21 Best New Crypto Startups to Look Out for in 2024
The crypto space is more exciting and inventive than ever before, and in this list of best crypto startups to look out for in 2024, we’re shining a spotlight on startups making a real impact with their groundbreaking work.
1. Ledger
Ledger is often counted among the best crypto startups and has been a big name in the crypto hardware wallets industry since its inception in 2014. Founded by Eric Larchevêque, Joel Pobeda, Nicolas Bacca, and Thomas France, Ledger is based in Paris, France. It’s best known for its popular products, the Ledger Nano S and Ledger Nano X, also featured on our best hardware crypto wallets list. These wallets, launched in 2016 and 2019, have quickly become the go-to for secure cryptocurrency storage, selling over 3 million devices by 2021.
2. Aztec
Aztec, founded in 2017 by Zac Williamson and Joe Andrews in London, UK, is quickly gaining recognition as one of the best crypto startups. As a Layer 2 scaling solution for Ethereum, Aztec enables private transactions at lower costs using advanced cryptographic techniques. Their 2020 launch of a privacy protocol was a big deal in the Ethereum community, as it significantly improved transaction privacy, positioning them as an important name in the space.
3. Bitcoin.Tax
Bitcoin.Tax, launched in 2014 by Colin Mackie in the United States, is a big name in the cryptocurrency taxation niche and is one of the best crypto tax tools, if not THE best, out there. As governments around the world tighten rules on digital currencies, crypto tax software solutions have become an essential service. It helps both investors and tax professionals easily calculate and file taxes related to crypto transactions. With more than a million tax calculations already done, Bitcoin.Tax is proving to be an essential tool for crypto investors and traders.
4. Axoni
Axoni, established in 2013 in New York City by Greg Schvey and Jeff Schvey, is making waves as one of the best crypto startups in the financial sector. Their main product, AxCore, is changing how trading and settlement processes work in finance thanks to its advanced distributed ledger technology. A key highlight of Axoni’s journey is its 2018 collaboration with the Depository Trust & Clearing Corporation (DTCC) to transform the $11 trillion credit derivatives market.
5. Matter Labs
Matter Labs, founded in 2018 and based in Berlin, Germany, is making big moves in the Ethereum scalability area. Their groundbreaking technology, zkSync, launched in 2020, tackles Ethereum’s scalability issues head-on. It offers a way to handle smart contracts and keep transaction fees low without compromising on security and decentralization.
6. TRM Labs
TRM Labs, started in 2018 and headquartered in San Francisco, is quickly becoming known as one of the best crypto startups. They specialize in providing Anti-Money Laundering solutions in the crypto industry. Their tools are super useful for banks and law enforcement to spot and look into frauds and scams in the crypto space. As rules around crypto get stricter, TRM Labs is leading the way with its innovative ways of analyzing blockchain data. This makes them a key player for a big market in the future dealing with safety and regulations around crypto.
7. Mysten Labs
Mysten Labs, started in 2021 by a group of former Meta (previously Facebook) engineers, is leading the way in blockchain infrastructure and development. They’re based in Palo Alto and are all about building scalable and secure blockchain protocols. What’s cool about their work is that it makes decentralized networks more efficient and safer. As blockchain tech keeps growing, Mysten Labs is making a name as one of the best crypto startups with its innovative approach to scalability and security solutions.
8. Chainlink Labs
Chainlink Labs, founded in 2017 and based in the Cayman Islands, has quickly become a major player in the blockchain world. They’re known for their decentralized oracle network, which provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. This lets smart contracts safely connect with external data, events, and payments, which is a big deal for making them actually useful.
9. ZetaChain
ZetaChain is a newcomer in the blockchain world, but they’re making waves with their open protocol. This tech makes it possible for different blockchains to interact with each other, which is a big deal because it solves a major problem in the blockchain world – interoperability. What ZetaChain is doing not only makes existing blockchains work better but also opens up new opportunities for cool decentralized apps.
10. Fnality International
Fnality International, founded in 2019 and headquartered in London, is changing the way financial payments work using blockchain. What’s unique about this startup is that it was created by a group of big global banks like UBS, Barclays, and Credit Suisse. Their main goal is to create a digital cash system that uses blockchain to settle transactions in real time, reducing risk and improving efficiency in the banking sector. Fnality International is doing some groundbreaking stuff in the financial blockchain space, making it one of the best crypto startups to look out for in 2024.
11. Archax
Archax, a London-based startup founded in 2018, is opening doors for big-time investors to get into digital assets. They’re all about making a safe and regulated place for trading digital securities, which is a big deal because they’re one of the first to do it with a focus on institutional investors. They’re basically building a bridge between old-school finance and the new world of digital assets while prioritizing a regulatory-first approach.
12. Hiro Systems
Started in 2019, Hiro Systems, a major player in the DeFi space, is one of the best new crypto startups to look out for. They enable people to make smart contracts and apps on the Bitcoin blockchain. This is cool since Bitcoin’s blockchain is super secure and stable, unlike other blockchains. Hiro Systems builds tools that make creating decentralized apps easier for software developers.
13. SolarMente
SolarMente, a startup from Spain founded in 2020, is making waves as one of the best crypto startups by combining renewable energy and blockchain in a unique way. They’re using blockchain to streamline the whole process, from getting the funds to installing and managing solar energy systems. SolarMente is leading the charge in merging green energy with high-tech solutions, making clean energy more available and efficient.
14. BVNK
BVNK is a fintech startup that’s been rising since it started in 2020. They’re based in London, and they offer modern banking and payment solutions. How? They work with both traditional businesses and ones that deal with cryptocurrencies. This means they make it super easy to move money around, even in different currencies, including crypto. BVNK is like a bridge between old-school banking and the new world of digital finance.
15. Sorare
Sorare, founded in 2018 in Paris, France, is one of the most innovative and fun startups in the crypto space. They’ve created a fantasy football platform that’s unlike any other. Sorare uses blockchain to create digital player cards that fans can collect, trade, and use in fantasy football games. It’s a brilliant way to bring together the love of football with the excitement of NFTs (Non-Fungible Tokens), creating a whole new way for fans to enjoy the game.
16. Flowdesk
Flowdesk, a French startup founded in 2020, is shaking things up in the world of cryptocurrency trading and liquidity management. They provide big institutions and companies with the tools and services they need to make trading crypto easier, manage their funds, and reduce the risks that come with it. That is why Flowdesk is quickly becoming a top choice for companies that want to handle the ups and downs of the crypto market with ease.
17. Qredo
Qredo, which started in 2018 and is based in London, is making a name for itself with its groundbreaking work in decentralized digital asset management. They offer a decentralized custody and settlement network, which enables secure, real-time trading and movement of digital assets. This improves security and liquidity and lowers the counterparty risk often associated with digital asset transactions.
18. Sky Mavis
Sky Mavis, founded in 2018 and located in Vietnam, has made a big splash in the blockchain gaming industry. In their game, you can collect, breed, raise, and battle fantasy creatures, and each of these creatures is like an NFT that you can trade on the blockchain. Sky Mavis is a game-changer in the growing space of play-to-earn crypto games.
19. Helium
Helium, founded in 2013 and located in the United States, has made a name for itself as one of the best crypto startups by combining blockchain with the Internet of Things (IoT). They’ve built a network that lets devices wirelessly connect to the internet and send data through a bunch of nodes. These nodes are like Hotspots, a mix of a wireless gateway and a mining device. People who run these nodes get rewarded in Helium’s native cryptocurrency, which encourages more people to join the network and makes a whole new way of setting up wireless connections. Helium is leading the way in wireless infrastructure.
20. Aptos Labs
Aptos Labs was founded by former Meta (previously Facebook) employees who worked on the Diem blockchain project. Based in the United States, Aptos Labs is focused on creating a scalable, secure, and sustainable blockchain. Their goal is to make a blockchain with various use cases in banking, games, and social media, with a strong emphasis on both user experience and developer-friendliness.
21. Demand.io
Demand.io is changing the game in decentralized commerce by making the relationship between consumers and brands more direct and rewarding using blockchain tech. They offer a suite of tools that help brands create loyalty programs, offer rewards, and connect with customers in exciting new and direct ways.
Final Thoughts
These startups embody the innovative nature of blockchain tech. They’re leading the way in transforming gaming, IoT networks, DeFi, commerce, and blockchain infrastructure. As the crypto and blockchain world keeps changing, these startups are ready to make a significant impact in their fields.