Eleven Blockchain-Related Companies Enter Forbes’ Fintech 50 2018 List
The list includes six newcomers
Forbes’ 2018 list of the top 50 financial technology companies, published on Tuesday, includes 11 firms with operations related to Blockchain and crypto.
The hottest FinTechs are selected each year by a panel of some of the biggest names in the sector and are judged by innovation rather than revenue.
In its third edition, the list features 11 startups that support both public cryptocurrency markets and initiatives that could transform how current financial transactions are executed and recorded. Those companies, six of which are newcomers to the list, have the potential to disrupt the multi-trillion global financial industry.
Below is a list of the crypto companies that made it to Forbes’ prestigious list along with a short description of their operations:
The Bitfury Group, Amsterdam (newcomer) - makes hardware and software for Bitcoin mining and security, as well as software that supports Blockchains in government, supply chains and insurance.
Blockchain, London (newcomer) – offers a software platform for digital assets, which has powered more than 100 million transactions across 140 countries.
Chain, San Francisco - provides Blockchain technology for financial institutions and ledger balance software for FinTech and e-commerce companies.
Chainalysis, New York City (newcomer) - offers tools that allow institutions and law enforcement to trace specific transactions on the Blockchain.
Ripple, San Francisco – offers near-instantaneous and cheap cross-border payments through Blockchain technology. Transactions can be done with the XRP token, but it is not necessary to use the Ripple network.
Robinhood, Palo Alto – operates a platform, which offers commission-free trading of US stocks, ETFs, and options. It is set to launch platform for zero-fee trading of cryptocurrencies later this month.
Shapeshift, Switzerland (newcomer) – a crypto exchange that allows feeless trades between 70 cryptocurrencies, without establishing an account or wallet. It does not accept fiat currencies.
Symbiont, New York City (newcomer) - provides Blockchain technology platform to the capital markets.
Veem, San Francisco (newcomer) – offers a global payments platform that uses a multi-rail technology for international payments – money can be sent through the Swift network, third-party payment processing, or through Blockchain technology. It currently operates across 60 countries.
Xapo, Palo Alto - provides secure offline storage for investors who want to hold Bitcoin as a form of digital gold (as opposed to actively trading it). Also offers Bitcoin wallets for consumers, mainly in developing world.