Blockchain.com builds bridge between crypto and Wall Street with KPMG veteran on board

Blockchain.com, a prominent name in the cryptocurrency industry, has added Timothy Flynn, the former CEO of KPMG and a director at JP Morgan, to its board of directors. This appointment follows the hiring of Landon Edmond, the Chief Legal Officer of e-commerce firm Klaviyo, and is part of a broader strategy to position the company for a potential initial public offering (IPO). The appointments bring the total number of board members to nine, as the firm aims to strengthen its leadership to meet the demands of a rapidly evolving crypto market [1].

Founded in 2015, Blockchain.com has long been a key player in the crypto space, known for its user-friendly wallet services and the widely used Blockchain Explorer tool that allows users to track transactions on Bitcoin and other blockchains. In recent years, the company has expanded into crypto exchanges and payment services, broadening its market reach. According to President Lane Kasselman, the company operates three core business lines: retail crypto wallets, institutional-grade services for hedge funds and asset managers, and asset management, which includes venture capital investments and high-frequency trading [1].

The board additions reflect Blockchain.com’s intent to bridge the gap between traditional finance and the digital asset economy. Flynn, in a statement, described the company as a “trusted bridge between traditional finance and the digital economy.” With its valuation reaching $7 billion in 2023, the firm has not confirmed whether it is actively preparing for an IPO but has clearly signaled its ambitions in the public market [1].

The broader crypto industry is experiencing a surge in IPO activity, with several well-known firms exploring or already undergoing public offerings. Earlier in 2025, Bullish, a crypto exchange co-founded by former NYSE president Tom Farley, made its IPO debut on the New York Stock Exchange. Similarly, stablecoin giant Circle also went public, raising over $1 billion, marking a significant milestone in the maturation of the crypto sector. These developments highlight increasing institutional confidence and regulatory clarity in the United States [3].

Meanwhile, another blockchain firm, Figure Technologies, has also filed for an IPO, with Goldman Sachs, Jefferies, and Bank of America among the underwriters. The company, which operates in the tokenization space, claims a dominant position in the real-world assets (RWA) market. Industry analysts suggest that the trend of crypto firms going public is indicative of a broader acceptance of digital assets and blockchain technology by traditional financial institutions [2].

As Blockchain.com continues to strengthen its corporate governance and expand its services, it joins a growing number of crypto firms navigating the transition from private to public markets. The company’s strategic hires and ongoing business expansion underscore its position as a key player in the digital economy and its potential to become a major public entity in the near future [1].

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[1] Blockchain.com adds former CEO of KPMG to board (https://fortune.com/crypto/2025/08/20/blockchain-com-adds-former-ceo-of-kpmg-to-board-as-longtime-crypto-firm-eyes-ipo/)

[2] Blockchain Lender Figure Technologies Preps for IPO as ... (https://finance.yahoo.com/news/blockchain-lender-figure-technologies-preps-111854606.html)

[3] Bullish stock soars 83% in NYSE debut after crypto IPO (https://www.cnbc.com/2025/08/13/crypto-exchange-bullish-more-than-doubles-in-nyse-debut-after-pricing-ipo-above-expected-range.html)