via blockchain perks—no tokens needed.
“Token issuance will sharply decline… Institutional funds will flow into DeFi blue-chips.” – Framework Ventures Co-founder
Regulatory Tailwinds: SEC Shifts and Clarity Ahead
Positive vibes from regulators too. SEC’s Cicely LaMothe retires after clarifying meme coins aren’t securities and staking stances. The Clarity Act looms, promising negotiated stability. Manus founder Xiao Hong flaunts ‘BTC holder’ status post-Meta acquisition.
What This Means for Investors and the Market
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Stay tuned: Volatility persists, but fundamentals scream opportunity. Will Kraken lead the pack? Diversify wisely, stake smart, and watch institutions reshape crypto.
Key Takeaways:
- Six firms targeting IPOs signal legitimacy.
- Bitmine, MicroStrategy hoard billions in ETH/BTC.
- Tokenized assets hit records; BlackRock pays real yields.
- BTC $150K+ predicted amid DeFi/RWA focus.
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