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The Wall Street investment bank expects a wave of crypto and blockchain public listings over the next two years as institutional investors shift their focus from speculative trading to real-world financial infrastructure.\nWhat to know : Jefferies expects a surge of crypto and blockchain-related public listings over the next two years, projecting the sector could become a $1 trillion public market within five years. Institutional investors are shifting focus from bitcoin price speculation to the integration of blockchain infrastructure into core financial systems, including tokenized money market funds, private credit and settlement networks. Traditional financial firms are increasingly partnering with crypto-native providers to use blockchain for faster settlement, improved capital efficiency and lower-cost, around-the-clock payments, with stablecoins and tokenized payments seen as key near-term growth areas.