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Radar · Blockchain Technology in Iceland

Best Blockchain Technology Companies in Iceland

The 41 best Blockchain Technology companies in Iceland in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Taproot Wizards.

41companies tracked
$19.1Mdisclosed funding
0unicorns
5have raised
Sources & further reading
  • Blockchain technology market to reach $1,431.54 billion by 2030
  • Global Blockchain Technology Market to 2028: Players Include Coinbase,
  • NIST Taps Industry for Help in Understanding Emerging Technology Marke
FLIAR INTELLIGENCE · BLOCKCHAIN TECHNOLOGY × ICELAND

Our analysis of 247 Blockchain Technology companies

$15.7b in tracked funding; 95% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.

247companies analysed
95%cloud-native stacks
2024funding peak (by rounds)
20unicorns
2021median founding year

Ranked: Best Blockchain Technology companies in Iceland

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackRecent signals
1Taproot Wizards
Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain
$8M18 mo agoSeries AEric Wall
Co-Founder
2023Node.jsTailwind CSSReact+7—
2Nitro
NFT-based trading platform for digital games
$5M56 mo agoSeries AZaynab Tucker
CEO
2021Node.jsReactGSAP+9—
3ENVELOP
NFT-based network for payment and crypto storage
$2M58 mo agoFunding RaisedAlexander Kuzin
Co-Founder
2020YouTubeReactTwitter Ads+9—
4Imperium Empires
Developer of real-time strategy game based on blockchain technology
$2M55 mo agoSeedLeo Tan
Co-Founder
2021——
5Monerium
Stable coin backed by fiat currency
$2M91 mo agoSeedSveinn Valfells
Co-Founder & CEO
2015JekyllSentryRuby+182 partnerships
6Bamboo Asset Management
Non-custodial platform for individuals, companies, and investors to engage with digital assets
$50K46 mo agoDeadpooledGagan Levy
Co-Founder
2022——
7Africa Blockchain Center
Provider of blockchain development services
—58 mo agoSeedIrene Kiwia
Founder
2021——
8Appitwo
Online investment management platform for cryptocurrencies
——DeadpooledJon Stendahl
CEO
2018——

Top 7 Blockchain Technology companies in Iceland

#1
Series A · Iceland · founded 2023
$7.5Mraised
▾

Platform offering a collection of JPEGs inscribed on the Bitcoin blockchain. Users can explore, buy, sell or invest in the collectibles.

Funding rounds
  • Feb 2025Series A$30M
  • Nov 2023Seed$7.5M
Founders & team
Eric WallCo-FounderUdi WertheimerCo-Founder
Investors
Utxo Management, StarkWare, Standard Crypto, Newman Capital, Masterkey, Geometry Research
Tech stack
CloudflareGoogle AnalyticsHstsNext.JsNode.JsOpen Graph
#2
Series A · Iceland · founded 2021 · 18 employees
$5Mraised
▾

NFT-based trading platform for digital games. It enables users to buy, sell, collect, swap non-fungible tokens, and more. It allows users to sell any NFT vehicle and its parts. It also allows users to join exclusive races and earn rewards at event-based races.

Funding rounds
  • Dec 2021ICO$5.8M
  • Dec 2021Series A$5M
Founders & team
Zaynab TuckerCEO
Investors
Morningstar Ventures, Axia8 Ventures, Yolo Investments, Skyman Ventures, Double Peak, Callisto Capital
#3
Seed · Central and Western, Hong Kong Island · founded 2021
$2.1Mraised
▾

Developer of real-time strategy game based on blockchain technology. The company's Play-To-Earn (P2E) game is based on MMO space metaverse is based on avalanche blockchain technology.

Funding rounds
  • Jan 2022Seed$2.1M
  • Dec 2021ICO$3M
Founders & team
Leo TanCo-Founder
Investors
GBV Capital, Three Arrows Capital, Avalanchefoundation, Avatar, Avalaunch, Paramount Capital Group
#4
Funding Raised · Singapore, Central Region · founded 2020 · 11 employees
$2.5Mraised
▾

NFT-based network for payment and crypto storage. It enables users to create an NFT, wrap it with collateral, and sell. Users can create cases themselves, further expanding the metaverse. It also monitors the market activity from different sources, providing an objective picture of the market in real-time.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 1k LinkedIn followers — 18.4% of this cohort's audience
Funding rounds
  • Oct 2021ICO$2.5M
Founders & team
Alexander KuzinCo-Founder
Investors
Damo Labs, R8 Capital, UVECON
#5
Seed · Reykjavik, Capital Region · founded 2015 · 15 employees
$2Mraised
▾

Stable coin backed by fiat currency. It provides an asset-backed, regulated, and redeemable e-money.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 36.2% of this cohort's audience
Activity: 2 product launches · 2 partnerships (incl. Beap) announced in 12 mo
Founders & team
Sveinn ValfellsCo-Founder & CEOJón EgilssonCo-Founder
Investors
Crowberry Capital, Consensys, Nordic Venture
Tech stack
AosBootstrapCdnjsCloudflareFastlyFont Awesome
#6
Deadpooled · Chicago, Illinois · founded 2022
$49.5Kraised
▾

Non-custodial platform for individuals, companies, and investors to engage with digital assets. It offers an intricate mobile wallet, for creating a global and user-friendly entryway to decentralized finance, NFTs, and the metaverse.

Funding rounds
  • Oct 2022Seed$49.5K
Founders & team
Gagan LevyCo-FounderAdam CarltonCo-Founder & CEOMarc RousavyCo-Founder
#7
Seed · Iceland · founded 2021 · 16 employees
—raised
▾

Provider of blockchain development services

Founders & team
Irene KiwiaFounder
Investors
Next Chymia Consulting, Adanian Labs

Funding & investor landscape

$19.1Mtotal disclosed funding
6companies funded
8disclosed rounds
0rounds last 90 days
Most active investors
Infinity Ventures Crypto2 rounds
SL2 Capital2 rounds
A&T Capital1 rounds
AU21 Capital1 rounds
Adanian Labs1 rounds
Atesis Capital1 rounds
Avalanchefoundation1 rounds
Avalaunch1 rounds
Avatar1 rounds
Axia8 Ventures1 rounds

Notable founders

Eric Wall
Co-Founder · Taproot Wizards
Udi Wertheimer
Co-Founder · Taproot Wizards
Zaynab Tucker
CEO · Nitro
Leo Tan
Co-Founder · Imperium Empires
Alexander Kuzin
Co-Founder · ENVELOP
Sveinn Valfells
Co-Founder & CEO · Monerium
Jón Egilsson
Co-Founder · Monerium
Gagan Levy
Co-Founder · Bamboo Asset Management
Adam Carlton
Co-Founder & CEO · Bamboo Asset Management
Irene Kiwia
Founder · Africa Blockchain Center
Prism market signals · Iceland · country-scoped Prism corpus, 19,676 docs

Market landscape — 10 sub-themes by coverage

Share of Blockchain Technology coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Iceland

How research on Blockchain is moving in Iceland

A read on the academic research around Blockchain — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 14 Iceland-affiliated papers.

top research entities
  • Reykjavík University9
  • Directorate of Health2
  • The Icelandic Physiotherapy Association2
  • Icelandic Heart Association1
leading researchers
Mohammad Hamdaqa · Ilham Qasse · Gísli Hjálmtýsson · Majd Soud · Grischa Liebel · Fjölnir Thrastarson · Edime YUNUSA · Danjuma Eyibo OCHENI
▲ Breakthroughs6 · 43%
0%→0% share
4 median citations83% since 2021mostly methods-led
Breakthroughs are cooling (0%→0% of field), led by Computer security.
rising sub-themes (early→recent)
  • Computer security2
  • Database transaction2
  • Byzantine fault tolerance2
  • Electronic voting1
  • Voting1
Landmark Blockchain-Based E-Voting System · 428 cites
◆ Advancements3 · 21%
0%→0% share
0 median citations100% since 2021mostly empirical
Advancements are cooling (0%→0% of field), led by Computer security.
rising sub-themes (early→recent)
  • Computer security2
  • Transparency (behavior)1
  • Expectancy theory1
  • Unified theory of acceptance and use of technology1
  • Health care1
Landmark Redefining knowledge-generation-driven blockchain for healthcare use: Insights from medical institutions · 5 cites
▼ Concerns3 · 21%
0%→0% share
0 median citations100% since 2021mostly reviews
Concerns are cooling (0%→0% of field), led by Transparency (behavior).
rising sub-themes (early→recent)
  • Transparency (behavior)2
  • Incentive2
  • Accountability2
  • Government (linguistics)2
  • Realm2
RESEARCH HOTSPOTS · Iceland

Where blockchain is researched across Iceland

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Reykjavik11 · +0.55
Hot · Computer securityOpportunity · Smart contract

Common questions

How many Blockchain Technology companies are there in Iceland?
Radar tracks 41 indexable Blockchain Technology companies headquartered in Iceland that meet our profile-completeness bar.
What is the total funding raised by Blockchain Technology companies in Iceland?
The Blockchain Technology companies in Iceland on this list have raised a combined $19.1M in disclosed equity funding across 6 funded companies.
Which is the highest-funded Blockchain Technology company in Iceland?
Taproot Wizards is the highest-funded Blockchain Technology company in Iceland, with $7.5M in disclosed equity funding.
How many Blockchain Technology companies in Iceland are funded?
6 of the 41 Blockchain Technology companies in Iceland on this list have disclosed at least one equity funding round.
How many Blockchain Technology unicorns are there in Iceland?
None of the Blockchain Technology companies in Iceland on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Iceland Blockchain Technology companies?
The most active investors in Iceland Blockchain Technology companies on this list include Infinity Ventures Crypto, SL2 Capital, A&T Capital, AU21 Capital, Adanian Labs.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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