International law firm White & Case partner Laura Katherine Mann stated that 2025 is just a "trial run" for crypto company IPOs, with 2026 being the real test. At that time, the market will determine whether crypto IPOs can become a sustainable asset class or are merely cyclical trades established during a bull market. She predicts that the IPO structure in 2026 will change: shifting from a focus on "Digital Asset Reserve Companies (DAT)" to more traditional financial logic, including regulated exchanges and brokers, custodial and infrastructure service providers, as well as stablecoin payment and funds management platforms. (CoinDesk)
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International law firm White & Case partner Laura Katherine Mann stated that 2025 is just a "trial run" for crypto company IPOs, with 2026 being the real test. At that time, the market will determine whether crypto IPOs can become a sustainable asset class or are merely cyclical trades established during a bull market. She predicts that the IPO structure in 2026 will change: shifting from a focus on "Digital Asset Reserve Companies (DAT)" to more traditional financial logic, including regulated exchanges and brokers, custodial and infrastructure service providers, as well as stablecoin payment and funds management platforms. (CoinDesk)