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

Odaily News Konstantin Richter, founder of blockchain infrastructure company Blockdaemon, said the company could go public in 2026. The U.S. company, founded in 2017, has secured more than 400 institutional clients, according to its website, with backers including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citi Ventures Inc. Richter said Blockdaemon's latest valuation was about $3.3 billion. He said on Wednesday that Hong Kong is a better place to go public than the United States 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's post-money valuation in a $207 million round of financing in 2022 was $3.25 billion, with investors including SoftBank Vision Fund 2, according to a press release. (Bloomberg)