← 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
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.