Jefferies, one of Wall Street’s more established investment banks, just put a number on what many in the crypto industry have been whispering about for years. The bank projects that public listings of crypto and blockchain-related companies could collectively reach a $1 trillion market by 2031.

The forecast emerged from the bank’s inaugural Digital Assets Investor Conference, held on May 27 in New York. Around 150 institutional investors and executives from 35 digital asset firms gathered for the event.

The thesis: tokenization and stablecoins are doing the heavy lifting

The core thesis rests on two pillars: the tokenization of real-world assets and the integration of stablecoins into payments and settlements….