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Wall Street’s growing interest in late-stage cryptocurrency firms could disrupt the traditional boom-and-bust cycle of digital assets, according to new research.
Crypto financial services firm Matrixport said Friday that more than $200 billion worth of crypto companies are preparing initial public offerings (IPOs), which could raise between $30 billion and $45 billion in new capital.
Matrixport said investor focus is rotating away from early-stage bets toward scalable, IPO-ready companies positioned for public markets.
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