PIPE Trading and Encryption Assets: A New Configuration Strategy for Listed Companies

The concept of encryption vaults is undergoing a revolutionary transformation. It has evolved from merely holding Bitcoin to new models involving multi-chain layouts, native staking, and token dividends. This trend is prompting a deep integration of traditional finance with blockchain technology, reshaping the boundaries between publicly listed companies and encryption protocols.

PIPE Trading: A Fast-Track Listing Channel for Encryption Companies

PIPE trading, or "Private Investment in Public Equity," is becoming the preferred method for crypto-native companies to enter the capital markets. This approach allows private investors to inject capital into public companies at a discount, offering advantages such as speed and simplicity of process. Combined with reverse mergers, PIPE provides a fast track for crypto projects to go public, enabling them to quickly gain global attention and secure funding.

Iconic Case Analysis

Tron’s Nasdaq Journey

The founder of Tron has renamed the company to Tron Inc through a reverse merger with a Nasdaq-listed company and plans to complete PIPE financing of 100 million USD in TRX tokens. This move not only transforms TRX into the core asset of the company but also hints at a potential future launch of a dividend mechanism based on TRX. This series of actions demonstrates the founder's keen grasp of market trends and flexible commercialization capabilities.

Eyenovia transforms Hyperion DeFi

Eyenovia, a company originally focused on eye drop technology, is transforming into Hyperion DeFi through a partnership with Hyperliquid. The company plans to hold a significant amount of HYPE tokens and operate a native staking validation node, actively participating in network development. This transformation reflects the determination of traditional enterprises to step into the encryption field.

Global Trends: Diversified Encryption Asset Allocation

The trend of publicly listed companies establishing encryption vaults has become global and is no longer limited to Bitcoin:

• The French Blockchain Group holds approximately 1,600 BTC, with a market value about three times that of its Bitcoin holdings.
• Japan's MetaPlanet holds 10,000 bitcoins, and its stock price is nearly 7 times the value of its bitcoin holdings.
• Hong Kong MemeStrategy has included Solana in its treasury, with a market value far exceeding the value of its encryption asset holdings.

These cases reflect the differences in attitudes and demand for encryption assets in different markets.

The Importance of New Trends

The PIPE trading and token vault strategy marks a fundamental shift in the way publicly listed companies enter the encryption space:

1. The encryption vault has become a market signal, reflecting the company's strategic positioning and ecosystem alliances.
2. The rise of native token上市 companies has formed a multi-token strategy bound to specific ecosystems.
3. PIPE trading has become the standard path for encryption companies to quickly enter the capital market.
4. Institutional investors are beginning to bet on a multi-chain future, no longer limited to a single encryption asset.

This trend indicates the emergence of new types of listed companies that operate in traditional financial markets but follow the rules of Web3. In the future, it is possible that every mainstream encryption project will have its corresponding "listed representative", marking a significant shift in the operational paradigm of capital markets.