Web3 infrastructure provider Blockdaemon plans IPO in 2026

Odaily Odaily Web3 infrastructure provider Blockdaemon is considering an IPO in 2026. The company's founder Konstantin Richter said that he prefers to list in Hong Kong rather than the United States because of concerns about the regulatory environment for Web3 companies in the United States. Blockdaemon completed a $207 million private placement financing in 2022, with a valuation of approximately $3.25 billion. The company plans to nearly double its headcount in Asia by 2025, and expects the US regulatory environment to improve after the election. Blockdaemon provides institutions with a range of blockchain infrastructure products, including non-custodial wallets, nodes and programming interfaces for multiple blockchains, as well as staking services. (Cointelegraph)