Goldman Sachs-backed blockchain infrastructure provider Blockdaemon eyes 2026 IPO: report

Blockchain infrastructure provider Blockdaemon, which powers enterprise clients such as OneDegree and CoinShares, may be aiming for an IPO in 2026.

Blockdaemon, a crypto infrastructure provider whose holdings include Goldman Sachs, SoftBank and Kraken, plans to go public in 2026.

The company, currently valued at around $3.3 billion, will assess market conditions in 2025 before making a decision, founder and CEO Konstantin Richter told Bloomberg.

Founded in 2017, Blockdaemon has built a customer base of over 400 enterprise clients. The company raised $155 million in a Series B funding round in September 2021 from backers including Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.

Richter said Hong Kong currently offers a more favorable environment for listings compared to the U.S., where the regulatory environment for crypto is “really bad.” However, he expects the situation in the U.S. to improve after the November elections, regardless of the outcome.

Seeing Asia as a key growth area for the firm, Blockdaemon’s CEO stated that the company plans to double its team in the region within a year, although exact figures were not disclosed.

Despite Hong Kong’s appeal for crypto listings, startups in the city continue to face challenges. Web3 firms still appear to be struggling to open bank accounts due to strict regulatory requirements and the cautious stance of traditional banks. As Crypto.news previously reported, Hong Kong Legislative Council member Johnny Ng called on authorities to improve the regulatory environment, but these issues are still holding many foreign companies back from setting up local branches.