2020-12-19 10:20 |
CB Insights today named BitGo, the leader in digital asset financial services, to its inaugural Blockchain 50 ranking, a list of the top private companies applying or analyzing blockchain technology to solve business or consumer problems across various industries.
Developed in partnership with Blockdata, a blockchain intelligence and data company that was acquired by CB Insights, the 2020 Blockchain 50 cohort includes companies from all around the globe across varying investment stages of development, from early-stage startups to well-funded unicorns. Combined, these companies have raised over $3B across 113 deals since 2017.
“Blockchain moved from possible to practical in 2020 as evidenced by the enterprise adoption we tracked. At the same time, the blockchain company ecosystem also became more crowded, creating noise and uncertainty for enterprises as they evaluate vendors and partners. The Blockchain 50, which we’ve created in conjunction with Blockdata, was born out of a desire to reduce that uncertainty and recognize the pioneering companies using the blockchain,” said CB Insights CEO Anand Sanwal. “This inaugural class of the Blockchain 50 is tackling a range of use cases across trade finance, capital markets, exchanges and more and are being used by banks, governments and major retailers. We’re excited to see the impact the Blockchain 50 will have on industries as their solutions are deployed and to see the continued evolution of blockchain technology as it matures.”
“Recognition from CB Insights for its inaugural Blockchain 50 list reinforces BitGo’s leadership as a digital assets financial services provider and its long established mission to build the most secure and compliant financial infrastructure for digital assets on the market today,” said Mike Belshe, CEO, BitGo. “As one of the most established players in the industry, BitGo has been innovating and transforming the way institutional investors custody, trade and lend digital assets, as well as navigate through the complex landscape. Our team’s passion and commitment to innovation has enabled BitGo to evolve from a digital assets custodian to a fully integrated digital asset financial services provider and we are confident that this is just the beginning for the company and the future of digital money.”
Through an evidence-based approach, the CB Insights research team, in collaboration with Blockdata, selected the Blockchain 50 from thousands of applications and nominees, based on factors including patent activity, business relations, investor profiles, news sentiment analysis, proprietary Mosaic scores, market potential, competitive landscape, team strength, and tech novelty.
The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
BitGo Quick Facts:
BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions.Largest processor of on-chain bitcoin transactions with over 20% of all global bitcoin transactions.Launched BitGo Prime in 2020, first full-stack digital asset solution integrating Prime Trading and Lending with BitGo Portfolio and Tax.In 2018, it launched BitGo Trust Company, the first regulated, qualified custodian purpose-built for storing digital assets.Supports more than 300 coins and tokens.Chosen and trusted by hundreds of exchanges and institutions across more than 50 countries.Quick facts on the 2020 Blockchain 50:
The 2020 Blockchain 50 companies have raised over $3B in aggregate equity funding across 110+ deals since 2017.The list includes five unicorns (companies valued at or above $1B) — Bitmain, Bitfury, Coinbase, Chainalysis, and Digital Currency Group.While the majority of the companies are based in North America, 40% of the 2020 Blockchain 50 winners are based outside the United States, in countries such as the United Kingdom and Switzerland.Blockchain Capital, Castle Island Ventures, Kinetic Capital, Pantera Capital, and Valar Ventures are the most active venture investors in the Blockchain 50, with 5 investments each since 2017.Since 2017, corporate venture capital firms Digital Currency Group, Galaxy Digital, and ConsenSys Ventures have struck 13, 12, and 7 deals with the cohort, respectively.The Blockchain 50 Companies (in alphabetical order):
AbraCipherTrace LedgerAlchemyClearmatics MetacoAlphaPointCoinbase MonetagoAnchorageCoinfirm NivauraAxoniCoinmetrics PaxosBakktConsenSys Prime TrustBinanceCoolBitX QEDITBison TrailsCurv R3Bitcoin SuisseData Gumbo SEBA CryptoBitfuryDigital Asset SecuritizeBitGoDigital Currency Group SENTBEBitmaindltledgers SFOXBitPandaErisX SymbiontBitwalaFireblocks The TieBlockchainGemini Tokeny SolutionsBlockFiGuardTime TradeIXChainalysisLayer1Similar to Notcoin - Blum - Airdrops In 2024