Clear Street, a prominent crypto treasury underwriter, is set to launch an IPO with a valuation between $10 billion and $12 billion, potentially listing by January 2026. The IPO, managed by Goldman Sachs, underscores the growing institutional acceptance of cryptocurrency in global finance. In 2025, Clear Street facilitated over $91 billion in transactions and advised on significant treasury strategies, including Nakamoto Holdings' $700 million capital raise. Institutional investors are increasingly embracing digital assets, with nearly 60% planning to allocate over 5% of their assets under management to cryptocurrencies by 2026. This shift is supported by regulatory advancements like the EU's MiCA framework and U.S. spot Bitcoin ETFs, which are reducing uncertainty and enhancing infrastructure. Clear Street's IPO is anticipated to further institutionalize the crypto sector, offering a regulated avenue for capital inflows.