Forbes Fintech 50: Despite crypto winter, more crypto companies listed in Forbes Fintech 50 2022 than last year.
Another beaten Web3 disc. There are 9 crypto-enabled companies that have been included in the Forbes Fintech 50 2022 list.
This number surpasses the 8 crypto companies on last year’s Forbes Fintech 50 2021 list.
Collectively, the 9 crypto companies that feature in the Forbes Fintech 50 list this time have raised approximately $6.5 billion in total funding from various investors. Most of the investment injections have taken place in the last 12 months.
The list of crypto companies included in this list includes FTX, OpenSea, Alchemy, Ava Labs, Circle Internet Financial, Chainalysis, Fireblocks, Paxos, and TRM Labs.
By comparison, a total of 8 crypto companies that made the Forbes Fintech 50 2021 list in total raised approximately $1.7 billion in funding. Crypto companies that were on the list then included Alchemy, Anchorage, BlockFi, Chainalysis, Fireblocks, Gemini, Kraken, Paxos.
The Forbes Fintech 50 is an honorary list of the most innovative private companies in the world of financial technology (fintech).
Regarding the growing number of crypto companies on the Fintech 50 list this year, Forbes noted that crypto proponents are now adjusting to the reality of a bearish or downtrend market. Forbes believes that small victories like these should be sustained.
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mainly there is the FTX crypto exchange led by Sam Bankman-Fried, who managed to pocket a total funding of $1.8 billion from Sequoia, Temasek, Thomas Bravo, among others. This is a valuation of $32 billion.
Second, the non-fungible token (NFT) market OpenSea received $423 million in funding from Andreessen Horowitz (a16z), Paradigm and Haun Ventures, among others. This is a valuation of $13.3 billion.
Third place was taken by infrastructure provider web3 Alchemy with total funding of $413 million from a16z, Silver Lake, Lightspeed Venture Partners and others, with a valuation of $10.2 billion.
The fourth place is occupied by the creator of the Avalanche blockchain, Ava Laboratories. Forbes does not share the valuation of Ava Labs, but estimates that the market capitalization or market capitalization of the native AVAX of the avalanche token is $8.5 billion.
Fifth is Internet Finance Circlel, the entity behind the stablecoin USD Coin (USDC). He made the list by raising $1.5 billion in funding from BlackRock to Fidelity. This is a $9 billion valuation.
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Sixth, On-chain analysis providing cryptographic forensic and compliance services. It successfully raised $535 million in funding from Coatue, Paradigm, Accel and others. This is a valuation of $8.6 billion.
Seventh, firewall is an institution-protected crypto custodian company. It is a $1.2 billion investment injection from BNY Mellon, Coatue, Ribbit Capital and others. This is a valuation touching $8 billion.
Eighth is Paxos. It is a blockchain infrastructure platform that supports crypto buying and selling services in Venmo and PayPal. Paxos received $540 million in funding from the Founders Fund and several other investors. This is a valuation of $2.4 billion.
In ninth place is MRT Laboratories. They are backed by Blockchain Capital and Tiger Global with an injection of $80 million. The company helps government agencies investigate money laundering, crypto fraud, and other financial crimes by analyzing blockchain data.
Interestingly, TRM Labs is the only crypto company on the Forbes Fintech 50 2022 list whose valuation only reached $600 million, which means it has yet to achieve unicorn status.
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9 Crypto Companies Make The List
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