... (coins pegged to fiat currencies such as Tether (USDT) or USD Coin (USDC)). This law lays the foundation for a stablecoins market valued at about ~$250 billion, requiring issuers to maintain full reserve backing and high transparency. Concurrently, the SEC ... ... afforded “safe harbors” — temporary regimes facilitating launches. Moreover, trading of spot crypto assets on regulated exchanges has been allowed alongside futures in collaboration with the Commodity Futures Trading Commission (CFTC). All these ...

... investment banks, brokerage firms, or consortiums of financial institutions that help companies list their shares on the stock exchange. They are responsible for preparing the company for the IPO, including conducting a marketing campaign, setting the offering ... ... usually paid a commission, which is a certain percentage of the amount of funds raised. Key Functions of Underwriters in an IPO 1. Valuing the Company and Setting the Share Price Underwriters conduct a thorough valuation of the company to determine its market ...

... – the highest since spring 2021. About two-thirds of this volume is situated within the Ethereum blockchain; the rest is distributed across other networks (such as Solana, among others). Leading DeFi platforms – services for staking, lending, and exchanging – have regained their positions, accumulating tens of billions of dollars and restoring user trust. A new impetus for the industry is being provided by the trend towards tokenization of real assets: tokens backed by traditional values (debt obligations, real estate, etc.) are being launched on the blockchain, attracting new large players into DeFi. Technological advancements have also played a significant role – Ethereum network fees have decreased compared to their peak levels ...

... NFT token. This enables the verification of authenticity and ownership of items outside the game. In contrast to traditional gaming objects that exist solely on the publisher's servers, NFT items truly belong to the player and can be freely sold or exchanged on external marketplaces. For the gaming market, the emergence of NFTs signifies a shift to a new economic model where the value of in-game achievements extends beyond the confines of the game. Previously, players were unable to legally sell their accounts or rare items; now, blockchain technology allows these items to become fully-fledged digital assets. This transforms ...

... and create conditions for a successful placement of shares on the stock exchange. Legal preparation and compliance with legal requirements. In Russia, this includes bringing the constituent documents into compliance with the requirements of the Moscow Exchange, preparing for the registration of the prospectus, and compliance with corporate legislation. It is important to consider all legal aspects to avoid delays or refusals of registration. Determining the value of the company and the terms of raising capital. The value of the company at the pre-IPO stage plays a key role, as it determines the terms of participation for investors. The correct choice of valuation method, for example, comparative analysis ...