What does Blockstream do?

Blockstream builds Bitcoin and digital asset infrastructure, including wallets, hardware security devices and a Bitcoin layer-2 network.

Who founded Blockstream?

Blockstream was founded by Adam Back, Austin Hill, Erik Svenson in 2014.

Who are Blockstream's investors?

Blockstream's investors include Acequia Capital (AceCap), Blockchain Capital, DCVC (Data Collective), DG Daiwa Ventures, Digital Currency Group, Fulgur Ventures, Future Perfect Ventures, Mosaic Ventures and 2 more.

How much funding has Blockstream raised?

Blockstream has disclosed $15.2M raised across 1 round.

Where is Blockstream headquartered?

Blockstream is headquartered in Montreal, KY.

Blockstream

Montreal, KY · Founded 2014 · 186 employees on LinkedIn · 10 known investors

Find your way into Blockstream

1,048 people in our graph share verified history with the Blockstream team — schools, employers, funds. One of them is your warm intro.

Javier Solterounlockedknows Adam Back · together at VMware (overlapped)

×3knows the team · via Stanford University

×2knows the team · via VMware

×4knows the team · via University of Exeter

×2knows the team · via Inovia Capital

Blockstream builds infrastructure and products for the Bitcoin ecosystem, including a wallet app for managing bitcoin and Liquid assets and a hardware wallet for self-custody. It serves individuals and businesses looking to secure and transact digital assets.

Also known as Blockstream

Crypto & Web3 Fintech Hardware

Founders & leadership

Blockstream was founded in 2014 by Adam Back, Austin Hill, and Erik Svenson.

Adam Back in 𝕏Co-founder & CEOAdam Back is a cryptography consultant with prior experience at VMware/EMC, Picorp, Microsoft Passport, and Zero Knowledge Systems, specializing in cryptographic protocols, Bitcoin, electronic cash systems, and privacy-enhanced technologies.

Austin Hill inCEO & Co-Founder2014–2016Austin Hill co-founded Blockstream, which builds infrastructure and products for the Bitcoin ecosystem including wallet and hardware security solutions, and has also co-founded several other technology ventures including Machine Phase Systems, Zero-Knowledge Systems, and InJoy.

Erik Svenson inCo-Founder and President2025–2025Erik Svenson spent 10 years in finance at companies including AIG and John Hancock, followed by roles in multiple startups including Dan's Plan, a health technology company, where he served as COO. He co-founded Blockstream and leads finance and operations.

Hammie HillinDirector and Chief Financial Officer

Shahir GuindiSecretary

Board

Reid Hoffman in 𝕏Board Member2014–2024Co-founder of LinkedIn; Partner at Greylock

Investors · 10

Acequia Capital (AceCap)Seattle · $100K – $5M

Blockchain CapitalSan Francisco · $25K – $200K

DCVC (Data Collective)Palo Alto · $5M – $25M

DG Daiwa Ventures

Digital Currency GroupNew York

Fulgur VenturesWilmington

Future Perfect VenturesNew York · $500K – $5Mvia Jalak Jobanputra · inferred

Mosaic VenturesLondon · $1M – $10M

The HiveSanta Monica · $1.5M – $3M

Atlantic Vantage PointreportedParis · $1M – $150M

Reported raises · per SEC filings

Form D private placements

$15.2M disclosed across 1 round · 2014

▶$15.2MraisedOct 2014 · 15 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Austin HillExecutive Officer, Director
Shahir GuindiExecutive Officer
Hammie HillExecutive Officer, Director
Reid HoffmanDirector
Adam BackExecutive Officer, Director

Offering amount: $16.2M
Amount sold: $15.2M
First sale: Sep 2014
Incorporated: Corporation, Canada (federal Level), 2014
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Blockstream develops infrastructure and products for Bitcoin and digital assets. Its publicly presented technology suite covers a consumer wallet application, a hardware wallet, a Bitcoin layer-2 network for digital asset issuance, enterprise custody and treasury services, and an implementation of the Lightning Network.

The product line includes the Blockstream App, a Bitcoin and Liquid wallet for managing bitcoin and Liquid assets; Blockstream Jade, an open-source hardware wallet for self-custody, with a Jade Plus model; the Liquid Network, a Bitcoin layer-2 used for digital asset issuance; Blockstream Enterprise, covering Bitcoin custody, treasury and tokenization; and Core Lightning, a Lightning Network implementation. The company also operates an online shop for its hardware products and publishes announcements and research through a newsletter.

Business model

Blockstream offers Bitcoin-related software and network products alongside hardware devices sold through its own online shop, and provides custody, treasury and tokenization services to enterprises.

▸Full profile — technology, go-to-market

Technology

Technology spans a Bitcoin and Liquid wallet application, the Liquid Network layer-2 for digital asset issuance, Core Lightning as a Lightning Network implementation, and the open-source Blockstream Jade hardware wallet for key protection and self-custody.

Go-to-market

Products are distributed directly via the company website and online shop, with downloadable wallet software and a subscription newsletter for announcements and research.

Individuals seeking self-custody and wallet tools for bitcoin and Liquid assets, and businesses and enterprises requiring custody, treasury and tokenization capabilities.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Founder mafia

2 people who came through Blockstream went on to found or lead other companies.

Reid HoffmanBoard MemberFounded LinkedIn +2 Michael GolombChief Financial OfficerFounded Fanvestor

Competitors · 7

by search overlap

Blockchain160 shared keywordsBlockchain.com is a global infrastructure platform for digital assets that provides cryptocurrency trading, DeFi wallet services, and blockchain exploration tools to millions of users worldwide.

Ledger155 shared keywordsLedger provides hardware and software cryptocurrency wallet solutions that enable users to buy, swap, earn, and manage digital assets with security features and portfolio tracking capabilities across multiple blockchain networks.

Coinbase143 shared keywordsCoinbase is a cryptocurrency exchange platform that offers trading, custody, and financial services for cryptocurrencies, stocks, derivatives, and prediction markets to consumers, institutions, and developers. The company operates a full-stack infrastructure including secure custody, liquidity services, stablecoin infrastructure, and global settlement rails.

Bitget92 shared keywordsBitget is a cryptocurrency exchange offering spot trading, futures trading, and copy trading services for users worldwide. The platform provides a secure investment solution for crypto trading with regulatory compliance across multiple jurisdictions.

CoinTracker92 shared keywordsCoinTracker is crypto portfolio tracking and tax software that syncs wallets and exchanges to generate IRS-ready tax forms.

CoinGecko85 shared keywordsCoinGecko is the world's largest independent cryptocurrency data aggregator, providing comprehensive market data including price, volume, and market capitalization across thousands of cryptoassets. It serves millions of users globally with tools, research, and APIs for cryptocurrency market analysis and insights.

Luno74 shared keywordsLuno operates a cryptocurrency platform that lets people buy, manage, and sell digital assets through an app, serving individual investors, professional traders, and institutions. The company offers trading tools, market tracking, and support across more than 40 countries.

Companies competing with Blockstream for the same Google search keywords, organic and paid, via search-intersection analysis.

▸Research sources · 1

primary sources listed

Blockstream Centralized infra Seedblockstream.com · web

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Blockstream do?: Blockstream builds Bitcoin and digital asset infrastructure, including wallets, hardware security devices and a Bitcoin layer-2 network.
Who founded Blockstream?: Blockstream was founded by Adam Back, Austin Hill, Erik Svenson in 2014.
Who are Blockstream's investors?: Blockstream's investors include Acequia Capital (AceCap), Blockchain Capital, DCVC (Data Collective), DG Daiwa Ventures, Digital Currency Group, Fulgur Ventures, Future Perfect Ventures, Mosaic Ventures and 2 more.
How much funding has Blockstream raised?: Blockstream has disclosed $15.2M raised across 1 round.
Where is Blockstream headquartered?: Blockstream is headquartered in Montreal, KY.