Several leading Web3 companies are positioning themselves as potential public market candidates heading into 2026. Industry sources suggest Kraken, the cryptocurrency exchange, could command a valuation around $20 billion at IPO, while infrastructure player Consensys may target around $7 billion. BitGo, focused on institutional custody solutions, is valued near $1.75 billion, and gaming investment firm Animoca Brands sits at approximately $6 billion. Separately, Ledger—the dominant player in hardware wallet hardware solutions—is reportedly gearing up for fresh funding rounds as part of its expansion strategy. These moves reflect growing institutional appetite and the maturing landscape of Web3 companies seeking mainstream capital access. The convergence of regulatory clarity and market maturation appears to be accelerating the timeline for these firms exploring traditional financing pathways.