Blockdaemon Inc.

United States · owned by Independent (United States) · blockdaemon.com · 10 vendors

Blockdaemon is an institutional blockchain infrastructure company founded in 2017 in San Francisco that provides secure, scalable infrastructure for digital asset products including staking, node management, MPC wallets/vaults, APIs, and tokenization services. The company secures over $110 billion in digital assets for 400+ institutional customers across 70+ global points of presence and 60+ blockchain protocols. It is ISO 27001-certified and SOC 2 Type II compliant, serving leading financial institutions with custody, settlement, and blockchain data services.

Resilience scores

Disruption prediction

Blockdaemon Inc. has an estimated 17% probability of disruption in the next 6 months.

7 of Blockdaemon Inc.'s 10 vendors monitored for disruptions.

Technology vendors

Insights

Last updated 2026-09-15 · revision 2

10 direct vendors, 178 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 9/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Blockdaemon exhibits very high migration readiness. Their core internal tech stack is highly modern, cloud-native, and containerized, utilizing Kubernetes and Docker across AWS, GCP, and IBM Cloud. This multi-cloud orchestration capability means their workloads are inherently portable and not locked into a single provider, significantly easing potential migrations. The company's architecture is designed to support global data residency options for client services, leveraging major cloud provider regions worldwide, which is a critical enabler for compliant and flexible migrations. Financially, Blockdaemon's strong growth history and significant funding rounds provide ample resources to fund any necessary migration initiatives. While the 'Vendor Lock-in Risk: Unknown' is noted for general vendors, their explicit multi-cloud infrastructure strategy mitigates lock-in for core computing resources. The high level of regulatory compliance (SOC 2, ISO 27001, GDPR, NIS2) means that while compliance requirements must be met during migration, Blockdaemon already possesses the robust processes and controls necessary to manage such complexities effectively. Their extensive use of modern APIs (REST, WebSockets) and modular blockchain technologies further supports agile development and easier integration or re-platforming during migration efforts.

Compliance

9 in-scope frameworks identified; showing 3.

DORA (source) — Partially Compliant

Blockdaemon provides critical ICT services to financial entities in the EU, which are subject to the Digital Operational Resilience Act. Their SOC 2 report is cited as evidence of meeting DORA's requirements for resilient and audited controls.

As a critical ICT provider to financial entities in the EU, non-compliance with DORA could result in significant business disruption and financial penalties. The regulation is new and complex, increasing the risk of partial compliance.

Evidence: https://www.blockdaemon.com/blog/blockdaemon-completes-soc-2-type-ii-compliance-report, https://www.blockdaemon.com/

BSA — Assessment Required

Blockdaemon's services, particularly those involving staking and facilitating digital asset transactions for institutional clients, may fall under the purview of the Bank Secrecy Act and FinCEN regulations, depending on the specifics of their operations.

If Blockdaemon's services are deemed to fall under the definition of a money services business, non-compliance with BSA/FinCEN regulations could lead to severe legal and financial consequences. The complexity of applying these regulations to blockchain services increases the risk.

Evidence: https://talents.vaia.com/companies/blockdaemon/head-of-compliance-131672210/, https://www.blockdaemon.com/blog/navigating-the-world-of-blockchain-compliance, https://aave.com/blog/blockdaemon, https://www.blockdaemon.com/

NIS2 (source) — Assessment Required

As a provider of digital infrastructure and ICT service management with operations in the EU, Blockdaemon could fall under the scope of the NIS2 Directive, which applies to essential and important entities to enhance cybersecurity across the EU.

If Blockdaemon is classified as a 'digital infrastructure' provider under NIS2, non-compliance could lead to fines and operational disruption. The risk is medium as the applicability to their specific services needs to be confirmed.

Financials

Three-year financials

Financial Resilience Score: 6/10

Blockdaemon shows a mixed resilience profile. On the positive side, the company has raised substantial cumulative capital (estimates range from $332M per Latka to $494M per PitchBook), reached a $3.25B valuation in August 2022, and reported being net income positive at the close of 2021. Revenue estimates indicate strong growth from ~$50M in 2024 to ~$75M in 2025 (+50% YoY), and the firm serves 400+ institutional clients securing over $110B in digital assets, providing a durable enterprise customer footprint with ISO 27001 certification and OFAC/NORS compliance. However, Blockdaemon is a private US company with no audited financial statements, no disclosed EBIT, equity, cash, or debt figures, which limits transparency for counterparties. Revenue is cyclically tied to crypto market prices, and employee reviews reference cost cuts, benefit reductions, and layoffs. Headcount has trended downward from ~270 historically to ~175-224 across various current estimates. The last priced funding round is more than four years old, predating the 2022-2023 crypto drawdown, creating meaningful down-round risk if new capital is required. Competitive pressure from Blocknative, Consensys, Alchemy, Figment, Dfns and others further constrains the resilience score.

Key strengths: Cumulative capital raised of $332M-$494M across multiple rounds, $3.25B unicorn valuation as of August 2022, Reported net income positive at close of 2021, 400+ institutional clients securing over $110B in digital assets, Revenue growth of ~50% YoY (2024 to 2025), Enterprise-grade compliance (ISO 27001, MPC key management, OFAC/NORS), Strategic partnership with Taurus (Feb 2026) extending reach to State Street, UBS, Santander

Risk factors: Revenue cyclicality tied to crypto prices, Workforce contraction from ~270 to ~175-224 employees, Stale valuation (last mark August 2022) with down-round risk, No audited financials, no disclosed EBIT/equity/cash/debt, Employee reports of layoffs and benefit cuts, Competitive pressure from Blocknative, Consensys, Alchemy, Figment, Dfns

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