IPO Brings Transparency and Trust

Speaking at Consensus Hong Kong 2025 on February 19, Belsche emphasized, “To address Wall Street, you need to be a public company.”

He pointed out that traditional finance firms’ attempts to work with private crypto companies had not always been successful, citing FTX as an example: “That didn’t work out so well.” The bankrupt exchange recently announced a new creditor repayment round for May.

Belsche added that Wall Street now recognizes the importance of regulatory oversight from the Securities and Exchange Commission (SEC) and other institutions, which are key in building trust in digital assets.

As a co-founder of BitGo in 2013, Belsche hinted at a potential IPO for his firm but refrained from providing a specific timeline.

Should Crypto Firms Go Public?

Sharing the stage with Belsche, Bullish CEO Tom Farley supported the idea that public listings would benefit the crypto industry:

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“Being listed on a well-respected public market demonstrates a commitment to financial transparency and instills confidence in investors.”

While neither executive confirmed concrete IPO plans, both agreed that public offerings could enhance transparency and credibility within the crypto sector.

Crypto Regulations Under Trump Administration

Belsche and Farley also discussed potential regulatory shifts under Donald Trump‘s presidency and a Republican-controlled Congress.

Belsche highlighted that pro-crypto appointments at the SEC and the Commodity Futures Trading Commission (CFTC) could positively impact the industry. “Policy changes take time, but major reforms are on the horizon,” he said.

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