In the middle of a record year for Bitcoin, two cryptography companies organized initial public offers, and others hope to do the same. One of them seems to be blockchain.com, which announced earlier this year the hiring of a financial director and operations director, and announced on Wednesday that it had added Timothy Flynn, who previously directed KPMG and was director of JPMorgan, to his board of directors.
The announcement also included the appointment of the legal director of the Klaviyo electronic commerce site, Landon Edmond, to the company’s board of directors. The movements intervene in the middle of an unprecedented boom for the cryptography industry, which included a clamor of interest of investors for some of the oldest names in the sector, including Blockchain.com.
Founded around 2014, Blockchain.com was a first leader in the distribution of Crypto portfolios and has become partly known for its blockchain explorer tool, which provides an easy interface to people to search for Bitcoin transactions and other channels. He also made incursions in commercial and payment services in exchange.
According to President Lane Kasselman, Blockchain.com has three main activity routes: portfolios for retail users, crypto services for hedge funds and other institutions and asset management. This last company includes venture capital investments, high frequency exchanges and work with the cash companies of digital assets.
Kasselman described the company’s board of directors, which has nine with Wednesday’s appointments, such as “from Wall Street to Web 3.”
In a press release, Flynn described the company as “a bridge of trust between traditional finance and the digital economy”.
Blockchain.com, which was estimated at $ 7 billion in 2023, refused to comment if it actively pursues an initial public offer. The exchange of Kraken longtime crypto is another familiar name in the industry that has been the subject of media reports on a potential IPO.
In recent months, the Stablecoin Circle giant and the Haussier cryptography conglomerate made their public debut, four years after Coinbase organized the first IPO of industry.
