Following the success of the first general offering of the Circle Internet Group (NYSE: CRCL) (IPO), a number of encryption companies began to hint in the United States.
On June 5 / this is a well that exceeds expectations, on the occasion of a Register 167 % On the first day of CRCL Trading. CRCL share since then Raised More than 600 %.
On June 6, Gemini – the exchange of cryptocurrencies founded by Cameron and Tyler Winkefus – presented a secrecy to include an American list. This was followed by a similar public subscription file from Digital Asset Exchange Bullish on June 10.
According to other encryption exchanges, including OKX and Kaken, Payward Inc. Simplifying operations before potential public subscription fillings.
Why the subscription subscriptions are gaining traction
Although Circle’s successful public subscription probably affects the current Crypto IPO boom, a number of other factors lead this trend.
Jordan Jefferson, CEO and co -founder of Dujius, told Cryptonews that the organizational environment in the United States has become more suitable for encryption companies.
“We finally got great clarity from the organizers, rather than just enforcement procedures,” said Jefferson.
For example, he pointed out that the Circle public subscription declaration came alongside the Senate that passed the genius law, which aims to regulate Stablecoins. Jefferson indicated that this is exactly the type of organizational clarity that awaits in the United States.
He said: “When the organizers begin to give companies clear rules for follow -up instead of leaving everyone a guess, this creates the confidence necessary to overcome the public subscription process.”
Jefferson also pointed out that the maturity of the market is equally important, noting that the tremendous institutional interest in digital assets has become clear. In fact, traditional financial institutions such as Citibank are actively exploring adding encryption nursery, while JPMorgan Chase plans to provide encryption investments to their customers through a third party guard.
“Institutional capital finally enters encryption, with dangerous pension boxes and asset managers who were waiting for the organizational clarity of their movement,” Jefferson said.
Which must consider encryption companies about the public subscription
Although prominent growth is seen across the encryption sector, this does not mean that all companies focusing on Blockchain should consider public subscription.
Aaron Jacob, head of accounting solutions at Taxbit, told Cryptonews that the decision of the encryption company to follow the public subscription depends on the stage of growth, work model and strategic goals.
“For firm companies with predictable revenue flows, a strong compliance position, aspirations to expand a global scope, the public can provide access to capital, promote reputation, and improve corporate governance,” Jacob noted.
So it should not be a surprise that the general subscription of the department has succeeded. Jeremy Aller, CEO of Serkel recently stated in interview With Reuters, “We had a deep conviction from the start of the company that we could build a new infrastructure for money, which is based on the Internet, which could radically reshape the money.”
Current Stablecoin market roof It is 252 billion dollars and is expected to grow dramatically over time. Public subscription clarifies the subscription compounded demand from the public markets of digital assets.
However, Jacob warned that very early or experimental companies may find regulatory burdens, disclosure requirements, and the compression of separation profits for public markets for the difference with their innovation cultures.
He said: “Every company must weigh long -term benefits for general inclusion against operational obligations and compliance that requires it.”
According to Cefferson, the requirements for compliance with public subscription are great. For example, he made it clear that the company that passes the audience requires a full compliance team, internal audit functions, and the large continuous operational costs that expand with the size and complexity of companies.
To put this in its correct perspective, Coinbase Cryptocurrency Coinbase, based in the United States I mentioned 58.2 million dollars in professional services expenditures in the first quarter of 2025 alone, a category that includes legal consultations and compliance. This indicates an increase of 35 % on an annual basis, partially driven by the expansion of organizational obligations throughout the United States and the European Union.
“The total public and administrative expenditures of Coinbase for a quarter of $ 394.3 million, with a highlight of the scope of compliance with organizational audit and global licensing,” Jefferson said.
He added that there is another major factor that must be observed, which is that traditional public markets estimate the encryption work differently from the encryption markets. “They use different standards and risks from what the encryption world uses.”
Public subscription against ICO
Given this, the encryption companies that are considering going to the public may want to think about whether the ICO width is more suitable for their work. While ICOS was widely common in 2017, a number of encryption companies It is still implementing These models.
However, Jefferson noted that the distinctive symbol sales and stock sales serve completely different purposes and should not be considered alternatives to each other.
He said, “The public subscription means selling actual shares in your company through organized public markets with full supervision of SEC, which allows you to reach serious institutional capital – pension funds, asset managers, and advanced investors who understand traditional business models.”
Although the costs associated with public subscription are large, Jefferson noted that companies are taking advantage of institutional funds that could finance significantly.
On the other hand, the sale of the ICO code focuses more on building a society. Crypto, which also follows ICO, also provides useful symbols for its users.
Jefferson said: “They both raise the capital, but the symbols need to have a real benefit and a purpose that goes beyond just collecting donations,” Jefferson said.
Subscribe to subscription and statue bust on the horizon?
Aside from ICOS, it has become clear that the United States is undergoing a bombing of public subscription encryption. While the main exchanges are considering going to public places, the smaller players also announced plans for public subscription.
For example, Bitcoin Advocate and Remainur’s Anthony Pomboyno, ProCAP BTC, announced Tuesday has acquired 3,724 BTC for $ 386 million. This came just days after the company’s plans to be revealed to the public later this year.
Although it is noticeable, the possibility of a breakthrough and encoding may loom on the horizon. Peter Kwakov, CEO and co -founder of Merkurio, told Cryptonews that the date of financing has witnessed bubbles, both in traditional markets or in the area of digital assets.
“It is often fed through very speculative trading,” said Kozyakov. “Some people may say that we can see something similar to the general subscription of encryption, especially if excitement exceeds the basics.”
Ensuring this, Jacob believes that although the landscape of public subscription is more organized and selective than the previous ICO boom, the encryption sector – along with any other sector – is not fortified from the boom or statue in public markets.
He said: “With the increase in assessments and the adoption of the investor’s enthusiasm, some companies may rush to the public before they are operational or financially ready, which may lead to a decrease in the performance price, reputation damage or the decrease in the share price after the public subscription.”
However, Jacob noted that unlike ICOS – which often lacks the protection of investors and clear supervision – the public subscription process requires large -scale disclosure, audited finances, and organizational scrutiny, which helps to liquidate weakest companies.
“However, if a wave of general subscriptions of encryption reproductions leads to speculative noise and the exaggeration lists in his estimation, it may follow a correction.” “The main difference this time is the presence of institutional investors, the standard compliance standards, and the most mature companies, which may all alleviate-but do not eliminate the risk of a boom cycle.”
https://cryptonews.com/wp-content/uploads/2023/11/1.jpg
2025-06-27 17:51:00