Wall Street Smells Money in Crypto: Morgan Stanley, BofA Rushing To Cash In on Upcoming IPOs

Key Takeaways

• Wall Street giants are eager to partner with crypto firms to capitalize on the U.S. crypto boom.
• Gemini, Circle, and Kraken are exploring IPOs later this year.
• Major financial institutions, including Bank of America and Morgan Stanley, are looking to expand their crypto ties.

After years of watching from the sidelines, Wall Street is eager to dive into the crypto market as the U.S., under President Donald Trump’s pro-crypto policies, becomes a favorable environment for digital assets.

The Biden administration’s restrictions on the sector had kept financial institutions hesitant, but now, with market optimism surging, Wall Street’s biggest players are looking to cash in.

Major players like Bank of America, Morgan Stanley, and others are considering partnerships with crypto firms or investing directly in the space.

Morgan Stanley and Bank of America Eye Crypto IPOs

According to a Bloomberg report , Morgan Stanley, which previously had limited exposure to crypto, is now actively seeking potential crypto companies for initial public offerings (IPOs).

Similarly, senior executives at Bank of America are reportedly discussing how they can offer banking services to crypto firms.

Royal Bank of Canada, which entered the crypto space with its first significant partnership last year, is also looking to expand its crypto footprint further.

Crypto Firms Prepare for IPOs Amid Regulatory Shifts

It’s not just Wall Street that’s gearing up for a crypto renaissance.

After years of uncertainty under the Biden administration, crypto companies are now rethinking their public offering plans.

Gemini, the exchange founded by the Winklevoss twins, is reportedly considering an IPO after several delays.

Similarly, Circle, the second-largest stablecoin issuer, which has been eyeing an IPO since 2023, could also go public in 2025.

Other crypto firms like Kraken, Anchorage Digital, blockchain analytics company Chainalysis, and Ethereum’s core company, Consensys, are also likely IPO candidates this year.

The sector’s ongoing optimism is fueling these decisions as banks and financial institutions race to prepare lists of potential crypto IPO candidates.

The Road to Crypto IPOs: Lessons from Coinbase

The only major crypto company to go public so far has been Coinbase, which held its IPO in 2021.

While it went public nearly four years earlier than expected, Coinbase’s listing marked a significant moment for the industry.

Since then, litigation and regulatory challenges have kept many crypto firms from pursuing IPOs.

However, with the new regulatory environment under Trump, these companies are now viewing public offerings as a crucial step forward.

As crypto companies eye IPOs and Wall Street firms prepare to increase their exposure to the space, it’s clear that the crypto gold rush is far from over—thanks to the changing political and regulatory landscape.