Blockchain infrastructure provider Blockdaemon, backed by major investors including Goldman Sachs and SoftBank, is considering going public in 2026. The company, valued at $3.3 billion, plans to assess market conditions in 2025 before making a decision. Blockdaemon, which serves over 400 institutional clients, secured $155 million in funding in September 2021. The CEO believes Hong Kong offers a more favorable listing environment than the US, but hopes the regulatory landscape for crypto in the US will improve after the November elections. The company also plans to expand its team in Asia. However, crypto startups in Hong Kong still face challenges due to regulatory requirements and difficulties in opening bank accounts.
Analyst Jamie Coutts Says Crypto Market Could Be in the Final Throes of a Bearish Phase – Here’s Why