Crypto Firms Return to Public Listings

[johnblockbuster]

The Securitize talks highlight a resurgence of public listings in crypto. In 2025 alone, Circle, Figure, Gemini, and Bullish have all gone public, signaling renewed institutional appetite for digital-asset equities.

SPACs have been a popular route: Bakkt and Core Scientific both took that path, while Circle’s original SPAC attempt failed before its blockbuster debut earlier this year.

Securitize last raised $47M in May 2024, with backing from BlackRock, Paxos, Aptos Labs, and Circle.

[EmTeam]

The renewed IPO wave suggests growing investor confidence in crypto companies post-regulation clarity.

[alex10]

Public listings are a positive sign — transparency and compliance are finally becoming core to the industry.