Only three cryptocurrency firms made Forbes’ annual list of 50 innovative fintech companies: Chainalysis, Fireblocks and Gauntlet. To qualify for consideration, companies had to be privately owned and based in the U.S.
Chainalyis is a blockchain analytics firm that specializes in examining and tracking crypto transactions. The New York-based company, which has raised $535 million and was valued at $8.6 billion in May 2022 according to Forbes, cut 15% of its workforce in October, adding to a 5% cut in February 2023. It notably published a report on the funding of terrorism following Hamas’ Oct. 7 attacks and hostage-taking in Israel, refuting a Wall Street Journal report on the subject.