Pantera’s Veradittakit: Amber’s Public Debut May Kick Off a New Era of Crypto IPOs

As crypto matures and regulatory tides shift, the traditional finance world is opening its doors — and Amber Group just walked through.

The Hong Kong-based provider of institutional crypto services made headlines with its March 13 Nasdaq debut, marking a breakthrough moment for digital asset firms seeking mainstream legitimacy. Now, Pantera Capital’s Paul Veradittakit says this could be the spark that sets off a wave of crypto IPOs.

“This is only the beginning,” said Veradittakit, a managing partner at Pantera and early investor in Amber. “We’re already seeing interest across our portfolio — at least ten companies are exploring public offerings right now.”

These firms span the spectrum: custodial services, stablecoin issuers, and developer platforms — all looking to capitalize on growing investor demand and a regulatory environment that’s slowly becoming more favorable in the U.S.

Earlier this week, Circle, the issuer behind USDC, revealed its own IPO plans, filing to list on the New York Stock Exchange. It’s a signal that crypto’s move into public markets is more than a one-off — it’s a broader migration.

For Amber, the listing represents more than access to capital. CEO Wayne Huo sees it as a bridge between global markets. “This isn’t a battle between East and West — it’s a partnership. Real innovation happens when both sides collaborate,” he said.

Amber plans to use the proceeds and increased visibility to scale internationally, focusing on expanding its offerings for institutional clients. As of Tuesday, shares closed at $11.38, valuing the company at around $1 billion.

With regulators showing increased openness and investors hungry for structured exposure to digital assets, Veradittakit believes the public markets will become a major destination for crypto companies in 2025 and beyond.

“We’re witnessing the next stage of evolution in the space,” he said. “Crypto is going public — literally.”