Blockchain.com will conduct its main operations in Europe, its largest market, in Lithuania. The leading global cryptocurrency platform is restructuring its legal structure and will no longer be a UK-based company. The company registers companies in Lithuania, Cayman Islands, Germany, Ireland. In addition to registering the company in Lithuania, active development of the team and investments in the region are also planned.
"We will no longer be just a UK-based company. Brexit makes it much more difficult to serve continental Europe from the United Kingdom, and by relocating our companies to Lithuania, Ireland and Germany, we will be able to seamlessly provide services to customers in the EU and around the world. We see Lithuania as a central operations office for Europe, which is our largest market, a growth center for the platform in the region," says Lane Kasselman, CEO of Blockchain.com.
"The planned development and investment of the global company Blockchain.com in Lithuania is a confirmation that we are moving in the right direction and are becoming an increasingly attractive country for companies of this level." Digitization and technology integration and development are important strategic directions for Lithuania, and the arrival of such platforms as "Blockchain.com" in Lithuania is a big step forward in order to become a strong financial technology center in Europe," - says Dawn Armonaitė, Minister of Economy and Innovation of the Republic of Lithuania.
The platform, through which 1 trillion dollars worth of transactions were made in crypto-currencies, opened an office in Lithuania in 2019. Blockchain.com has over 37 million users worldwide and a team of 600 people. About 20 specialists work in the Lithuanian office, the team is planned to double this year.
"Lithuania is the second largest financial technology capital in Europe, with a legal framework friendly to such companies, extremely competitive conditions and a large number of professionals. In addition, Vilnius is characterized by innovativeness, an advanced business culture, and cryptocurrencies are a popular way to invest. It was these reasons that prompted us, like other financial companies, to start expanding in Vilnius," says Lane Kasselman.
According to the company's representative, Blockchain.com sees Lithuania as the center of cryptocurrencies in Europe and will seek to strengthen the country's innovativeness.
Together with the establishment of the company and investments in Lithuania, until 2022 Blockchain.com will increase its global workforce to 700 by mid-XNUMX, with the addition of new board members: Tom Horton (former chairman and CEO of American Airlines, currently chairing the independent boards of Walmart and General Electric) and Marcie Vu (formerly Qatalyst and Morgan Stanley, which has worked with the largest consumer technology companies).
Blockchain.com's mission is to create an online financial system that allows anyone in the world to easily control their money.
