Verified excerpt published on July 25, 2025
The Next Crypto Revolution? Onchain IPOs Are Coming for Wall Street
One of the most overlooked frontiers in crypto today is the quiet march toward onchain IPOs.
Just as stablecoins are disrupting legacy intermediaries who’ve extracted value without adding it, onchain capital formation is coming for the IPO gatekeepers: the bankers, brokers, and institutions who’ve long controlled access to public markets.
Replacing (or in some cases eliminating) these middlemen won’t just streamline the process, it may finally revive the broken IPO pipeline that’s stagnated for over a decade..
Diogo Monica
General Partner
Diogo Mónica is a Portuguese-American entrepreneur and cybersecurity expert renowned for his contributions to the cryptocurrency industry. He co-founded Anchorage Digital, the first federally chartered crypto-native bank in the United States, where he currently serves as Executive Chairman. Prior to Anchorage, Mónica held pivotal roles at Square (now Block) as Platform Security Lead and at Docker as Security Lead, where he developed infrastructure securing global financial systems and cloud services . He holds a Ph.D. in computer science from Instituto Superior Técnico in Lisbon, Portugal . In 2024, Mónica joined Haun Ventures as a General Partner, formalizing his extensive angel investing experience in over 100 startups . Additionally, he serves as Chairman of the NEAR Foundation and has been recognized among Fortune’s 40 Under 40 in Finance .