Overview
- The company filed a confidential draft Form S-1 with the U.S. Securities and Exchange Commission on May 21, 2026, which starts the formal review process a firm must complete before a public offering can proceed.
- People familiar with the plans say Blockchain.com is targeting roughly $500 million in proceeds and a valuation between $4 billion and $6 billion but has left the size and timing flexible pending SEC feedback and market conditions.
- On September 23, 2026, Blockchain.com signed a memorandum of understanding with the New York Stock Exchange to explore offering tokenized U.S. stocks and ETFs through the NYSE’s planned digital trading platform and to share market data, with launches dependent on regulatory approvals.
- The company highlights scale and profitability as selling points, reporting more than 95 million wallets, roughly 43–44 million confirmed accounts, over $1.1–1.2 trillion in lifetime transaction volume, and adjusted profitability for the past three years.
- The proposed IPO reflects a marked re-price from a $14 billion private peak in 2022 to recent private-market trades nearer $4 billion, a gap that underscores how the company’s public debut could affect investor sentiment, regulatory scrutiny, and investment in tokenization and compliance infrastructure.