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

Blockchain infrastructure provider Blockdaemon, supported by major financial institutions including Goldman Sachs, SoftBank, and Kraken, is reportedly considering an initial public offering (IPO) in 2026. The company, which serves institutional clients such as OneDegree and CoinShares, is currently valued at approximately $3.3 billion. In an interview, Blockdaemon’s founder and CEO, Konstantin Richter, stated that the company would evaluate market conditions in 2025 before making a final decision. Since its establishment in 2017, Blockdaemon has amassed a client base of over 400 institutional customers. In September 2021, the company successfully raised $155 million in a Series B funding round from investors including Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital. Richter noted that Blockdaemon sees Asia as a significant area for growth and plans to expand its team in the region within the next year. Furthermore, although Hong Kong currently presents a more favorable listing environment compared to the U.S., regulatory challenges persist for crypto startups in the city, including difficulties in opening bank accounts due to stringent requirements and the caution of traditional banks.