Bitcoin's strong year has coincided with multiple crypto IPOs and rising investor interest in established crypto firms. Blockchain.com added Timothy Flynn, a former KPMG leader and JP Morgan director, and Landon Edmond, Klaviyo's chief legal officer, to its nine-member board after hiring a CFO and COO earlier this year. Founded in 2015, Blockchain.com pioneered crypto wallets and the Blockchain Explorer, and later expanded into exchange and payment services. The company operates three lines: retail wallets, institutional crypto services, and asset management, which includes VC investments, high-frequency trading, and digital-asset treasury work. The firm was valued at $7 billion in 2023 and declined to comment on IPO plans.
Amid a banner year for Bitcoin, two crypto firms have held initial public offerings, and more are hoping to do the same. One of those appears to be Blockchain.com, which earlier this year announced the hiring of a Chief Financial Officer and Chief Operating Officer, and on Wednesday announced that it had added Timothy Flynn, who has previously led KPMG and served as a director of JP Morgan, to its board.
Kasselman described the company's board, which numbers nine with Wednesday's appointments, as "spanning from Wall Street to Web 3." In a statement, Flynn describe the firm as "a trusted bridge between traditional finance and the digital economy." Blockchain.com, which was valued at $7 billion in 2023, declined to comment on whether it is actively pursuing an initial public offering.
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