The financial service sector is at a intersection, with an undisordable tendency for financial services moving to crypto. Digital assets built on blockchain transform the economic ecosystem and form its future. Digital assets no longer live on the edge of the global financial system – they become central to its future and of the value movement through the capital markets and payers.
The relatively small size of the crypto market is bleached to traditional financial markets, which is the huge opportunity for digital assets and their growth track. The total market capital cryptocurrency is approaching $ 3.8 trillion, which is approximately a segment of the MSCI World Index and dwarf of Global Market Cap for Equities, expected to reach $ 128.07 trillion this year.
Nevertheless, the capital market environment is flourishing, the proof of Circle and Etoro IPOs and these notable M&A trends:
- Partnerships: To elaborate digital asset strategies – Kraken / Ninjatrader ($ 1.5B); COINBASE / DEREBIT ($ 2.9B); Ripple / Hidden Road ($ 1.25B); and JPMorgan Chase, which connects clients to Coinbase drawing books, enabling crypto -tektogs financing via credit card reward and direct account financing.
- Private Equity: To enter new market sectors through a portfolio-based acquisition strategy-carlore / surepay (not revealed); Bain Capital / Acrisure ($ 2.1B).
- Cross -border offer: To fortify digital transformation and gain a competitive advantage through wider range – Robinhood / Bitstamp ($ 200m); Swyftx / Caleb & Brown ($ 100m-200m est.).
This activity is driven by a highly expected shift in politics:
- Regulatory action from Securities and Exchange Commission (SEC) in 2024 allowed the inclusion of Bitcoin and Ether in Spot-Råvare-based ETFs. This action, accompanied by Commodities Futures Trading Commission (CFTC), which clarified the legislative framework for opportunities on these ETFs, paved the way for institutional investors to enter the market. In Chairman Atkins’ first major political shift, SEC inaugurated “Project Crypto” and approved redemptions in the wild for Spot BTC and ETH ETFs, allowing authorized participants to create and redeem ETF shares directly in BTC or ETH. In coordination with “Project Crypto”, CFTC-functioning chairman Pham has initiated “Crypto Sprint”, which seeks to enable “immediate trade in digital assets” on CFTC-registered exchanges. The SEC’s Division of Corporation Finance stated that fluid stacking activities covered by its statement issued yesterday do not involve offers and sales of securities.
- Legislative actions take the form of review of the genius law and the law of clarity working through the Senate. It creates a legislative framework that underlies “digital raw materials” associated with blockchain, excluding traditional products (bank deposits, raw materials, securities and investment vehicles) and divides primary regulatory supervision between CFTC and SEC. Once adopted, regulators are expected to quickly implement rules and a preliminary registration framework. The Senate Bank Committee also released a draft discussion of the Law on Responsible Economic Innovation to establish a greater role for SEC than in the Clarity Act in classification of digital assets.
- Trump administration invited a new era for the growth of digital assets, reinforced in a comprehensive policy report published last week by the White House working group in markets for digital asset, with guidelines and recommendations covering stablecoin Authority and SEAUS for the developers.
Activities in politics and capital markets adapt. Crypto is no longer on the sidelines, it becomes core infrastructure for the future of financing. The changes we have witnessed so far this year will undoubtedly lead to a robust finish in 2025.
