Blockdaemon, a blockchain infrastructure company valued at approximately $3.3 billion, plans to go public in 2026

Blockchain infrastructure company Blockdaemon could go public in 2026, founder Konstantin Richter said. The U.S. company, founded in 2017, has secured more than 400 institutional clients, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citi Ventures Inc., according to its website. Richter said Blockdaemon was last valued at about $3.3 billion. He said on Wednesday that Hong Kong is a better place to list than the U.S. right now because the latter's cryptocurrency regulatory environment is "really bad." He added that the U.S. regulatory environment will improve after the U.S. election in November, regardless of the outcome. He also said that Asia is a growth driver for its business and the company may double the size of its team in the region within a year. Blockdaemon was valued at $3.25 billion after a $207 million round of funding in 2022, with participation from SoftBank Vision Fund 2, according to a press release. (Bloomberg)