Blockdaemon mulls 2026 IPO: report
BlockDamon, a Web3 infrastructure provider, is considering pursuing an initial public offering (IPO) in 2026, a September 19 Bloomberg News report cited an interview with BlockDamon founder Constantin Richter.
“We'll see how 2025 holds up, and I think 2026 will be the year we want to pursue something like that,” Richter told Bloomberg.
Richter told Bloomberg that he would rather list BlockDemon in Hong Kong than in the US.
He added that Asia is the growth driver for BlockDamon, which plans to double its workforce in the region by 2025. Regardless of the outcome, Richter expects the US regulatory climate to improve, according to Bloomberg.
Blockdaemon did not immediately respond to requests for comment from Cointelegraph.
Blockdaemon provides great value to institutions. Source: Blockdaemon
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Blockdaemon makes a suite of blockchain infrastructure products for institutions. They include non-stakeholder wallets, nodes and programming interfaces for various blockchains and stacking as a service.
The platform, which Blockdaemon describes as a “cross-stack,” is “a broad collection of products used by institutions to navigate the blockchain ecosystem,” the company said.
Other companies — including Fiment and Kill — also provide critical services to U.S. financial institutions. Staking involves securing blockchains — such as Ethereum, Solana, and Avalanche — by posting them as collateral with validators to exchange crypto for network payments.
Staking pays rewards on many virtual assets. Source: StakingRewards.com
A number of Web3 infrastructure companies – such as Cirque Internet Financial – are also considering public market launches. According to a January 10 announcement, USD Coin (USDC), the widely used stablecoin managed by Circle, has filed for a draft IPO with the US Securities and Exchange Commission.
In the year In 2022, Blockdaemon closed on a $207-million private funding round, valuing the company at approximately $3.25 billion, Blockdaemon said in a statement.
Blockchain infrastructure companies are stabilizing US financial markets as more and more cryptocurrency investment products gain regulatory approval.
Exchange-traded funds (ETFs) holding Bitcoin (BTC) and Ether (ETH) fell on the US market in January and July. They currently command more than $60 billion in assets under management (AUM), according to data from fund researcher Morningstar.
In the year Founded in 2017, Blockdaemon serves more than 400 institutional clients and is backed by Wall Street firms including Goldman Sachs, JPMorgan Chase and Citi Ventures.
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