Web3 infrastructure provider Blockdaemon is looking to meet up with the growing demand for its services. To this end, the firm is currently considering the possibility of launching an initial public offering (IPO) in 2026. That is, according to a recent report from Bloomberg, which cited Blockdaemon’s founder, Konstantin Richter.
Per the report, Richter spoke extensively on the IPO plans during an interview with the media outlet. The CEO noted that 2025 will serve as a year of consolidating and fine-tuning the company’s plans. If all goes as planned, then 2026 could be the perfect time to make the move, Richter added.
Blockdaemon Eyes Potential Hong Kong Listing Ahead of US
Meanwhile, Richter reportedly also shared that there is some sort of preference to list Blockdaemon in Hong Kong rather than in the United States. This, according to the CEO, is due to the more complex regulatory environment that Web3 companies have to face in the U.S.
Although Richter believes that the regulatory environment in the U.S. could improve after the next presidential election, there may be other factors behind this Hong Kong preference.
For instance, away from rules and regulations, Asia, so far, has proven to be a major growth market for Blockdaemon. So much that the firm is already planning to double its workforce in the region by 2025.
So, even though Richter is not ruling out the possibility of future opportunities in the U.S., Hong Kong remains Blockdaemon’s best bet for an IPO, he suggested.
Blockdaemon’s suite of blockchain infrastructure products has attracted significant institutional interest. The company provides non-custodial wallets, nodes, programming interfaces, and staking services across various blockchains. Its “node stack” enables institutions to navigate the blockchain ecosystem seamlessly. With competitors such as Figment and Kiln also offering staking services to financial institutions, Blockdaemon’s IPO plans may just establish it as a leading project in this fast growing sector.
Meanwhile, it might be worth mentioning that a good number of other Web3 infrastructure companies are also currently weighing their options as regards making a public market debut. Circle Internet Financial, for instance, has, since January, submitted a draft IPO registration to the U.S. Securities and Exchange Commission (SEC)
