The cryptocurrency exchange supplier and Blockchain.com portfolio has taken new measures to a potential initial public offer (IPO) by appointing two experienced executives with financial and operational expertise.
Blockchain.com hired Justin Evans, who previously worked at Goldman Sachs, like his new financial director, Bloomberg reported. He also appointed Mike Wilcox, previously financial director of Velocity Global and former head of the Point72 portfolio, as operating director.
Evans said that the exchange “took the necessary measures to be a public company, if and when public procurement is available”.
This decision comes in the midst of a wave of other cryptocurrency companies that plan to become public, notably Circle, Kraken, Blakish Global (parent company of Coindesk), Gemini, Ripple and Bitgo.
The growing institutional adoption after large companies, notably Blackrock and Fidelity, launched offers of exchange funds (ETF) in cryptocurrency space and the more balanced approach, the American Securities and Exchange Commission (dry ) should adopt more favorable digital assets for these companies to become public.
Blockchain.com has seen its valuation fluctuating over time. In March 2021, he raised $ 300 million to a post-money assessment of $ 5.2 billion in his financing round of the C series. In 2022, he closed a financing cycle which increased his evaluation to 14 billion dollars, while in November 2023, it closed a financing link of $ 110 million promoting the company to $ 7 billion.
