The pace of institutional entry is faster than I imagined; a trillion-dollar market in five years is not just a pipe dream—traditional finance is really starting to treat blockchain as infrastructure.

Crypto World News reports that Jefferies expects a new wave of listings related to cryptocurrencies and blockchain as institutional adoption of digital asset infrastructure accelerates. The number of crypto-related IPOs is expected to surge over the next two years, with the industry projected to grow into a $1 trillion public market within five years. In a report released after its first-ever Digital Asset Investor Conference in New York, Jefferies noted that the conference brought together executives from 35 digital asset companies and approximately 150 institutional investors to discuss how blockchain systems are gradually integrating into traditional finance. The report also mentioned that as banks, exchanges, asset management firms, and payment companies integrate blockchain infrastructure, customer engagement continues to grow. Although the crypto IPO market has slowed down this year, more listing plans are expected later this year.