Despite the crypto winter, the number of crypto companies on the Forbes Fintech 50 2022 list increased compared to the year before.
Another Web3 record has been broken! 9 companies specializing in cryptocurrencies came on the Forbes Fintech 50 2022 list. Last year, however, only 8 crypto companies managed to be part of the Forbes Fintech 50 2021.
The 9 crypto companies on the Forbes Fintech 50 list this year received about $ 6.5 billion in total funding from various investors. The majority of these investments have been made in the last 12 months.
The crypto companies that came on the list are: FTX, OpenSea, Alchemy, Ava Labs, Circle Internet Financial, Chainalysis, Fireblocks, Paxos and TRM Labs.
By comparison, the 8 cryptocurrencies on the Forbes Fintech 50 2021 list received only $ 1.7 billion in total funding. In 2021, the following crypto companies entered the Forbes Fintech 50 list: Alchemy, Anchorage, BlockFi, Chainalysis, Fireblocks, Gemini, Kraken and Paxos.
Forbes Fintech 50 list
Forbes Fintech 50 is a list of honors for the world’s most innovative private financial technology companies (fintech).
Referring to the growing number of crypto companies on this year’s Fintech 50 list, Forbes noted that crypto followers are now adapting to reality in a market that is currently bearish and declining. Forbes believes that society should value small gains like this.
Forbes Fintech 50: the 5 best crypto companies
The first crypto company on the list is crypto exchange FTX, CEO is Sam Bankman-Fried. FTX received a total of $ 1.8 billion in funding from sources including Sequoia, Temasek and Thomas Bravo. The company is valued at $ 32 billion.
The Non Fungible Token (NFT) marketplace follows in second place OpenSea. OpenSea received $ 423 million in funding from Andreessen Horowitz (a16z), Paradigm, Haun Ventures and more. The company is valued at $ 13.3 billion.
Third is the Web3 infrastructure provider Alchemy on the list. Alchemy has $ 413 million in funding from a16z, Silver Lake and Lightspeed Venture Partners, among others. Alchemy is estimated at $ 10.2 billion.
The fourth crypto company on the list that founded the Avalanche blockchain is Ava Labs. Forbes did not share Ava Labs’ valuation, but estimates the market value of the native Avalanche token AVAX at $ 8.5 billion.
In fifth place follows Circle Internet Financial, the company behind USD Coin (USDC) stablecoin. The company topped the list with $ 1.5 billion in funding from BlackRock for Fidelity. Circle Internet Financial is valued at $ 9 billion.
Forbes Fintech 50: the last 4 crypto companies
The sixth crypto company on the list is chain analysis. Chainalysis provides cryptographic research and compliance services and received $ 535 million in funding from Coatue, Paradigm, Accel and others. Chainalysis is valued at $ 8.6 billion.
The seventh follows fire blocks, a company specializing in cryptocurrency custody. Fireblocks received a $ 1.2 billion investment injection from sources including BNY Mellon, Coatue and Ribbit Capital. The company is valued at $ 8 billion.
The company is in eighth place paxos. Paxos is a blockchain infrastructure platform that supports cryptocurrency buying and selling services in Venmo and PayPal. The company received $ 540 million in funding from the Founder Fund and a number of other investors. Paxos is valued at $ 2.4 billion.
The latest crypto company on the Forbes Fintech 50 is TRM Labs. Blockchain Capital and Tiger Global supported TRM Labs with an investment of $ 80 million. The company helps public authorities investigate money laundering, cryptocurrency fraud and other financial crimes by analyzing blockchain data.
Interestingly, TRM Labs is the only crypto company on the Forbes Fintech 50 2022 list valued at just $ 600 million. The company has not yet achieved unicorn status.
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