Banks expand crypto ties to capture IPO deals under Trump: report

Wall Street banks are pushing to land IPO Crypto agreements while Trump works to make the United States a cryptographic center.

Large banks seek to earn more money with cryptographic companies as the first public offering a loom, reports Bloomberg, citing familiar people with the problem. According to A report of February 10Morgan Stanley is now actively looking for cryptographic customers, while Bank of America is considering more transactions, and the Royal Canada Bank wishes to extend its crypto portfolio.

The spark of interest occurs as exchanges like Gemini and optimistic consider become public. Kraken and stable transmitter Circle also explored public lists before.

Banks are impatient to conclude these offers as Donald Trump The administration suggests design regulations to make the United States a leader in cryptography. During the Bitcoin 2024 conference, Trump promised This, if it were elected, he would do in the United States the “cryptographic capital of the planet”.

Bullish had once planned to make public in a $ 9 billion SPAC agreement with the acquisition of Far Peak. However, in 2022, the exchange abandoned the idea. Former CEO Brendan Blumer said the agreement was canceled Because the process took “more time than expected”. Bank of America is also preparing for more crypto offers, although the details remain vague.

Meanwhile, the Swedish giant of Fintech Klarna has a great thrust in the crypto before its IPO of April. Like crypto.News reported Earlier, Klarna CEO, Sebastian Siemiatkowski, shared plans on X to add crypto to the platform. With a potential evaluation of $ 15 billion, Klarna’s IPO could be one of the largest this year.