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Alternative Assets  + Crypto  + Crypto  + Markets  |  December 6, 2024
Blockchain Unicorns Represent 17% of Global Unicorn Companies 
By: Joe Palmisano

Blockchain Unicorns Represent 17% of Global Unicorn Companies 

Blockchain enterprises and tokenized crypto project unicorns now account for over 17% of the world’s 1,407 unicorn companies, totaling 237, according to a new report by alternative investment firm Blockchain Coinvestors.  

There are currently 111 enterprise unicorns, 126 crypto project unicorns and a total of 29 publicly traded blockchain companies, according to the blockchain investor’s bi-annual Meet the Blockchain Unicorns report. 

North America has the most blockchain enterprise unicorns at 62, followed by Asia, and Europe, with 17 and 16, respectively. Central America has six and Africa and the Middle East each have three. 

“Blockchain adoption and utility is now at an inflection point,” said Matthew Le Merle, managing partner at Blockchain Coinvestors. “With nearly one in five unicorns globally leveraging blockchain technology, we are witnessing the digitalization of value at a scale never seen before.” 

Blockchain Coinvestors uses proprietary data sources including its portfolio database tracking its blockchain venture fund-of-funds to track emerging unicorns. In addition, secondary market trading and private rounds are also considered in creating the list. For crypto project valuations, the firm uses the latest data from CoinStats. 

The firm has invested in more than 40 pure play blockchain venture capital funds in the Americas, Asia, and Europe and in a combined portfolio of over 1,250 blockchain companies and projects including 110 blockchain unicorns. 

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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