Blockchain infrastructure provider Blockdaemon, which serves institutional clients like OneDegree and CoinShares, is reportedly considering a public listing in 2026.
Backed by prominent investors including Goldman Sachs, SoftBank, and Kraken, Blockdaemon’s CEO and founder, Konstantin Richter, shared insights in an interview with Bloomberg. He noted that while the company, currently valued at approximately $3.3 billion, plans to evaluate market conditions in 2025 before making a final decision, the potential for an IPO is on the horizon.
Founded in 2017, Blockdaemon has grown its client base to over 400 institutional customers. The company raised $155 million in a Series B funding round in September 2021, with contributions from firms such as Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.
Richter emphasized that Hong Kong presents a more favorable environment for listings compared to the U.S., where the regulatory landscape for crypto is considered challenging. However, he remains optimistic about improvements in the U.S. situation following the November elections, regardless of the outcomes.
With Asia identified as a key growth region, Blockdaemon plans to double its team in the area over the next year, though specific numbers were not disclosed.
Despite the allure of Hong Kong for crypto listings, startups in the region face hurdles, particularly regarding banking. Many Web3 firms struggle to open bank accounts due to stringent regulatory requirements and the cautious approach of traditional banks. As reported by crypto.news, Johnny Ng, a member of the Hong Kong Legislative Council, has urged authorities to enhance the regulatory environment, yet these challenges continue to deter many foreign companies from establishing local branches
