Kadena LLC

United States · kadena.io · 7 vendors

Kadena LLC is a blockchain platform that offers a scalable layer 1 Proof of Work blockchain and a secure smart contract language called Pact. The company aimed to provide a high-performance, scalable, and secure blockchain solution for enterprises and decentralized applications.

Resilience scores

Disruption prediction

Kadena LLC has an estimated 27% probability of disruption in the next 6 months.

5 of Kadena LLC's 7 vendors monitored for disruptions.

Technology vendors

Services catalogue

2 services in catalogue across 2 categories; runs on 7 sub-vendors.

Insights

Last updated 2026-08-14 · revision 1

7 direct vendors, 155 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.

Kadena LLC demonstrates exceptionally high migration readiness, largely due to its advanced and cloud-native internal tech stack. The widespread adoption of Docker and Kubernetes signifies a containerized and orchestrated environment, ensuring high portability of applications across various cloud providers or on-premise infrastructure. The use of AWS, Terraform for infrastructure-as-code, and a microservices-friendly stack (Node.js, TypeScript) further enhances their agility and efficiency in potential migration efforts. Crucially, the reported 'Total Vendors: 0' implies a complete absence of vendor lock-in, which is a substantial advantage, eliminating complex contract negotiations and technical dependencies often encountered during migrations. The absence of specified data residency requirements also simplifies the potential relocation of data. The primary challenges for migration readiness stem from the unknown financial stability (lack of data on revenue concentration and growth history), which could impact the funding of a significant migration, and the unspecified regulatory environment, meaning potential compliance requirements remain unknown.

Compliance

7 in-scope frameworks identified; showing 3.

ISO 27001 (source) — Assessment Required

ISO 27001 certification is a widely recognised best-practice framework for information security management. For a blockchain infrastructure company handling cryptographic keys, node infrastructure, and developer platform data, ISO 27001 would be highly relevant. The risk is Medium because: (1) the absence of ISO 27001 certification for a company managing blockchain infrastructure and cryptographic systems represents a meaningful security governance gap; (2) institutional partners and enterprise clients often require ISO 27001 as a baseline; (3) however, the company has ceased operations, eliminating ongoing risk. Residual risk relates to data security during the wind-down process.

Evidence: https://kadena.io, https://www.iso.org/isoiec-27001-information-security.html

US FinCEN — Assessment Required

This is the highest-risk regulatory area for Kadena LLC. The US Financial Crimes Enforcement Network (FinCEN) and the Bank Secrecy Act impose AML/KYC obligations on Money Services Businesses (MSBs), which include cryptocurrency exchangers and administrators. Kadena operated a native cryptocurrency (KDA) and a blockchain platform facilitating value transfer. Risk is High because: (1) FinCEN has actively pursued enforcement against cryptocurrency companies for BSA violations; (2) the SEC and CFTC have also asserted jurisdiction over digital assets; (3) failure to register as an MSB or implement AML programs carries severe civil and criminal penalties; (4) the wind-down of operations does not eliminate liability for historical non-compliance; (5) the sudden cessation of operations on October 21, 2025 may itself attract regulatory scrutiny.

Evidence: https://kadena.io, https://www.fincen.gov/resources/statutes-regulations/guidance/application-fincens-regulations-persons-administering, https://www.sec.gov/litigation/investreport/34-81207.pdf

OFAC Sanctions Compliance — Assessment Required

The US Treasury's Office of Foreign Assets Control (OFAC) requires all US persons and entities to comply with sanctions programs, including in the cryptocurrency space. OFAC has specifically targeted cryptocurrency companies and protocols (e.g., Tornado Cash designation in 2022). Risk is High because: (1) blockchain platforms by nature facilitate pseudonymous transactions that may involve sanctioned parties; (2) OFAC has issued specific guidance on virtual currency sanctions compliance; (3) US-based blockchain companies have strict obligations to screen users and transactions against OFAC's SDN list; (4) penalties for sanctions violations are severe, including civil penalties up to $1M+ per violation and criminal prosecution.

Evidence: https://kadena.io, https://ofac.treasury.gov/media/913571/download?inline, https://home.treasury.gov/system/files/126/virtual_currency_guidance_brochure.pdf

Financials

Three-year financials

Financial Resilience Score: 1/10

Kadena LLC ceased business operations on October 21, 2025, per the notice on its official website (kadena.io). This terminal event indicates the company's financial resilience was insufficient to sustain the business through the prolonged crypto downturn and challenging operating environment. As a private US LLC, Kadena did not publish audited financials, was not registered with the SEC, and no revenue, EBIT, or equity figures are available in primary public sources. Historically, Kadena had notable strengths: a strong technical founding team with JPMorgan blockchain backgrounds (Stuart Popejoy and Will Martino), ownership of a live Layer-1 proof-of-work blockchain (KDA token) with the Chainweb architecture, and capital raised through early token sales and private rounds during the 2018-2021 crypto cycles. However, its business was tightly coupled to the KDA token's market value and Kadena chain adoption, creating severe revenue concentration risk. The realized terminal risk, combined with regulatory overhang from US SEC actions against token issuers (2022-2024), competitive pressure from consolidation around Ethereum and Solana, and opaque private financials, all contributed to the wind-down. While the Kadena public blockchain may continue as a decentralized protocol, the corporate development entity is defunct.

Key strengths: Strong technical founding team from JPMorgan blockchain division, Owned live Layer-1 blockchain (KDA token) with Chainweb architecture, Raised capital via token sales and private rounds during 2018-2021 crypto cycles, Historical treasury of digital assets (KDA tokens)

Risk factors: Terminal risk realized: company ceased operations on October 21, 2025, Revenue concentration in a single ecosystem tied to KDA token value, Regulatory overhang from US SEC actions against crypto token issuers, Competitive pressure from L1 consolidation around Ethereum and Solana, Private, opaque financials limiting external solvency assessment, Prolonged crypto bear market 2022-2024 compressed treasury and runway

Revenue by product/service

Workforce by country

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