About Blockchain Technology sector in Canada
The Blockchain Technology sector in Canada comprises 1.8K companies, including 440 funded companies having collectively raised $6.76B in venture capital money and private equity. Out of these, 149 are Series A+ funded, and 6 have achieved unicorn status.
Blockchain Technology sector in Canada has seen 51 acquisitions and 47 IPOs. This represents almost 5.5% of all such companies - which is higher than the 3.8% exit rate of tech companies in general.
This sector includes companies building blockchain technology.
Blockchain Technology sector is also known as Web 3 Technology, Blockchain Ecosystem, Distributed Ledger Technology or Decentralized Technology.
Infrastructure to build Blockchain technology, Smart Contracts, Cryptocurrencies, Non Fungible Tokens, Blockchain Services are included in this sector.
Top Blockchain Technology Companies in Canada
There are 1,797 Blockchain Technology startups in Canada which include Wealthsimple, Blockstream, LayerZero Labs Canada Inc, Ethereum, 3Commas. Out of these, 440 startups are funded, with 149 having secured Series A+ funding, and 6 achieving unicorn status.
2026 has seen the creation of 21 Blockchain Technology startups in Canada. Over the past 10 years, an average of 138 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Toronto, University of Waterloo and Stanford University.
Here is the list of top Blockchain Technology startups in Canada
1. Wealthsimple
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.
Key facts about Wealthsimple
- Founded Year: 2014
- Location: Toronto (Canada)
- Stage: Series F
- Total Funding till date: $1.51B
- Investors: Power financial, GIC and 40 Others
- Latest Funding Round: Series F, Oct 28, 2026, $*****
- Tracxn Score: 79/100 What is this?
- Competitors Rank: 17 of 4,081 Competitors
2. Blockstream
Developer of cryptocurrency infrastructure software and open source hardware wallets. Systems built for the bitcoin network include non custodial applications, security technology, and decentralized financial tools. These products facilitate peer to peer transactions and address scaling requirements through satellite transmissions and sidechain implementations. Hardware security devices assist individuals with self custody management. The architecture aims to reduce reliance on third party financial institutions by utilizing cryptographic proof and distributed systems protocols.
Key facts about Blockstream
- Founded Year: 2014
- Location: Montreal (Canada)
- Stage: Series C
- Total Funding till date: $651M
- Investors: Baillie Gifford, Real Ventures and 46 Others
- Latest Funding Round: Series C, Oct 15, 2024, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 2 of 318 Competitors
Omnichain interoperability protocol that unites decentralized applications. It enables the secure movement of messages and fungible tokens between several blockchains without the need for asset wrapping, middle chains, or liquidity pools.
Key facts about LayerZero Labs Canada Inc
- Founded Year: 2021
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $318M
- Investors: Andreessen Horowitz, Sequoia Capital and 54 Others
- Latest Funding Round: Series B, Feb 11, 2026, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 1 of 44 Competitors
4. Ethereum
Blockchain-based public network for decentralized applications. It is a blockchain-based distributed computing platform and operating system featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. It enables developers to build and deploy decentralized applications.
Key facts about Ethereum
- Founded Year: 2013
- Location: Toronto (Canada)
- Stage: Series B
- Investors: KR1, HFRRF and 110 Others
- Latest Funding Round: Series B, Oct 21, 2021, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 8 of 2,334 Competitors
5. 3Commas
Trading bots for cryptocurrency trading. It offers solutions such as a platform to trade automatically with long & short bots, crypto signals for insights on crypto investments, crypto exchange, and more. Its features are customized trading strategies, trading indicators, and more.
Key facts about 3Commas
- Founded Year: 2017
- Location: Vancouver (Canada)
- Stage: Series B
- Total Funding till date: $40M
- Investors: Alameda Research, Target Global and 3 Others
- Latest Funding Round: Series B, Sep 22, 2022, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 2 of 830 Competitors
Companies founded year-on-year in the Blockchain Technology sector in Canada
21 new startups have been founded so far in 2026 in the Blockchain Technology sector in Canada. 247 Blockchain Technology startups in Canada were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 21 |
2025 | 113 |
2024 | 47 |
2023 | 71 |
2022 | 187 |
2021 | 246 |
2020 | 123 |
2019 | 149 |
2018 | 247 |
2017 | 179 |
Stage-wise distribution of Blockchain Technology sector companies in Canada
Out of the total 1,797 Blockchain Technology companies in Canada, 440 have secured funding. Among them, 149 have reached Series A or higher, and 122 to Series B or beyond.
Founded - 1,797
Funded - 440
Series A+ - 149
Series B+ - 122
Series C+ - 110
Company Stage | No. of companies |
|---|---|
Founded | 1,797 |
Funded | 440 |
Series A+ | 149 |
Series B+ | 122 |
Series C+ | 110 |
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Funding Trends in the Blockchain Technology sector in Canada
Total funding year-on-year in the Blockchain Technology sector in Canada
The Blockchain Technology sector in Canada saw a total funding of more than $6.63B in the last 10 years. The most amount of funding was in 2021 at more than $2.65B. There has been a total funding of $229M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $229M |
2025 | $1.38B |
2024 | $377M |
2023 | $378M |
2022 | $553M |
2021 | $2.65B |
2020 | $176M |
2019 | $174M |
2018 | $439M |
2017 | $279M |
Recent Funding Rounds in Blockchain Technology in Canada
In the year 2026, till October 2026, Blockchain Technology companies in Canada have raised $221M in equity funding across 7 rounds.
In the same period last year (i.e. till October 2025), Blockchain Technology companies in Canada had raised $528M across 21 rounds.
So, 2026 has seen a 58.12% drop in funding in Blockchain Technology companies in Canada as compared to 2025.
Here are some recent, important funding rounds in Blockchain Technology companies in Canada:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series F | 4739 | Oct 28, 2026 | ||
Series A | 7296 | Oct 27, 2026 | ||
Series A | 1504 | Jul 16, 2026 | ||
Seed | 8303 | Jun 25, 2026 | ||
Seed | 1943 | Jun 25, 2026 |
Top Investors in Blockchain Technology in Canada
Plug and Play Tech Center is the top investor in Blockchain Technology companies in Canada based on number of companies invested.
Here are some top investors in Blockchain Technology companies in Canada:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Montreal (Canada) | ||
Toronto (Canada) | ||
New York City (United States) | ||
Toronto (Canada) | Bravo Ready and ZOO Labs |
M&A activity in Blockchain Technology sector in Canada
In the year 2026, till October 2026, 3 acquisitions happened in Blockchain Technology sector in Canada. Last year, in 2025, a total of 6 acquisitions happened in Blockchain Technology sector in Canada.
Here are some recent, important acquisitions in Blockchain Technology sector in Canada:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 08, 2026 | ||
Business Acquisition | Mar 05, 2026 | ||
Business Acquisition | Jan 13, 2026 | ||
Business Acquisition | Aug 06, 2025 | ||
Business Acquisition | May 13, 2025 |
Acquisition trends in Blockchain Technology sector in Canada
Here are the acquisition trends in Blockchain Technology sector in Canada:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 6 |
2024 | 1 |
2023 | 7 |
2022 | 8 |
2021 | 12 |
2020 | 2 |
2019 | 3 |
2018 | 8 |
2017 | 2 |
IPOs in Blockchain Technology in Canada
In the year 2025, till December 2025, 2 IPOs happened in Blockchain Technology sector in Canada.
Here are some recent, important IPOs in Blockchain Technology sector in Canada:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 10, 2025 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Feb 13, 2025 | OTC Markets (OTCMKTS) | |
Dec 16, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Sep 17, 2024 | Toronto Stock Exchange - Venture Exchange (TSX-V) | |
Mar 01, 2024 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most Blockchain Technology companies in Canada
Companies founded by alumni from top colleges in the Blockchain Technology in Canada
Most number of Blockchain Technology startups in Canada have been founded by alumni from University of Toronto, University of Waterloo and Stanford University.
College | No. of companies |
|---|---|
University of Toronto | 23 |
University of Waterloo | 21 |
Stanford University | 10 |
McGill University | 7 |
Harvard Business School | 4 |
King’s College London | 3 |
Massachusetts Institute of Technology | 3 |
McMaster University | 3 |
The University of British Columbia | 3 |
University of Chicago | 3 |
Total funding in Blockchain Technology companies founded by alumni from top colleges in Canada
In the last 10 years, University of Oxford graduates' Blockchain Technology companies in Canada have raised the most funding among top colleges. Stanford University alumni are second, and University of Toronto alumni are third.
College | Total Funding |
|---|---|
University of Oxford | $1.51B |
Stanford University | $671M |
University of Toronto | $478M |
Massachusetts Institute of Technology | $144M |
Ivey School of Business | $98.4M |
University of Waterloo | $97.2M |
McGill University | $26.3M |
Columbia University | $18.4M |
University of Bristol | $16.2M |
McMaster University | $14M |
Top News in Blockchain Technology in Canada
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Digital Realty, Colovore, Hut 8, CoreSite, and DataBank file to build data centers in TexasDCD•Sep 15, 2026•DataBank, Colovore, CoreSite, Hut 8 and 1 other
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DMCC and Tether Sign MoU to Advance Blockchain, Tokenisation and Digital Finance CollaborationAlBawaba•Jun 17, 2026•DMCC, Tether, Ledn, NEURA and 6 others
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T-RIZE Structures Up to $500 Million Private Credit Digital Bond ProgrammeGlobeNewswire•Mar 30, 2026•T-Rize Group
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Sonic Labs and SonicStrategy Extend DAT Roadmap Amid Shifting Market ConditionsCryptonews•Jan 01, 2026•SonicStrategy, Sonic Labs
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Bitfarms Plans Washington Site Conversion to HPC/AI Workloads,Targeting Dec 2026 CompletionGlobeNewswire•Nov 13, 2025•Bitfarms
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