September 2026
Largest Crypto & Web3 Platforms Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
DeFi Technologies, WonderFi, DMG Blockchain Solutions, Neptune Digital Assets and Sol Strategies.
 | DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and leading protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation. | $1 | -69% | $252M | $131M | 1.7x | 1.9x | ||
| WonderFi Technologies Inc is a technology company with the mission of creating digital access through its platforms. It operates in three segments: Trading, Payments, and Corporate. The Trading segment, comprising Bitbuy, Coinsquare, and CoinSmart crypto exchange platforms, generates the majority of the company’s revenue. | -- | -- | $173M | $155M | - | - | ||
| DMG Blockchain Solutions Inc is a full-service blockchain and cryptocurrency company. It manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem. It is also involved in server hosting and other similar service arrangements for the transaction verification services business and software solutions. The company engages in the research and development of technology solutions related to the transaction verification business. It derives maximum revenue from digital currency mining, and the rest from software licensing, the sale of mining equipment, set-up and hosting fees, and others. | $0 | +14% | $81M | $93M | 2.7x | 16.7x | ||
| Neptune Digital Assets Corp is engaged in developing, owning, and operating infrastructure for the digital currency ecosystem. Its core assets are digital currencies, and its main business activities include Bitcoin mining, blockchain staking, and node management to generate digital currency rewards, as well as participation in decentralized finance (DeFi) activities. Additionally, the company engages in cash lending with the objective of earning interest. The company operates in Canada and the United States. The majority of the company's bitcoin mining revenue is derived from Canada. | $0 | -34% | $63M | $56M | 43.3x | 81.0x | ||
| Sol Strategies Inc is engaged in investing in blockchain technologies and crypto currencies. Company executes its Investment Objective through three lines of effort: Treasury management: Maintaining a core portfolio of cryptocurrencies for long-term growth, enhanced with risk management strategies to minimize volatility, and generating yield through lending, staking, and liquidity provisioning; Private equity focused on early stage companies in the DeFi and blockchain sectors; and Active investments to generate yield through strategic activities, including Bitcoin mining and stalking and validating Solana. | $1 | -70% | $50M | $88M | 8.5x | (3.9x) | ||
| Intellistake Technologies Corp is a technology company that is focused on decentralized artificial intelligence and engaging in operations across the blockchain ecosystem, including proof-of-stake mining, blockchain nodes, digital tokens and validators. | $0 | -70% | $43M | $41M | - | (28.0x) | ||
| LQWD Technologies Corp is developing software, which enables the setup of nodes and payment channels on the Bitcoin Lightning Network. The Lightning Network is a layer two technology that dramatically improves Bitcoin's scalability, transaction fees, and settlement times. | $1 | -52% | $19M | $17M | 819.5x | (2.3x) | ||
| HYLQ Strategy Corp formerly, Tony G Co-Investment Holdings Ltd is an investment holding company focused on investments in companies operating in the blockchain, cryptocurrency, payment processing, syndicated credit, online commerce, and online gambling industries, including companies or other entities that service such industries. The company’s investments are domiciled in the Bahamas (Crypto news) and Lithuania (Sportclothes). | $1 | -- | $10M | $9M | 538.4x | (7.1x) | ||
| CoinSmart Financial Inc is a Toronto-based fintech company that operates an online crypto asset trading platform that provides a secure and intuitive platform for trading crypto assets. It is a digital asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum, combined with the seamless ability to on-ramp and off-ramp fiat. The CoinSmart Platform lists liquid crypto assets, including Bitcoin, Ether,Polkadot, Shiba Inu, Chainlink, Uniswap, Solana, Polygon, Avalanche, Litecoin, Bitcoin Cash, Dogecoin,Stellar, USD Coin, EOS and Cardano. | $0 | -- | $10M | - | - | - | ||
| BitRush Corp is currently looking to adopt a new business plan or an acquisition. | $0 | -- | $6M | $8M | - | (87.6x) | ||
| TenX Protocols Inc is engaged in the acquisition, custody, and staking of digital assets, and the development and operation of blockchain validator infrastructure and related technologies. The Company earns staking revenue by delegating digital assets to third parties that employ Proof-of-Stake technology to provide blockchain verification services to selected blockchain networks in order to earn staking rewards. | $0 | -- | $5M | $693K | 6.7x | (0.1x) | ||
| Blockmate Ventures Inc is a Web3 incubator/venture creator focusing on clean energy and blockchain technology, and decentralization businesses to provide greater utility, accessibility, and sustainability around everyday services. | PE & VC+1 | $0 | -53% | $4M | $9M | - | (1.8x) | |
| Universal Digital Inc is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The company provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of finance through the integration of digital asset strategies. | $0 | -- | $2M | $2M | 10.8x | (0.1x) | ||
| Mobilum Technologies Inc is a fintech company that builds powerful yet simple integrations for small and large businesses to accept payments and manage their cryptocurrency businesses online. | $0 | -- | $23K | $126K | 0.1x | (0.0x) | ||
| Median | $0 | -53% | $15M | $17M | 8.5x | (1.0x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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