Originally published on: September 19, 2024
Blockdaemon, a leading Web3 infrastructure provider, is contemplating the possibility of going public with an initial public offering (IPO) in 2026. This exciting news comes from a recent report by Bloomberg News, which revealed insights from an interview with Blockdaemon’s founder, Konstantin Richter.
Looking ahead to the future, Richter expressed optimism about the potential IPO, stating, “Let’s see how 2025 holds up and then I think 2026 would be a year where we might want to pursue something like that,” to Bloomberg.
Richter also shared his preference for listing Blockdaemon in Hong Kong over the United States, citing concerns about the US regulatory environment for Web3 companies. He highlighted Asia as a key growth driver for Blockdaemon, with plans to significantly increase regional staffing by 2025. Additionally, Richter expressed confidence in the US regulatory climate improving post-election, regardless of the outcome.
As a provider of staking services to institutions, Blockdaemon offers a suite of blockchain infrastructure tools including non-custodial wallets, nodes, and programming interfaces for various blockchains, along with staking-as-a-service. This comprehensive platform, described as a “node stack,” plays a crucial role in helping institutions navigate the blockchain ecosystem effectively.
In a recent private funding round in 2022, Blockdaemon successfully raised $207 million, valuing the company at around $3.25 billion. This significant milestone solidified Blockdaemon’s position as a key player in the blockchain infrastructure space and showcased investor confidence in the company’s growth potential.
With over 400 institutional clients and backing from Wall Street giants like Goldman Sachs, JPMorgan Chase, and Citi Ventures, Blockdaemon has established itself as a trusted partner for institutions seeking reliable blockchain solutions.
As the landscape of Web3 infrastructure evolves rapidly, companies like Blockdaemon are at the forefront of innovation and expansion. Stay tuned for more updates on Blockdaemon’s journey towards a potential IPO in 2026 and its continued growth in the blockchain space.
