The digital asset industry, once considered scrappy, has evolved into a sector characterized by structured governance, audited financials, and scalable revenue models. Exchanges that started as casual experiments now mirror traditional financial institutions, complete with compliance teams and long-term capital strategies. Recent developments, such as Circle's successful public debut and Gemini's US listing filing, indicate a shift towards institutional acceptance. Improved market sentiment, regulatory clarity, and maturation within the industry have paved the way for crypto firms to become 'IPO-ready.' Infrastructure and fintech-related companies are expected to dominate the upcoming IPO phase, with Asia emerging as a key player in the crypto space. The industry is witnessing a wave of structured financial products, signaling mainstream adoption. While institutions may not be fully ready to embrace crypto on their balance sheets, the trend indicates a gradual shift towards institutional comfort with digital assets. Read more AI-generated news on: https://app.chaingpt.org/news