HSBC, BNP Join Canton; Gemini Eyes $3B IPO
Major financial institutions are reshaping crypto’s narrative in 2025, marking a departure from earlier cycles defined by retail speculation, memecoins and digital art alongside Bitcoin’s rise.
Two of the world’s largest banks — HSBC and BNP Paribas — have joined the tokenization-focused Canton Foundation, following the likes of Goldman Sachs and other major backers as institutions push to bring blockchain-based utility to clients.
At the same time, crypto markets are seeing a wave of billion-dollar shelf registrations and expanded initial public offering (IPO) plans, underscoring the race to accumulate digital assets and tap public markets.
This week’s Crypto Biz newsletter covers HSBC and BNP Paribas joining the Canton…
