Radar · Blockchain Technology in Toronto
Best Blockchain Technology Companies in Toronto, Canada
The 264 best Blockchain Technology companies in Toronto, Canada in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Wealthsimple.
By Rohit KhannaTrends & Stories
264companies tracked
$2.9Bdisclosed funding
3unicorns
70have raised
FLIAR INTELLIGENCE · BLOCKCHAIN TECHNOLOGY × TORONTO
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
787kcombined LinkedIn audience
78%of audience held by top 3
2companies hiring publicly (12 mo)
Ranked: Best Blockchain Technology companies in Toronto
| # | Company | Disclosed funding | Last round | Stage | Employees | Founder | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Wealthsimple 🦄 Provider of financial services including investing, trading, saving, and borrowing 76Tech top 9%Funding top 13%Moat top 32%Talent top 38% All 12 signals ▾Techtop 9% Fundingtop 13% Moattop 32% Talenttop 38% Producttop 41% Newstop 42% Customerstop 42% Markettop 43% Growthtop 43% Globaltop 45% Innovationtop 46% Patentsbottom 31% Tech: 92 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses Funding: Raised $901M across 9 rounds · 9 rounds over 12 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 76/100 | $901M | 7 mo ago | Series F | 29 | Michael Katchen Co-Founder & CEO | ContentfulSentryZendesk+34 | 4 patents Financial transaction data processing and real-time notification infrastructure for fintech platforms | 2 launchs · 1 partnership |
| 2 | Bitfarms Cloud mining solutions for cryptocurrency 76Funding top 12%Growth top 35%Tech top 36%Talent top 37% All 8 signals ▾Fundingtop 12% Growthtop 35% Techtop 36% Talenttop 37% Newstop 39% Markettop 41% Globaltop 46% Moattop 48% Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 76/100 | $855M | 7 mo ago | Public | 140 | Bonta Nicolas Founder & Chairman at Bitfarms | DrupalApple iCloud MailMicrosoft 365+31 | — | — |
| 3 | Figment 🦄 Online platform for the staking solution 76Funding top 20%Moat top 26%Talent top 28%Tech top 34% All 8 signals ▾Fundingtop 20% Moattop 26% Talenttop 28% Techtop 34% Growthtop 37% Markettop 39% Globalbottom 48% Newsbottom 42% Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 76/100 | $165M | 8 mo ago | Series C | 120 | Ryan Funduk Co-Founder | WordPress Block EditorElementorWordPress+44 | — | 1 partnership · 1 award |
| 4 | Hut 8 Mining Digital asset mining and performance computing solutions for individuals | $116M | 53 mo ago | Public | 71 | Jaime Leverton Chief Executive Officer | — | — | 1 expansion |
| 5 | Ledn Blockchain-based & crypto-backed lending platform 57Funding top 25%Moat top 28%Tech top 29%Growth top 35% All 9 signals ▾Fundingtop 25% Moattop 28% Techtop 29% Growthtop 35% Producttop 46% Newsbottom 46% Marketbottom 42% Customersbottom 40% Globalbottom 38% Funding: Raised $104M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) Moat: Editorial + unicorn rating 8/10 · Soonicorn rank vs industry peers · Fliar Intelligence Index 57/100 | $104M | 7 mo ago | Series B | 54 | — | SentryZendeskApple iCloud Mail+31 | — | — |
| 6 | Polymath Platform to issue securities on blockchain | $98M | 57 mo ago | Funding Raised | 42 | Trevor Koverko Co-Founder & CEO | WebflowAmazon Web Servicescore-js+24 | — | 2 launchs |
| 7 | Coinsquare Cryptocurrency trading platform | $95M | 60 mo ago | Series C | 103 | Virgile Rostand Founder & President | WebflowApple iCloud MailSalesforce+17 | — | 1 partnership |
| 8 | Fuel Labs Blockchain scaling and development solutions | $82M | 45 mo ago | Series A | 43 | Nick Dodson Co-Founder & CEO | Node.jsRechartsRadix UI+20 | — | — |
| 9 | Axelar 🦄 Online platform for cross-chain communication for web3 62Funding top 26%Moat top 26%Growth top 35%Talent top 38% All 7 signals ▾Fundingtop 26% Moattop 26% Growthtop 35% Talenttop 38% Markettop 47% Techtop 50% Globalbottom 38% Funding: Raised $63.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) Moat: Editorial + unicorn rating 9/10 · Unicorn rank vs industry peers · Fliar Intelligence Index 62/100 | $64M | 15 mo ago | Series B | 50 | Georgios Vlachos Co-Founder | WebflowRiveGSAP+19 | — | — |
| 10 | CryptoStar Hardware-based cryptocurrency mining solutions 40Funding top 24%Talent bottom 49%News bottom 36%Global bottom 29% All 4 signals ▾Fundingtop 24% Talentbottom 49% Newsbottom 36% Globalbottom 29% Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 40/100 | $46M | 5 mo ago | Public | — | David Jellins CEO | — | — | — |
| 11 | Tokens.com Blockchain-based technology focused on transaction processing and validation services for various digital… | $25M | 55 mo ago | Public | 4 | Lorne Sugarman President | Framer SitesReactLenis+5 | — | 1 launch |
| 12 | The Open Application Network Cross-platform application development solutions provider | $22M | 104 mo ago | Seed | 14 | — | — | — | — |
| 13 | Hyperblock Crypto mining facilities | $22M | 99 mo ago | Deadpooled | — | Sean Walsh Founder & CEO | — | — | — |
| 14 | APX Lending Digital platform offering cryptocurrency loans 37Growth top 35%Tech top 36%Funding top 48%Talent bottom 49% All 8 signals ▾Growthtop 35% Techtop 36% Fundingtop 48% Talentbottom 49% Innovationbottom 47% Productbottom 47% Globalbottom 32% Marketbottom 22% Growth: Fresh capital in last 24 mo Tech: 35 technologies across 5/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 37/100 | $20M | 13 mo ago | Seed | — | Andrei Poliakov Founder & CEO | WebflowCart FunctionalityBootstrap+23 | — | — |
| 15 | Newton Cryptocurrency exchange platform | $20M | 52 mo ago | Series B | 60 | Dustin Walper CEO | WebflowApple iCloud MailGoogle Workspace+26 | 8 patents Construction methods for parking structures and bridge replacement/rehabilitation. | — |
| 16 | ChainSafe Provider design services of blockchain technology solutions for the decentralized web | $19M | 44 mo ago | Series A | 112 | Priom Chowdhury Co-Founder & CPO | GhostNode.jsMathJax+17 | — | 2 launchs |
| 17 | Ethereum Blockchain-based public network for decentralized applications | $18M | 55 mo ago | Series B | 1 | — | TurbopackSentryNode.js+17 | — | — |
| 18 | STK token Token for cryptocurrency payment at POS | $17M | 101 mo ago | Deadpooled | — | Miro Pavletic Co-Founder & CEO | — | — | — |
| 19 | Mogul Productions Crowdfunding platform focused on film productions 8Funding top 50%Talent bottom 49%Global bottom 38%Market bottom 15% All 4 signals ▾Fundingtop 50% Talentbottom 49% Globalbottom 38% Marketbottom 15% Funding: Raised $15.2M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 8/100 | $15M | 23 mo ago | Funding Raised | 12 | Michael Colley Owner & CEO | — | — | — |
| 20 | OneLedger Cross-chain protocol | $15M | 95 mo ago | Seed | 9 | David Cao Founder & CEO | — | — | — |
| 21 | Blockchain Foundry Blockchain-based solutions and services provider | $13M | 63 mo ago | Late Stage | 9 | — | — | — | — |
| 22 | Helika Provider of web3 behavioral analytics platform | $13M | 28 mo ago | Series A | 29 | Artem Germanov Co-Founder & CTO | WordPressMySQLPHP+19 | — | — |
| 23 | Biconomy App-based platform for the exchange of cryptocurrencies | $12M | 54 mo ago | Funding Raised | — | Dmitriy Sheludko CEO | SentryZendeskNode.js+14 | — | — |
| 24 | Treasureland Online marketplace focused on crypto collectible cards | $11M | 37 mo ago | Seed | 6 | — | — | — | — |
| 25 | Layer2 Financial Platform offering crypto banking-as-a-service | $10M | 26 mo ago | Series A | 14 | Tarun Mistry Co-Founder | Apple iCloud MailRubyRuby on Rails+11 | — | — |
| 26 | Stadium Live Studios Developer of a metaverse-based social network platform for sports fans | $10M | 46 mo ago | Series A | 28 | — | WebflowGSAPSlick+8 | — | — |
| 27 | WondrGaming Blockchain-based development platform for non-fungible tokens | $10M | 51 mo ago | Deadpooled | 4 | — | — | — | — |
| 28 | SX Network Provider of block chain development services | $10M | 27 mo ago | Series B | — | Andrew Young Co-Founder | Node.jsReactNext.js+10 | 8 patents Patents concentrated in computing, sensing & instrumentation | — |
| 29 | Integral Platform offering software tools for financial management to crypto businesses | $8M | 27 mo ago | Seed | 24 | Gui Laliberte Founder & CEO | — | — | — |
| 30 | VirgoCX Cryptocurrency exchange platform | $8M | 32 mo ago | Series A | 43 | Adam Cai CEO | Node.jsTailwind CSSAnt Design+17 | — | — |
| 31 | Prophecy DeFi Provider of bloackchain development services for investment firms | $8M | 55 mo ago | Public | — | John McMahon CEO | — | — | — |
| 32 | ePIC Blockchain Hardware-based mining infrastructure for cryptocurrencies | $8M | 62 mo ago | Series A | 17 | Earl Mai Co-Founder & CTO | WordPressMySQLPHP+25 | 4 patents Efficient hardware designs for memory‑intensive ASIC‑resistant cryptographic algorithms | — |
| 33 | Bluefin Decentralized digital asset trading platform | $6M | 61 mo ago | Seed | 42 | Wilson Kwan Co-Founder & Managing Director | SentryTypeScriptGraphQL+23 | — | — |
| 34 | Rails Online platform for cryptocurrency derivatives trading | $6M | 29 mo ago | Series A | — | Rick Marini Co-Founder | SentryZendeskGoogle Sign-in+13 | — | — |
| 35 | Informal Systems Blockchain-based network and tools for the interchain | $5M | 36 mo ago | Series A | 57 | Ethan Buchman Chief Executive Officer | TurbopackNode.jsTailwind CSS+13 | — | — |
| 36 | Alkemi Decentralized liquidity network providing compliant DeFi solutions | $5M | 61 mo ago | Series A | 14 | Ben Cooper Co-Founder | — | — | — |
| 37 | SDM Provider of digital asset liquidity and settlement solutions for institutions | $4M | 56 mo ago | Series A | 46 | Mostafa Al-Mashita Cofounder. Director | Webflowcore-jsjQuery+12 | — | — |
| 38 | Cybrid Provider of API infrastructure for stablecoin payments, compliance, and treasury 50Growth top 20%Talent top 28%Tech top 44%News top 44% All 10 signals ▾Growthtop 20% Talenttop 28% Techtop 44% Newstop 44% Fundingbottom 49% Innovationbottom 45% Productbottom 45% Moatbottom 38% Globalbottom 32% Marketbottom 30% Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo Talent: 4 named leaders on record · 4 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 50/100 | $4M | 7 mo ago | Series A | 13 | Ali Irshad Co-Founder & Head of Sales & Partnerships | WebflowThree.jsGSAP+24 | — | — |
| 39 | Noble Online platform offering blockchain infrastructure solutions | $3M | 31 mo ago | Seed | — | — | — | — | — |
| 40 | StableCorp Decentralized stable coin used for enabling B2B payments 13Funding top 48%Moat top 48%Talent bottom 49%News bottom 42% All 7 signals ▾Fundingtop 48% Moattop 48% Talentbottom 49% Newsbottom 42% Techbottom 39% Globalbottom 39% Marketbottom 21% Funding: Raised $3.1M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) Moat: Editorial + unicorn rating 5/10 · 9 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 13/100 | $3M | 8 mo ago | Series A | 10 | Alex McDougall President & CEO | Framer SitesReactAmazon Web Services+6 | — | 1 partnership |
| 41 | Graph Blockchain Blockchain solutions provider | $3M | 29 mo ago | Public | 7 | — | — | 4 patents Private blockchain control and management systems for consensus and security | — |
| 42 | Kylin A cross-chain platform for Oracle network | $3M | 51 mo ago | Seed | 13 | — | — | — | — |
| 43 | Fairblock Blockchain infrastructure builder using applied cryptography | $2M | 32 mo ago | Seed | 4 | Bowen You Co-Founder | Tailwind CSSReactReact Router+6 | — | — |
| 44 | FRNT Financial Digital asset trading solutions 42Product top 14%News top 18%Innovation top 23%Growth top 23% All 9 signals ▾Producttop 14% Newstop 18% Innovationtop 23% Growthtop 23% Talentbottom 49% Fundingbottom 42% Techbottom 37% Globalbottom 25% Marketbottom 19% Product: 9 distinct product lines · Company stage: Public News: 9 BI events in 12 mo (of 24 tracked, 9 types) · 1 high-value events (IPO/M&A/funding/contracts) in 12 mo rank vs industry peers · Fliar Intelligence Index 42/100 | $2M | 12 mo ago | Public | 12 | Stéphane Ouellette CEO & Co-Founder | WebflowAmazon Web ServicesSwiper+10 | — | — |
| 45 | DeFi.Gold Decentralized exchange and non-fungible token marketplace | $2M | 21 mo ago | Seed | — | Mona Coyle CEO | — | — | — |
| 46 | Tholos Platform offering a crypto wallet | $2M | 40 mo ago | Seed | 6 | — | Tailwind CSSAstroPriority Hints+5 | — | — |
| 47 | SATO Technologies Corp Online platform for Bitcoin mining 22Funding top 35%News top 46%Growth top 48%Tech bottom 45% All 6 signals ▾Fundingtop 35% Newstop 46% Growthtop 48% Techbottom 45% Globalbottom 36% Marketbottom 14% Funding: Raised $1.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) News: 7 BI events in 12 mo (of 28 tracked, 5 types) · -36% YoY rank vs industry peers · Fliar Intelligence Index 22/100 | $1M | 3 mo ago | Late Stage | 13 | — | Node.jsThree.jsTailwind CSS+11 | — | — |
| 48 | Blockstation Enabler of Decentralized trading ecosystem | $200K | 20 mo ago | Seed | — | Jai Waterman Co-Founder & CTO | — | — | — |
| 49 | Medical Veda Provides AI and blockchain based health portal to patients and clinics for transaction | $124K | 23 mo ago | Funding Raised | — | Amir Neghabian Founder | — | — | — |
| 50 | Torram Decentralized oracle network for TradeFi and DeFi | $100K | 18 mo ago | Seed | — | Pranav Jyoti Co-Founder & CRCO | WordPressMySQLPHP+28 | — | 1 launch |
Top 12 Blockchain Technology companies in Toronto
#1
Series F · Toronto, Ontario · founded 2014 · 29 employees$901.3Mraised▾
Series F · Toronto, Ontario · founded 2014 · 29 employees
Provider of financial services including investing, trading, saving, and borrowing. The company offers chequing accounts, credit cards, and savings accounts. It provides self-directed investing in stocks, ETFs, options, margin, gold, and crypto. Wealth management services include portfolios, direct indexing, and income portfolios. Mortgages and tax filing services are also available.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Tech
top 9%Funding
top 13%Moat
top 32%Talent
top 38%Product
top 41%News
top 42%Tech: 92 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses · Devops: Envoy, Varnish
Funding: Raised $901M across 9 rounds · 9 rounds over 12 yrs (0.8/yr) · Last round Series F (Oct 2025)
Moat: Editorial + unicorn rating 9/10 · IP moat: 4 patents · Unicorn
Audience (LinkedIn): 284k LinkedIn followers — 36.2% of this cohort's audience · 121 engagements/post (9.1× cohort median)
Activity (LinkedIn): 2 product launches · 1 partnerships (incl. Visa) announced in 12 mo
Funding rounds
- Oct 2025Series F$392.9M
- May 2021Series F$610M
- Oct 2020Series E$86.8M
- May 2019Series D$75M
Founders & team
Investors
Power financial, Meritech, Greylock Partners, Dragoneer Investment Group, DST Global, Sagard
Tech stack
Alpine.JsAmazon CloudfrontAmazon Web ServicesApolloApple Icloud MailAtlassian Statuspage
#2
Public · Toronto, Ontario · founded 2017 · 140 employees$855.5Mraised▾
Public · Toronto, Ontario · founded 2017 · 140 employees
Cloud mining solutions for cryptocurrency. It features a blockchain infrastructure for operating computing centers, processing bitcoins through mining networks, and earning fees for the processing of transactions. It provides hosting, in-house management, and support services for miners.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 12%Growth
top 35%Tech
top 36%Talent
top 37%News
top 39%Market
top 41%Funding: Raised $855M across 8 rounds · 8 rounds over 7 yrs (1.1/yr) · Last round Post IPO (Oct 2025)
Growth: 11 acquisition/expansion moves in 24 mo · Fresh capital in last 24 mo
Tech: 61 technologies across 4/8 capability areas · Cloud: Akamai, Amazon Web Services · Devops: Varnish
Audience (LinkedIn): 17k LinkedIn followers — 2.1% of this cohort's audience
Activity (LinkedIn): 1 expansions announced in 12 mo
Funding rounds
- Oct 2025Post IPO$588M
- Nov 2023Post IPO$43.8M
- May 2021Post IPO$62.3M
- Feb 2021Post IPO$69.5M
Founders & team
Investors
Dominion Capital, Sadis, Vermögensclub
#3
Figment 🦄Series C · Toronto, Ontario · founded 2018 · 120 employees$165Mraised▾
Figment 🦄
Series C · Toronto, Ontario · founded 2018 · 120 employees
Online platform for the staking solution. The company offers staking solutions including rewards optimization, rapid API development, rewards reporting, partner integrations, governance, liquid staking, and more.
Fliar Intelligence Index™ 76how this company ranks against its industry peers
Funding
top 20%Moat
top 26%Talent
top 28%Tech
top 34%Growth
top 37%Market
top 39%Funding: Raised $165M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series C (Oct 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Audience (LinkedIn): 30k LinkedIn followers — 3.8% of this cohort's audience
Activity (LinkedIn): 1 partnerships · 1 awards (incl. Curvegrid) announced in 12 mo
Funding rounds
- Oct 2025Series C—
- Dec 2021Series C$110M
- Aug 2021Series B$50M
- Oct 2020Series A$2.5M
Founders & team
Investors
Liberty City Ventures, Senator Investment Group, GSR Ventures, Hard Yaka, Galaxy, Declaration Partners
Tech stack
Amazon Web ServicesApple Icloud MailCloudflareCloudflare Bot ManagementCookieyesCore-Js
#4
Series B · Toronto, Ontario · founded 2018 · 54 employees$104.2Mraised▾
Series B · Toronto, Ontario · founded 2018 · 54 employees
Ledn is a blockchain-based &crypto-backed lending platform. Offers loans secured by Bitcoin. Provides a segregated wallet address allowing for real-time proof of reserves on-chain. Allows users to repay the loan in Dollars and Bitcoin. Uses the Coindesk Bitcoin price index to determine loan-to-value ratios for Ledn loans.
Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 25%Moat
top 28%Tech
top 29%Growth
top 35%Product
top 46%News
bottom 46%Funding: Raised $104M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series B (Nov 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 4 curated direct competitors tracked
Tech: 44 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Envoy
Audience (LinkedIn): 29k LinkedIn followers — 3.6% of this cohort's audience
Funding rounds
- Nov 2025Series B—
- Aug 2024Conventional Debt$50M
- Dec 2021Series B$70M
- May 2021Series A$30M
Investors
Sygnum, 10T, GoldenTree, Raptor Group, FJ Labs, White Star Capital
Tech stack
Amazon CloudfrontAmazon S3Amazon SesAmazon Web ServicesApple Icloud MailBootstrap
#5
Public · Toronto, Ontario · founded 2017$46.2Mraised▾
Public · Toronto, Ontario · founded 2017
Hardware-based cryptocurrency mining solutions. It also provides blockchain-based data centres. It also provides tools to consumers for choosing the right cryptocurrencies to invest in.
Fliar Intelligence Index™ 40how this company ranks against its industry peers
Funding
top 24%Talent
bottom 49%News
bottom 36%Global
bottom 29%Funding: Raised $46.2M across 9 rounds · 9 rounds over 7 yrs (1.3/yr) · Last round Post IPO (Jan 2026)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
News: 0 BI events in 12 mo (of 25 tracked, 8 types)
Funding rounds
- Jan 2026Post IPO$1.6M
- Feb 2024Post IPO—
- Mar 2021Post IPO$20.4M
- Feb 2021Post IPO$2M
Founders & team
Investors
T M X, EMD Financial
#6
Axelar 🦄Series B · Toronto, Ontario · founded 2020 · 50 employees$63.8Mraised▾
Axelar 🦄
Series B · Toronto, Ontario · founded 2020 · 50 employees
Online platform for cross-chain communication for web3. It offers solutions for integrating decentralized applications into blockchain networks. It allows developers to host apps, move assets, communicate with applications on other chains using the Axelar API, and more.
Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 26%Moat
top 26%Growth
top 35%Talent
top 38%Market
top 47%Tech
top 50%Funding: Raised $63.8M across 5 rounds · 5 rounds over 6 yrs (0.8/yr) · Last round Series B (Mar 2025)
Moat: Editorial + unicorn rating 9/10 · Unicorn · 9 curated direct competitors tracked
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 13k LinkedIn followers
Funding rounds
- Mar 2025Series B$30M
- Sep 2022ICO$50.1M
- Feb 2022Series B$35M
- Nov 2021Series A—
Founders & team
Investors
CRYPTO, Morningstar Ventures, Informal Systems, Zero Knowledge Validator, Scytale Digital, Polychain
Tech stack
CloudflareCloudflare Bot ManagementCookie ScriptGoogle AnalyticsGoogle Font ApiGoogle Hosted Libraries
#7
Late Stage · Toronto, Ontario · founded 2017 · 13 employees$1Mraised▾
Late Stage · Toronto, Ontario · founded 2017 · 13 employees
Online platform for Bitcoin mining
Fliar Intelligence Index™ 22how this company ranks against its industry peers
Funding
top 35%News
top 46%Growth
top 48%Tech
bottom 45%Global
bottom 36%Market
bottom 14%Funding: Raised $1.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Post IPO (Mar 2026)
News: 7 BI events in 12 mo (of 28 tracked, 5 types) · -36% YoY · Top themes: Announcements, Earnings
Growth: Fresh capital in last 24 mo
Audience (LinkedIn): 900 LinkedIn followers
Funding rounds
- Mar 2026Post IPO$1M
Investors
FJ Labs, Brinc
#8
Seed · Toronto, Ontario · founded 2023$20Mraised▾
Seed · Toronto, Ontario · founded 2023
APX Lending is a secure crypto-backed lending platform that provides loans using Bitcoin and Ethereum as collateral. We are the only crypto-backed lender in Canada with CSA exemptive relief, and we operate with full FINTRAC and FinCEN registration. Collateral is held with BitGo in insured, segregated cold-storage wallets, visible on-chain to every borrower. APX does not reinvest or rehypothecate collateral. Our loans feature flexible terms, competitive rates, and simple cost structures with no origination or management fees. APX serves individuals, businesses, OTC desks, and crypto-native firms across Canada and more than 30 US states.
Fliar Intelligence Index™ 37how this company ranks against its industry peers
Growth
top 35%Tech
top 36%Funding
top 48%Talent
bottom 49%Innovation
bottom 47%Product
bottom 47%Growth: Fresh capital in last 24 mo
Tech: 35 technologies across 5/8 capability areas · Cloud: Cloudflare · Observability: Microsoft Clarity
Funding: Raised $20.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Seed (May 2025)
Audience (LinkedIn): 549 LinkedIn followers
Funding rounds
- May 2025Seed—
- Apr 2025Conventional Debt$20M
Founders & team
Investors
CHP, BIGG Digital Assets
Tech stack
BootstrapCart FunctionalityCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCore-Js
#9
Series A · Toronto, Ontario · founded 2021 · 13 employees$3.8Mraised▾
Series A · Toronto, Ontario · founded 2021 · 13 employees
Provider of API infrastructure for stablecoin payments, compliance, and treasury. The platform facilitates movement between stablecoins and fiat currencies. It offers tools for KYC/AML verification, liquidity access, settlement, and custody management. The infrastructure supports cross-border remittance, B2B payments, and banking solutions through accounts and payment orchestration.
Fliar Intelligence Index™ 50how this company ranks against its industry peers
Growth
top 20%Talent
top 28%Tech
top 44%News
top 44%Funding
bottom 49%Innovation
bottom 45%Growth: Web rank 10,000,000 → 1,000,000 YoY · Fresh capital in last 24 mo
Talent: 4 named leaders on record · 4 C-suite/founder profiles curated
Tech: 34 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Observability: Microsoft Clarity, Sentry
Audience (LinkedIn): 4k LinkedIn followers
Funding rounds
- Oct 2025Series A$10M
- Apr 2022Seed$3.8M
Founders & team
Investors
Golden Ventures, Luge Capital, Harvest Builders, BDC, Panache Ventures
Tech stack
Amazon Web ServicesCdnjsCloudflareCloudflare Bot ManagementCore-JsGoogle Analytics
#10
Series A · Toronto, Ontario · founded 2019 · 10 employees$3.1Mraised▾
Series A · Toronto, Ontario · founded 2019 · 10 employees
Decentralized stable coin used for enabling B2B payments. The coin is pegged to the Canadian dollar enables instant B2B transactions for various domestic & international purposes. Provides KYC and AML compliant authentication solutions to restrict access to these transactions. Also, it offers exchange solutions to convert to Canadian dollars.
Fliar Intelligence Index™ 13how this company ranks against its industry peers
Funding
top 48%Moat
top 48%Talent
bottom 49%News
bottom 42%Tech
bottom 39%Global
bottom 39%Funding: Raised $3.1M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) · Last round Series A (Sep 2025)
Moat: Editorial + unicorn rating 5/10 · 9 curated direct competitors tracked
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 3k LinkedIn followers
Activity (LinkedIn): 1 partnerships (incl. StableFX) announced in 12 mo
Funding rounds
- Sep 2025Series A$3.6M
- May 2025Seed$1.8M
- Apr 2022Seed$1.5M
- Feb 2021Seed$1.6M
Founders & team
Investors
VersaBank, Borderless Capital, 3iQ, Mavennet, Genesis, Stellar
Tech stack
Amazon Web ServicesFramer SitesGoogle Font ApiHstsHttp/3Microsoft 365
#11
Public · Toronto, Ontario · founded 2018 · 12 employees$2.4Mraised▾
Public · Toronto, Ontario · founded 2018 · 12 employees
FRNT Financial provides digital asset trading solutions. It offers a cryptocurrency trading & exchange platform for institutional and accredited investors. It offers automated white-labeled trading, real-time market data, research, and analytics.
Fliar Intelligence Index™ 42how this company ranks against its industry peers
Product
top 14%News
top 18%Innovation
top 23%Growth
top 23%Talent
bottom 49%Funding
bottom 42%Product: 9 distinct product lines · Company stage: Public
News: 9 BI events in 12 mo (of 24 tracked, 9 types) · 1 high-value events (IPO/M&A/funding/contracts) in 12 mo · Top themes: Board, Leadership, Acquisition
Innovation: 9 product lines · Deep-tech classification: Blockchain
Audience (LinkedIn): 1k LinkedIn followers
Funding rounds
- Jun 2025Post IPO$1.5M
- May 2024Post IPO$910.7K
- Jun 2019Seed—
Founders & team
Investors
Calvin Ayre
Tech stack
WebflowJqueryGoogle Hosted LibrariesGoogle AnalyticsUnpkgGoogle Font Api
#12
Funding Raised · Toronto, Ontario · founded 2019 · 12 employees$15.2Mraised▾
Funding Raised · Toronto, Ontario · founded 2019 · 12 employees
Moghul Productions is a crowdfunding platform focused on film productions. It is based on blockchain technology to connect investors and film owners. Allows users to raise finances and capital for managing cash flows of movie budgets, fans, and investors. Users can avail rewards and perks for the investments made.
Fliar Intelligence Index™ 8how this company ranks against its industry peers
Funding
top 50%Talent
bottom 49%Global
bottom 38%Market
bottom 15%Funding: Raised $15.2M across 2 rounds · 2 rounds over 5 yrs (0.4/yr) · Last round ICO (Jul 2024)
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Global: Investors from 4 countries beyond Canada
Funding rounds
- Jul 2024ICO$1.2M
- Apr 2021ICO$14M
Founders & team
Investors
Avisa Ventures, GD10 Ventures, Cypheron Ventures, Capitaleap
Funding & investor landscape
$2.9Btotal disclosed funding
68companies funded
133disclosed rounds
0rounds last 90 days
Most active investors
Notable founders
Michael Katchen
Co-Founder & CEO · Wealthsimple
Brett Huneycutt
Co-Founder & Chief Product Officer · Wealthsimple
Bonta Nicolas
Founder & Chairman at Bitfarms · Bitfarms
Ryan Funduk
Co-Founder · Figment
Matt Harrop
Co-Founder · Figment
David Jellins
CEO · CryptoStar
Georgios Vlachos
Co-Founder · Axelar
Sergey Gorbunov
Co-Founder & CEO · Axelar
Andrei Poliakov
Founder & CEO · APX Lending
Ali Irshad
Co-Founder & Head of Sales & Partnerships · Cybrid
Avinash Chidambaram
Co-Founder & CEO · Cybrid
Alex McDougall
President & CEO · StableCorp
Prism market signals · Canada · country-scoped Prism corpus, 8,329,742 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 IN TORONTO · Finance
How research on Blockchain in Toronto is moving
A read on the academic research around Blockchain in Toronto — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 116 papers.
Toronto Metropolitan University and University of Toronto lead blockchain research (111 recent papers), focusing optimistically on applications, security, and IoT integration, with minimal concern (mean stance 0.53).
116 papers · stance +0.53 · 39% breakthrough · 17% concern
top institutions
- Toronto Metropolitan University60
- University of Toronto58
- Unity Health Toronto2
leading researchers
Jelena Mišić · Vojislav B. Mišić · Xiaolin Chang · Andreas Veneris · Hans‐Arno Jacobsen · Haytham Qushtom
prism intelligence · tone & topics
87% positive · 9% critical tone
FinanceBusinessCryptocurrencySoftware DevelopmentComputer ScienceSecurity
▲
Breakthroughs42 · 36%
▲ 0%→33% share
5 median citations86% since 2021mostly methods-led
Smart contract and computer security research newly emerged, driving Breakthroughs segment from 0% to 33% field-share.
rising sub-themes (early→recent)
- Distributed computing1→3
Newly emergingComputer security 0→15 · Smart contract 0→7 · Computer network 0→7
Landmark BLA: Blockchain-Assisted Lightweight Anonymous Authentication for Distributed Vehicular Fog Services · 222 cites
◆
Advancements48 · 41%
▲ 0%→43% share
1 median citations96% since 2021mostly methods-led
Computer security papers surged 1→17, anchoring Advancements segment's rise from 0% to 43% field-share.
rising sub-themes (early→recent)
- Computer security1→17
Newly emergingDistributed computing 0→8 · Internet of Things 0→7 · Supply chain 0→7
Landmark Some Simple Economics of the Blockchain · 362 cites
▼
Concerns18 · 16%
▲ 0%→17% share
6 median citations100% since 2021mostly position pieces
Computer security, transparency, and distributed ledger concerns newly emerged, pushing Concerns segment to 17% field-share.
rising sub-themes (early→recent)
- Computer security7
- Transparency (behavior)3
- Distributed ledger3
- Database transaction3
- Supply chain3
Newly emergingComputer security 0→7 · Transparency (behavior) 0→3 · Distributed ledger 0→3
Landmark A Survey of Decentralizing Applications via Blockchain: The 5G and Beyond Perspective · 140 cites
Common questions
How many Blockchain Technology companies are there in Toronto, Canada?
Radar tracks 264 indexable Blockchain Technology companies headquartered in Toronto, Canada that meet our profile-completeness bar.
What is the total funding raised by Blockchain Technology companies in Toronto, Canada?
The Blockchain Technology companies in Toronto, Canada on this list have raised a combined $2.9B in disclosed equity funding across 68 funded companies.
Which is the highest-funded Blockchain Technology company in Toronto, Canada?
Wealthsimple is the highest-funded Blockchain Technology company in Toronto, Canada, with $901.3M in disclosed equity funding.
How many Blockchain Technology companies in Toronto, Canada are funded?
68 of the 264 Blockchain Technology companies in Toronto, Canada on this list have disclosed at least one equity funding round.
How many Blockchain Technology unicorns are there in Toronto, Canada?
3 Blockchain Technology companies in Toronto, Canada on this list are valued at $1B or more.
Who are the top investors in Toronto, Canada Blockchain Technology companies?
The most active investors in Toronto, Canada Blockchain Technology companies on this list include CMCC Global, DFG, Outlier Ventures, FJ Labs, Fenbushi Capital.
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.