What are the encryption companies in Forbes' 2025 Fintech 50?

In 2024, cryptocurrency finally enters the mainstream. More than a dozen BTCSpot exchange-traded index funds (ETFs) were approved, institutional capital poured in, and the market originally dominated by retail investors gained wider recognition on Wall Street. Subsequently, Donald Trump won the election, and the price of encryption assets soared further, and it was expected that Trump's administration would usher in a golden age of cryptocurrency. By December, the BTC price had crossed the $100,000 mark. This article is based on an article written by Nina Bambysheva at Forbes and compiled, compiled and contributed by Foresight News. (Synopsis: CEO of Galaxy Digital: There will be a "crypto world company listing wave" in May-June this year!) BTC will enter US government reserves within half a year) (Background addition: Micro strategy intends to issue another $2 billion of corporate bonds to increase BTC, but corporate tax risks are increasing) Trump's early pro-cryptocurrency stance was clear, exemplified by key appointments and decrees: venture capitalist David Sacks was named czar for artificial intelligence and cryptocurrency, and Scott Bessent headed the Treasury Department. Paul Atkins, a former U.S. Securities and Exchange Commission (SEC), has been nominated to lead the regulator. Trump also signed an executive order called "Strengthening U.S. Leadership in Digital Financial Technology," which includes a call for an assessment of the National Digital Asset Reserve, among other initiatives. In this environment, companies such as Figure, Securitize, and Fireblocks have thrived, following some of the most prominent trends in the industry. Take tokenization real-world assets (RWA), a concept that has evolved from a buzzword to a multibillion-dollar industry. A prime example is Figure Co., co-founded by former SoFi CEO Mike Cagney, which has applied Block chain technology to traditional lending and has tokenized more than $13 billion in home equity credit lines. Meanwhile, Securitize partnered with BlackRock to launch BUIDL, a tokenization U.S. Treasury product that has attracted $640 million in investment. Then there's Fireblocks, a leader in encryption infrastructure, which has secured more than $6 trillion in digital asset transactions. It recently launched a state-regulated custody platform as well as AI-powered transaction optimization tools designed to meet the rising needs of institutional clients. Here are three encryption companies named to the 2025 Fintech 50: Figure Headquarters: New York City, NY Figure Corporation, co-founded by former SoFi CEO Mike Cagney, uses technology to speed up the application process for home equity lines of credit. It also has a custom Block chain platform that tokenizes (i.e., securitizes) home equity lines of credit and sells them through its own private credit market to yield-hungry investors. In 2024, Figure Company's revenue rose more than 50% from $196 million in 2023 to $321 million, with a gross margin of 55%. About 70% of its 150,000 customers come from more than 200 fintech and mortgage banking partners, including real estate platforms such as RATE (formerly Guaranteed Rate) and Credit Karma. In April 2024, former Brex executive Michael Tannenbaum became CEO and Cagney served as Executive Chairman. Funding: $500 million from companies such as Apoll, Morgan Creek and Ribbit Latest valuation: $3.2 billion Last valuation date: May 2021 Highlights: Its software has been used to launch more than $13 billion in home equity lines of credit Co-founder: Executive Chairman Mike Cagney, 53; June Ou, 59, former president, now a consultant CEO: Michael Tannenbaum, previously Chief Revenue Officer at SoFi and Chief Operating Officer at Brex, joined Figure Fireblocks Headquarters: New York City, New York City Fireblocks' software helps investors as well as Worldpay, Revolut, Institutions such as BNP Paribas and Bank of New York Mellon hold cryptocurrencies safely. Despite generating $1.24 million in revenue in 2024, the company is still not profitable and is investing heavily in new projects to support encryption asset activity for entities ranging from banks to start-ups. Key products launched over the past year include a New York State-regulated limited purpose trust company designed to provide bank-grade custody services to clients, and an artificial intelligence tool to help clients respond more flexibly to market changes in their trading activities. Funding: $1 billion in funding from companies including Spark Capital, Cyberstarts and Coatue Latest valuation: $8 billion Last valuation date: January 2022 Highlights: Its infrastructure has supported more than $6 trillion in transactions since its inception Co-founder: CEO Michael Shaulov, 42, previously founded cybersecurity startup Lacoon Mobile Security; Chief Technology Officer Pavel Berengoltz, 48; Chief Product Officer Idan Ofrat, 43 years old Securitize Headquarters: Miami, Florida Securitize transfers real-world assets such as Treasury bonds or private sale equity to Blockon-chain, making it easy for investors to buy and sell. Securitize's flagship product is BUIDL, a tokenization treasury bond product launched in March 2024 in partnership with BlackRock. BUIDL currently holds $640 million in assets. Financing: $170 million in funding from companies including BlackRock, Blockchain Capital and Morgan Stanley Latest valuation: $479 million Last Valuation Date: July 2022 Highlights: Has partnered with partners including BlackRock, Hamilton Lane and KKR to total more than $1 billion in assets tokenization Co-founders: CEO Carlos Domingo, 54; President Jamie Finn, 47 years old Related reports American real estate company Propy allows "mortgage BTC, ETH" loans to buy houses, and the price of the currency can be used to repay Europe's largest power company ENEL will buy "solar panel tokenization" to buy coins to offset electricity bills, RWA new application HuLeZhi spends 500ETH to issue a "distress warning": investment companies use brain-computer interfaces to control employees 〈 What are the encryption companies in Forbes' 2025 Fintech 50? This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".