Konstantin Richter, founder of blockchain infrastructure company Blockdaemon, said the company may go public in 2026. Blockdaemon's latest valuation is about $3.3 billion. He said on Wednesday that Hong Kong is currently a better place to list than the US because the US cryptocurrency regulatory environment is "just too bad." He added that, regardless of the outcome, the US regulatory environment will improve after the US presidential election in November.

According to a press release, Blockdaemon was valued at $3.25 billion in a $207 million funding round in 2022, which included SoftBank Vision Fund 2.