According to the business magazine, all nine of the firms that made it into the Forbes Fintech 50 list for 2022, such as the cryptocurrency exchange FTX, raised a combined total of $6.5 billion in venture capital. The list was revealed on Tuesday.
Forbes reports that FTX, which is run by billionaire Sam Bankman-Fried and obtained US$1.5 billion in private finance, is now valued at US$32 billion. The most recent list includes private enterprises that have operations in the United States.
OpenSea, a marketplace for non-fungible tokens, recently completed a fundraising round that was worth $300 million USD, which increased the platform’s value to $13.3 billion USD.
According to Forbes, crypto businesses and business-to-business neobanks are doing-especially well when it comes to receiving venture financing.
The list also includes the blockchain companies Chainalysis, which is an analytics firm; Circle, which is an issuer of stablecoins; Paxos, which is an infrastructure provider; Fireblocks, which is a crypto custodian; blockchain developer Alchemy; TRM Labs, which is an intelligence firm; and Ava Labs, which is the company that created Avalanche.
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