← Embedded Finance Index 2026

Blockchaincom

“Can Blockchain.com become the vertically integrated global crypto finance house — combining self-custody wallet, exchange, embedded crypto infrastructure (Pay API), and crypto-backed lending — to capture the full financial lifecycle of crypto holders at scale?”

Founded2011
HQLondon, England, United Kingdom
FoundersPeter Smith, Benjamin Reeves, Nicolas Cary
Total raised~$490M+ (pre-Series D)
Latest roundSeries D, 2022
Valuation$14B post-money (2022)
IndustryFintech / Crypto
The story

Founded in 2011 as the first Bitcoin blockchain explorer, Blockchain.com evolved into a mass-market self-custody wallet before expanding into a full-stack crypto exchange and brokerage. The company layered in institutional lending, then retail crypto-backed loans in 2026, and launched Blockchain.com Pay — an embedded crypto infrastructure product for third-party developers — positioning itself as a B2B2C crypto finance platform. The trajectory mirrors a move from consumer wallet to a comprehensive 'crypto finance house', with embedded infrastructure and lending as the current growth vectors. An IPO has been flagged as an upcoming event.

Last 12 months
2026-05
2026
Product timeline
2011
Founded as Blockchain.info, launched the first public Bitcoin blockchain explorer.· pivot
2012
Launched a self-custody cryptocurrency wallet that went on to account for 28% of Bitcoin transactions between 2012 and 2020.· banking
2021
Raised $300M Series C at $5.2B valuation; launched institutional markets lending business.· lending
2022
Raised Series D at $14B valuation led by Lightspeed Venture Partners; expanded exchange and brokerage capabilities.· pivot
2024
Launched Blockchain.com Pay, an embedded crypto payments API enabling third-party apps to offer fiat-to-crypto onramp/offramp using Blockchain.com infrastructure.· banking
2026
Globally launched Crypto-Backed Loans product allowing users to borrow USDC against BTC/ETH collateral, with rates starting at 1.9% p.a.· lending
Same company
Blockchaincom was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
Blockchain Com2 layers →Blockchaincom Professional Services1 layer →Blockchain0 layers →
The stack
3 layers disclosed in Blockchaincom’s embedded-finance stack
Payments / PSP
Stripe
Lending
in the full report
Crypto
in the full report
Accounting gap: minor
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.