Blockchain infrastructure company Blockdaemon, valued at about $3.3 billion, to go public in 2026
Konstantin Richter, founder of blockchain infrastructure company Blockdaemon, said the company could have an IPO in 2026.Blockdaemon's website shows that the U.S.-based company, which was founded in 2017, has already secured more than 400 institutional clients, with backers including Goldman Sachs Group Inc, JPMorgan Chase & Co and Citi Ventures Inc ( Citi Ventures Inc.). Blockdaemon's latest valuation is about $3.3 billion, Richter said. He said on Wednesday that Hong Kong, China, is currently a better place to list than the U.S., where the 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 election. He also said that Asia is a growth driver for his business, and that the company could double the size of its team in the region within a year. Blockdaemon has a post-investment valuation of $3.25 billion in a $207 million funding round in 2022, with participants including SoftBank Vision Fund 2, according to a press release.
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