Forbes Fintech 50 2022: 9 Crypto Companies Make The List

Forbes Fintech 50: Despite the crypto winter, the number of crypto companies listed in the Forbes Fintech 50 2022 is higher than last year,

Another Web3 record broken. There are 9 companies focused on crypto that have been included in the Forbes Fintech 50 2022 list.

This number surpassed 8 crypto companies on last year’s Forbes Fintech 50 2021 list.

Collectively, the nine crypto companies on the Forbes Fintech 50 list have raised a total of $6.5 billion this time from various investors. Most of the investment injections came 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.

In comparison, a total of 8 crypto companies that were included in the Forbes Fintech 50 2021 list raised a total of around $1.7 billion. Crypto companies on the list at the time included Alchemy, Anchorage, BlockFi, Chainalysis, Fireblocks, Gemini, Kraken, Paxos.

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The Forbes Fintech 50 is an honorary list of the most innovative private companies in the world of financial technology (fintech).

Regarding the increasing number of crypto companies in the Fintech 50 list this year, Forbes noted that crypto supporters are now adjusting to the reality of the market which is experiencing recession or decline. Forbes believes that such small victories should be upheld.

Forbes Fintech 50 First 5

First, there is FTX Crypto Exchange Led by Sam Bankman-Fried, Joe managed to secure a total of $1.8 billion in funding from Sequoia, Temasek, Thomas Bravo, among others. Its valuation is $32 billion.

Second, the non-fungible token (NFT) market open sea Received $423 million in funding from Andreessen Horowitz (a16z), Paradigm, and Hone Ventures, among others. Its valuation is $13.3 billion.

Third place was filled by web3 infrastructure provider juiciness With a valuation of $10.2 billion, with total funding of $413 million from a16z, Silver Lake, Lightspeed Venture Partners and others.

The fourth place is occupied by the creator of Avalanche Blockchain, Ava Labs, Forbes does not share Ava Labs’ valuation, but estimates the market cap, or market capitalization, of Avalanche Token’s native AVAX at $8.5 billion.

fifth is circle internet financel, the unit behind the stablecoin USD Coin (USDC). It made the list by raising $1.5 billion in funding from BlackRock to Fidelity. Its valuation is $9 billion.

Forbes Fintech 50 Last 5

Sixth, Chainalysis Provides crypto investigation and compliance services. It managed to raise $535 million in funding from Coatue, Paradigm, Accel and others. Its valuation is $8.6 billion.

Seventh, fireblocks is an institution-focused crypto custodian company. It received an investment injection of $1.2 billion from BNY Mellon, Coatue, Ribbit Capital, and others. Its valuation is 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. Its valuation is $2.4 billion.

ranked ninth TRM Labs, They are backed by Blockchain Capital and Tiger Global with an investment injection of $80 million. The company helps government agencies investigate money laundering, crypto fraud, as well as other financial crimes by analyzing blockchain data.

Interestingly, TRM Labs is the only crypto company on the Forbes Fintech 50 2022 list with a valuation reaching only $600 million, which means it has not yet reached unicorn status.

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