Forbes Publishes Its Top 50 Blockchain Firms of 2021

Forbes Publishes Its Top 50 Blockchain Firms of 2021

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Key Takeaways

Forbes has published its list of top 50 blockchain companies. The list includes several household names including Coinbase, PayPal, Square, and Walmart. It includes 21 new additions this year.

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Forbes has published its Blockchain 50 list, outlining some of the most notable blockchain companies in operation today.

Who Is On the List?

The list includes several notable crypto exchanges, such as Binance and Coinbase, alongside derivatives exchanges such as CME Group and the Intercontinental Exchange (via Bakkt).

A number of payments companies are also on the list, including Square (which supports Bitcoin payments and is led by Twitter founder Jack Dorsey), PayPal (which recently added crypto sales) and Visa (which has just announced support for Bitcoin banking).

The list also includes several blockchain friendly banks, including Credit Suisse, which uses Paxos to settle stock trading. It includes HSBC, which uses blockchain for forex trading, and ING Group, which uses blockchain for AML compliance. JPMorgan Chase, with its interbank blockchain Liink, is also on the list.

Investment companies are featured as well. Grayscale and Fidelity Digital Assets, both of which offer institutional Bitcoin investment funds, have both made the list.

The remainder of companies listed largely use blockchain for data management and supply chain purposes. The list includes household names such as IBM, Microsoft, and Walmart.

New Companies Added

This publication is Forbes’ third annual list. 21 new companies were added, while previously high-ranking companies such as Facebook, Google, Amazon and Ripple were removed.

“All of [those companies] are still active in blockchain but kept lower profiles in the space over the past 12 months,” Forbes writer Michael del Castillo noted in the piece.

Newly added companies this year include the crypto investment group the business intelligence firm Microstrategy, which invested $1 billion in Bitcoin last year, and NBA, which has launched a series of blockchain collectibles called “Top Shots.” Other notable additions include the Digital Currency Group, Oracle, and Boeing.

Though Forbes’ selection is subjective, all companies on the list have revenue or a valuation of at least $1 billion, meaning that the companies above are notable by any objective measure.

At the time of writing this author held less than $50 of Bitcoin, Ethereum, and altcoins.

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