Core Insights - Public has acquired the crypto business of Alto for $65 million, which includes approximately $600 million in assets under management, marking a significant move in the crypto IRA space [1][2][6] - The acquisition aligns with Public's strategy to cater to "upmarket" investors, offering a broader range of crypto assets compared to competitors like Fidelity [4][6] - The integration of Alto's crypto accounts is expected to be completed by 2026, while Alto will continue to operate its other investment services independently [5] Company Overview - Public, founded in 2019, provides a diverse range of investment options, including stocks, bonds, and derivatives, and is targeting a median customer age of 38 [4][6] - Alto is recognized for its extensive selection of crypto assets available for retirement accounts, distinguishing it from other providers [2] Industry Context - The regulatory environment for crypto retirement accounts remains uncertain, with recent executive orders aimed at expanding asset offerings in 401(k) plans yet to be implemented [6]