Blockdaemon Preparing for IPO in 2026. Founder and CEO Konstantin Richter revealed this in an interview on the sidelines of a cryptocurrency conference in Singapore. “Let’s see how 2025 goes and then I think 2026 is a year where we might want to do something like that. That’s a good time frame. The company would be eight, nine years old at that point,” said the top manager of the company founded in Los Angeles in 2017.
Richter also indicated Hong Kong as the preferred location for the IPO compared to Wall Street, as the regulatory environment in the United States “is really bad,” he said. Although he added that after the U.S. elections in November, the attitude toward cryptocurrencies should improve regardless of who the next U.S. president is.
Blockdaemon: who is it and what does it do?
Bloackdaemon is a company that provides companies with rapid implementation and iteration services. innovative blockchain applications. Today it has a network of over 70 points of presence globally, serving over 400,000 institutional clients. The list of institutional clients includes banks, custodians, and trusts, with prominent names such as Blockchange, Plaid, Citibank, Goldman Sachs, and B2C2. Blockdaemon also supports a number of blockchain networks including ETH 2.0, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and Lightning Network.
Backing the company are investors such as Goldman Sachs, JP Morgan Chase, Citi Ventures and the SoftBank Vision Fund 2. In the last funding round of 2022 in which Blockdaemon raised $207 million, the cryptocurrency company It was valued at $3.25 billion. This follows a 2021 raising of $28 million through a Series A funding round led by Greenspring Associates, with participation from Goldman Sachs, BlockFi, Warburg Serres, Uphold, and Hard Yaka. The company is focusing heavily on Asiadefined by Richter as a significant growth engine where the team will double in size within a year.
The listing announcement comes as cryptocurrencies have left behind the dark period of 2022 marked by fraud and scandals such as the bankruptcy of Sam Bankman-Fried’s FTX. In recent years, there has been growing recognition of digital assets, as demonstrated by the Securities and Exchange Commission’s approval of the first spot Bitcoin ETFs and the first form of regulation in the United States with FIT21. Blockdaemon’s goal at this point is to arrive at 2026 with even greater adoption by institutional investors.