Blockchain infrastructure leader Blockdaemon Inc. is setting its sights on a potential initial public offering (IPO) in 2026, with Hong Kong emerging as its preferred destination. CEO Konstantin Richter confirmed in a recent interview with Bloomberg that the company is closely monitoring market and regulatory conditions, positioning itself for a public market debut during its ninth year of operation.
Founded in 2017, Blockdaemon has evolved into a critical backbone of the decentralized web, providing essential tools and services that power blockchain ecosystems. As global interest in digital assets and decentralized technologies continues to grow, Blockdaemon’s strategic IPO plans reflect broader trends in the maturation of blockchain-based enterprises.
Building the Foundation of Decentralized Infrastructure
At its core, Blockdaemon specializes in blockchain node deployment, staking solutions, and API access across a wide array of networks. These services are fundamental to the functioning of blockchain platforms, enabling enterprises and developers to interact with distributed ledgers securely and efficiently.
The company currently supports over 60 blockchain networks—including Ethereum 2.0, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network—making it one of the most versatile infrastructure providers in the industry. By managing complex backend operations like node maintenance and consensus participation, Blockdaemon allows clients to focus on innovation rather than technical overhead.
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This operational depth has attracted a high-caliber clientele, including Fortune 500 companies, major financial institutions, custodians, and fintech innovators. Notable names such as Citibank, Plaid, Goldman Sachs, B2C2, and Blockchange rely on Blockdaemon’s robust systems to manage critical blockchain functions like staking and network validation.
Staking, in particular, has become a cornerstone of modern blockchain economics. By locking up cryptocurrency assets to support network security and transaction validation, participants earn rewards—a mechanism that underpins proof-of-stake (PoS) blockchains. Blockdaemon enables institutional-grade staking with enterprise-level security, compliance, and monitoring tools.
Why Hong Kong Over the US?
Despite being headquartered in the United States, Blockdaemon has signaled a clear preference for listing in Hong Kong. According to Richter, the current regulatory environment for crypto-related businesses in the US remains uncertain and less supportive compared to other global financial hubs.
“In Hong Kong, there's a clearer regulatory framework for digital asset companies,” Richter explained. “The market is more receptive to blockchain innovation, which makes it an attractive option for our IPO.”
This sentiment echoes a growing trend among blockchain firms seeking stable, forward-looking jurisdictions for public listings. Hong Kong has positioned itself as a pro-innovation hub in Asia, introducing licensing regimes and policy support for virtual asset trading and Web3 development.
That said, Richter remains hopeful about future developments in the US. He believes that regardless of the outcome of the November 2025 elections, the regulatory climate for crypto could improve in the coming years. “We’re watching closely,” he added. “If conditions shift favorably, all options remain open.”
Expansion Plans in Asia: Doubling Down on Growth
Asia represents a key strategic frontier for Blockdaemon. With increasing adoption of blockchain technology across countries like Singapore, Japan, South Korea, and India, the region offers vast opportunities for infrastructure providers.
To capitalize on this momentum, Blockdaemon plans to double its team size in Asia within the next 12 months. This expansion will enhance local support, accelerate partnerships with regional institutions, and strengthen compliance capabilities tailored to diverse regulatory environments.
The move aligns with broader industry patterns—financial centers across Asia are increasingly embracing blockchain integration, from central bank digital currencies (CBDCs) to tokenized asset markets.
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Proven Track Record and Strong Financial Backing
Blockdaemon’s credibility is reinforced by its strong funding history and institutional endorsements. In 2021, the company raised $28 million in a Series A round led by Greenspring Associates, with participation from heavyweight investors including Goldman Sachs, BlockFi, Warburg Serres, Uphold, and Hard Yaka.
This early backing from traditional finance players underscores growing confidence in blockchain infrastructure as a viable and essential sector. With a current valuation estimated at $3.3 billion, Blockdaemon stands among the most valuable private companies in the Web3 space.
Core Keywords:
- Blockchain infrastructure
- IPO 2026
- Hong Kong IPO
- Node deployment
- Staking services
- API access
- Enterprise blockchain
- Decentralized networks
Frequently Asked Questions (FAQ)
Q: What is Blockdaemon’s main business?
A: Blockdaemon provides blockchain infrastructure services including node deployment, staking solutions, and API access for over 60 blockchain networks. It enables enterprises to securely connect with and operate on decentralized platforms.
Q: Why is Blockdaemon considering Hong Kong for its IPO?
A: The company cites Hong Kong’s more favorable and clear regulatory environment for digital asset firms compared to the current uncertainty in US crypto regulations.
Q: Is Blockdaemon already profitable?
A: While specific financials aren’t publicly disclosed, the company’s $3.3 billion valuation and strong client base suggest solid revenue performance and market confidence.
Q: Which major companies use Blockdaemon’s services?
A: Clients include Citibank, Plaid, Goldman Sachs, B2C2, and other financial institutions and fintech firms requiring reliable blockchain connectivity and staking infrastructure.
Q: What role does staking play in Blockdaemon’s offerings?
A: Staking is a core service where Blockdaemon helps institutions participate in proof-of-stake networks by securing tokens to validate transactions and earn rewards—with enterprise-grade security and monitoring.
Q: Could Blockdaemon still go public in the US?
A: Yes. While Hong Kong is the preferred choice today, the company remains flexible. CEO Konstantin Richter noted that improved US regulations post-2025 elections could make a US listing viable.
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Looking Ahead: The Road to 2026
As 2026 approaches, all eyes will be on how market dynamics evolve—especially in regulation and investor appetite for blockchain-focused public companies. For Blockdaemon, timing will be crucial. A successful IPO would not only validate its business model but also signal broader acceptance of blockchain infrastructure as a mainstream financial technology pillar.
With solid fundamentals, a global client base, and a clear growth strategy in Asia, Blockdaemon is well-positioned to navigate the path toward public markets—whether in Hong Kong or beyond.
The next two years will likely see intensified preparations: strengthening governance structures, enhancing transparency, and deepening partnerships. For investors and industry watchers alike, Blockdaemon’s journey offers a compelling case study in how Web3 infrastructure matures into enterprise-grade reality.