The financial services sector is at the crossroads, with an undeniable trend in the financial services that are transferred to the crypto. The digital active ingredients built on the blockchain transform the financial ecosystem and shape its future. Digital assets no longer live on the sidelines of the global financial system – they become at the heart of its future and the movement of value through capital markets and payment rails.
The relatively small size of the cryptography market turns to traditional financial markets, supporting the enormous opportunity of digital assets and their growth trajectory. The total market capitalization of the cryptocurrency approaches 3.8 billions of dollars, approaching a segment of the global MSCI index and overshadowed by global market capitalization for shares, providing for 128.07 dollars billions this year.
However, the environment of capital markets is flourishing, as evidenced by the IPOs Circle and Etoro and these notable trends of mergers and acquisitions:
- Partnerships: To deepen digital asset strategies – Kraken / Ninjatrader ($ 1.5 billion); Coinbase / derebit ($ 2.9 billion); Ripple / Hidden Road ($ 1.25 billion); and JPMorgan Chase connecting customers to Coinbase portfolios, allowing the financing of cryptographic portfolio via credit card awards and direct account financing.
- Private Equity: To enter new market sectors via an acquisition strategy based on the portfolio – Carlyle / Surepay (not disclosed); Capital / acrisure bath ($ 2.1 billion).
- Cross -border offers: To strengthen digital transformation and obtain a competitive advantage thanks to a wider market range – Robinhood / Bitstamp (200 million dollars); Swyftx / Caleb & Brown (100m-200 m is.).
This activity is motivated by a long -awaited change in policy:
- The regulatory action of Securities and Exchange Commission (SEC) in 2024 allowed the inclusion of bitcoin and ether in ETF based on basic products. This action, accompanied by Future Trading Commission commodities (CFTC) clarifying the regulatory framework for Options on these ETFs, paved the way for institutional investors to enter the market. In the first change of major policy of President Atkins, the SEC inaugurated “Project Crypto” and approved the buyouts in kind for the ETF Spot BTC and ETH, allowing authorized participants to create and buy the FNB directly shares in BTC or ETH. In coordination with “Project Crypto”, the acting chair CFTC Pham launched “Crypto Sprint”, seeking to allow “the immediate trading of digital assets” on the exchanges recorded by CFTC. In addition, the finance division of the SEC companies said that the liquid clearing activities covered in its declaration published yesterday do not involve the supply and sales of securities.
- Legislative action takes shape with the adoption of the law on engineering and the Clarity Act on its way through the Senate. It creates a regulatory framework that underlies the “digital products” linked to blockchain, excluding traditional products (bank deposits, products, securities and investment vehicles) and divides primary regulatory monitoring between the CFTC and SEC. Once promulgated, regulators must quickly implement regulations and a provisional registration framework. In addition, the Senatoric Banking Committee has published a project to discuss the responsible financial innovation law in order to establish a more important role for the SEC than in the Clarity Act in the classification of digital assets.
- The Trump administration has announced a new era for the growth of digital assets, reinforced in a full policy report published last week by the White House working group on digital asset markets, with directives and recommendations covering stablescoins, the structure of the digital asset market (including custody, regulatory authorities in token and negotiation infrastructure for developers.
Capital policy and market activities line up. The crypto is no longer on the sidelines, it becomes a basic infrastructure for the future of finance. The changes we have attended so far this year will undoubtedly lead to a robust finish for 2025.
