Blockchain infrastructure company Blockdaemon plans to go public in 2026

2024-09-19 15:15:59

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ChainCatcher news, blockchain infrastructure company Blockdaemon founder Konstantin Richter stated that the company may go public in 2026. The Blockdaemon website shows that this U.S.-based company, founded in 2017, has secured over 400 institutional clients, with supporters including Goldman Sachs, JPMorgan, and Citi Ventures Inc.

Richter stated that Blockdaemon's latest valuation is approximately $3.3 billion. He mentioned on Wednesday that Hong Kong is currently more suitable for an IPO than the United States, as the latter's cryptocurrency regulatory environment is "really bad." He added that regardless of the outcome, the regulatory environment in the U.S. will improve after the November elections. He also noted that Asia is a growth driver for its business, and the company may double its team size in the region within a year.

According to a press release, Blockdaemon's post-money valuation in a $207 million funding round in 2022 was $3.25 billion, with investors including SoftBank Vision Fund 2.

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