It's been quite the year for crypto going public. As the industry wrapped up this bellwether period for IPOs, major players like Circle and Bullish have marked significant milestones in taking crypto companies to traditional markets. This year essentially served as a litmus test—showing how receptive the broader financial system has become to crypto-native businesses seeking public listings. The momentum and success of these offerings reveal growing institutional confidence in digital asset infrastructure, while also highlighting the evolving path for Web3 companies transitioning from private funding rounds to public markets.