Clear Street Readies $10–12B IPO After Role in Crypto-Treasury Boom
Clear Street, the New York brokerage that has underwritten many high-profile crypto treasury transactions, is preparing for a public listing that could value the firm between $10 billion and $12 billion, the Financial Times reports. The move caps a period in which Clear Street expanded services to crypto firms and institutional clients, positioning itself as a conduit for on- and off-ramp treasury operations and custody-related flows.
An IPO at that scale would be a notable vote of confidence in infrastructure players serving the crypto sector and could reshape competition in institutional brokerage and custody services. Market participants will watch pricing and timing closely: a successful listing could broaden capital access for crypto-native businesses, while also signaling growing investor appetite for regulated intermediaries that bridge traditional finance and crypto markets.