BlockDAG Funding, Investors & Competitors

Anchorage Digital is a San Francisco institutional digital-asset platform founded in 2017 by Diogo Monica and Nathan McCauley. Its group provides qualified custody, trading, staking, settlement, governance, and token-lifecycle services to institutions through regulated operating entities. Anchorage Digital Bank is a federally chartered digital-asset bank in the United States, while other group companies serve clients in additional jurisdictions. Asset managers, protocols, foundations, corporations, and other professional market participants use the platform to hold and transact crypto assets while applying institutional controls. The company earns fees from custody and related financial and technology services. Its 2025 acquisition of Hedgey added token vesting, allocation, distribution, and grant-management workflows to the product suite.

LayerZero Labs develops an interoperability protocol for moving data and digital assets across independent blockchain networks. Its software lets asset issuers and application developers build services that communicate across chains without maintaining isolated messaging systems for every network pair. LayerZero uses immutable on-chain endpoints, configurable verification modules and permissionless execution infrastructure to deliver cross-chain messages. Its Omnichain Fungible Token standard allows issuers to deploy assets across multiple networks without fragmenting liquidity. The company also provides Console, an enterprise operating platform through which issuers can configure, manage, monitor and control multi-chain assets. LayerZero serves stablecoin issuers, financial protocols, application developers, wallets, exchanges and other blockchain organizations. Revenue is tied to commercial software, infrastructure services and usage of its cross-chain messaging and execution network.

Paxos is a United States blockchain infrastructure and financial-technology company founded in 2012 and headquartered in New York. The company provides regulated technology for tokenizing, custodying, trading and settling digital assets. Financial institutions and consumer platforms use its application interfaces and operational infrastructure to offer cryptocurrency brokerage, custody and stablecoin services to their own customers. Paxos has issued or supported regulated digital assets including Pax Dollar, Pax Gold, PayPal USD and Global Dollar. It earns fees from infrastructure, custody, issuance, brokerage and transaction services supplied to enterprise clients. At the time of Mercado Libre's investment, customers and partners included PayPal, Interactive Brokers, Bank of America and several global banks. Paxos also powered the Mercado Pago experience that let Brazilian users buy, hold and sell Bitcoin, Ether and the USDP stablecoin from their digital accounts.

2TM is a Brazilian holding company that owns Mercado Bitcoin and other providers of solutions in crypto and blockchain. The group was born in 2013 and describes its flagship platform as the largest digital asset platform in Latin America, with a base of more than four million clients. Its sister businesses include a digital custodian, an asset tokenizer, an equity crowdfunding platform and an educational arm. SoftBank's Latin America fund led a US$200 million Series B in 2021 that valued the group at US$2.1 billion, followed by a US$50.3 million second closing, and Mercado Libre bought shares in January 2022. In 2021 and 2022 the group bought Par Mais, Portal do Bitcoin, Blockchain Academy, CriptoLoja and Wuzu, and it launched a venture unit, 2TM Ventures, in December 2021. The company is registered in Sao Paulo and in July 2026 announced a Series C first closing of about R$100 million led by Tether.

Securitize Holdings Inc provides a platform for tokenized real-world assets specializing in tokenizing real-world assets (RWAs) like funds, equities, and fixed income on blockchain networks. The company operates across two primary verticals: i) Tokenization: It consists of on-chain infrastructure and tokenization & distribution, ii) Asset Servicing: It covers post-issuance transfer agent and fund management services. The majority of the company's revenue is derived from the Tokenization vertical.

Finexity AG operates a OTC trading venue for tokenized Private Market-Investments, directly connecting issuers with trading partners such as banks, independent asset managers, and financial intermediaries. Its platform enables efficient access to a broad range of tokenized Private Market-Investments - including Private Equity, Private Credit, Real Estate, Infrastructure, and Collectibles -covering the entire value chain from structuring and tokenization to placement, trading, and settlement.

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2025, Square's payment volume was almost USD 260 million.

National Stock Exchange of India Ltd operates a vertically integrated stock exchange. It offers an integrated platform for trading, clearing, listing and other services such as data feed services, data terminal services and licensing services. The company's platform manages regulatory compliance, risk monitoring, and post-trade settlement. It offers various products across multiple asset classes, including cash market, futures, options, mutual funds platform, commodity derivatives, exchange-traded currency derivatives, wholesale debt market and interest rate futures. The majority of the company's revenue is derived from transaction charges.

Ripple is a San Francisco-headquartered blockchain company powering cross-border payments through the XRP Ledger. Its On-Demand Liquidity service settles transactions in 3-5 seconds for 100+ financial institutions including Santander, Standard Chartered, and SBI Holdings. Founded in 2012, Ripple processes $30 billion quarterly volume with software adopted by MoneyGram.

Kalshi is a CFTC-regulated exchange enabling trades on event outcomes in economics, climate, public health, media, and international affairs. New York-based since its 2021 launch, the platform offers granular markets beyond traditional stocks or bonds, providing direct exposure to specific trends. Kalshi serves retail and institutional investors with cash-settled contracts on over 1,000 monthly events.

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv’s Eikon service.

OKX operates a global cryptocurrency platform offering spot and derivatives trading, tokenized-asset access, wallets and Web3 services. Its exchange supports hundreds of assets and provides liquidity, order execution and account tools for both individual traders and professional market participants. The wider product suite includes self-custody wallet functions, decentralized-exchange aggregation, staking and other on-chain applications. Retail customers use OKX to buy, sell and hold digital assets, while institutions and trading firms use its market infrastructure and application-programming interfaces. The company earns primarily from transaction and service fees generated across centralized and decentralized products. In regulated European markets, OKX operates through an authorized crypto-asset service provider and states that customer funds are segregated and backed through proof-of-reserves processes.

Kraken operates a global digital-asset exchange serving individual traders and institutional clients. Founded in San Francisco in 2011, the company provides spot trading, margin trading, regulated derivatives and staking services across eligible jurisdictions. Its platform supports hundreds of cryptoassets and multiple fiat currencies, with interfaces ranging from a consumer application to professional trading tools and application-programming interfaces. Kraken Institutional groups liquidity, over-the-counter execution and other services for asset managers, hedge funds and high-net-worth clients. The company also operates regulated businesses such as the CF Benchmarks digital-asset index provider. Kraken reports clients in 190 countries and a distributed workforce spanning more than 70 countries. Its commercial model is based on trading and transaction fees together with fees for institutional and other digital-asset services.

Polymarket is a New York-based prediction-market operator founded by Shayne Coplan in 2020. Its platform lets customers buy and sell shares tied to binary outcomes across politics, economics, sports, business, technology and culture, with market prices serving as implied probabilities. Trades are matched peer to peer rather than against a house, and winning shares settle at one dollar after an outcome is resolved. The international product uses USDC and smart contracts, while the company has also developed a regulated United States venue after acquiring QCEX. Polymarket serves individual traders as well as institutions and media organizations that use its event-probability data. Its current commercial model includes taker fees on selected market categories, although some markets remain fee-free and part of the fees supports market-maker rebates. Intercontinental Exchange also distributes Polymarket data to institutional customers under the companies' strategic partnership. The business competes with regulated prediction exchanges and online betting platforms while positioning its markets as real-time information products.

Crypto.com is a Singapore-headquartered cryptocurrency exchange founded in 2016. The platform facilitates buying, selling, and trading more than 350 cryptocurrencies and tokens across spot, derivatives, and perpetual futures markets. Users access on-chain staking for assets like Ethereum and Cosmos, earn interest through flexible savings accounts, and build diversified portfolios with crypto baskets tracking indices such as DeFi or metaverse sectors. Crypto.com issues the Crypto.com Visa Card available in multiple tiers with cashback rewards up to 8 percent. The company powers fiat on-ramps in over 30 countries including USD, EUR, and GBP pairs. It operates the Cronos blockchain for DeFi applications and runs an NFT marketplace featuring collections from artists and brands. Crypto.com holds naming rights to Crypto.com Arena in Los Angeles and partners with Formula 1.

Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company's platform is a full-stack, internet financial platform business, organized around three pillars: Arc Blockchain and Developer Infrastructure, Circle Digital Assets and Services, and Circle Applications.

Blockchain.com is a cryptocurrency financial-services and infrastructure company founded in 2011. It began with a public Bitcoin block explorer and later developed consumer wallets, brokerage and exchange products for buying, selling, storing and transferring digital assets. The company also serves institutions through trading, custody and market-access capabilities. Its self-custody products allow users to control their own private keys, while custodial services operate under the company's compliance and licensing framework. Blockchain.com earns revenue from trading spreads, transaction and service fees, and institutional products rather than from the underlying public blockchains. The business has operated internationally from London and other offices, serving customers across numerous jurisdictions subject to local availability. Its financing history includes venture and strategic rounds used to expand products, regulatory coverage and institutional infrastructure through changing crypto-market cycles.