Blockchain.com said it confidentially filed paperwork with the US Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).
The number of shares to be offered and the proposed price range have not yet been determined, according to an announcement on Thursday.
A confidential filing allows companies to begin the SEC review process before publicly disclosing financial details associated with the listing. The IPO remains subject to market conditions and completion of the SEC review process.
Blockchain.com is a cryptocurrency financial company that offers a range of products linked to digital assets, including a crypto exchange, wallet services, institutional trading and lending products.
The company held talks last year to go public in the US through a merger with a special purpose acquisition company (SPAC), according to reports.
Crypto firms entered 2026 expecting a blockbuster year for IPOs after public debuts by companies including Circle ( CRCL ) and Bullish ( BLSH ) (the parent company of CoinDesk) helped reopen investors to digital asset companies last year.
But deteriorating market conditions, weaker trading volumes and disappointing post-IPO performance from new public companies like BitGo ( BTGO ) have since cooled investor appetite.
As a result, several major firms, including Payward, the parent company of crypto exchange Kraken, Ethereum app builder Consensys and hardware wallet maker Ledger, have either delayed or put their IPO plans on hold while they wait for market conditions to improve.
