Bitpanda bets on banks, tokenization to expand globally ahead of IPO plans
Crypto broker Bitpanda is expanding globally by providing crypto infrastructure to banks and financial firms, while preparing for a potential IPO.Summary
Vienna-based crypto broker Bitpanda is shifting its global expansion strategy to focus on supplying crypto infrastructure to banks and financial institutions, rather than competing directly with local retail exchanges. This approach, formalized through the launch of Bitpanda Enterprise, leverages existing trust in banks and capitalizes on Bitpanda's strong regulatory standing under frameworks like MiCA, which is attractive in emerging markets. The company reported €371 million in adjusted revenue for 2025 and is reportedly preparing for a potential IPO on the Frankfurt Stock Exchange in early 2026, targeting a valuation between EUR 4 billion and EUR 5 billion. Key to their future growth will be supporting tokenization for assets like bonds and real estate, although they will focus on providing infrastructure rather than issuing their own stablecoins.
(Source：CoinDesk)