Crypto enthusiasts should know these 5 Blockchain Start-ups in Berlin

Blockchain is an extremely exciting new technology that is having a major impact on the field of digital currencies. It enables decentralized recording of transactions, which can be viewed by anyone. Accordingly, this technology can be used for the transparent handling of business processes, among other things. Another key advantage is that subsequent manipulation of transactions on the blockchain is not possible.

There are several start-ups in Berlin that are working with this new technology and offering interesting products and services based on blockchain.

1 Gnosis

The company Gnosis was founded in 2015. The Berlin-based start-up originally developed a forecasting market platform. However, over time it has developed into a Web3 infrastructure provider that has launched an extensive range of products on the market. These include, among others:

• Multisig Wallet Safe
• CoW protocol
• Zodiac

The multisig wallet Safe complies with industry standards and secures more than 100 billion dollars in assets. The so-called CoW protocol offers users MEV-protected decentralized trading. Zodiac is a modular DAO toolset. The special feature of this toolset is that customizable governance systems can be created. In 2021, the Gnosis Chain was created as part of the merger between Gnosis and xDai. This is an L1 that is characterized, among other things, by secure and cost-effective transactions.

The current focus of Gnosis is on providing useful applications for consumers that are highly user-friendly. The aim is to revolutionize key areas, including payments. Accordingly, Gnosis offers a VISA debit card as part of Gnosis Pay, which users can top up with EUR.

All cryptocurrencies from the Ethereum ecosystem can be exchanged for EURe. A corresponding wallet is usually required to trade cryptocurrencies. Users should inform themselves about the advantages of a Web3 crypto wallet in Germany before making a decision.

2 BigchainDB GmbH

BigchainDB GmbH is a company that provides a blockchain database. One of the advantages of this database is that it is decentralized and cannot be changed. BigchainDB supports many different use cases, even when it comes to large-scale applications. These include, among others:

• Intellectual property
• Internet of Things (IoT)
• Supply chains

3 Bitwala GmbH

Bitwala is a blockchain and software development company. The company provides users with a platform that enables the direct purchase of cryptocurrencies via an ordinary bank account. This brings cryptocurrency trading closer to a larger number of users who are still afraid of dealing with crypto exchanges and web3 wallets. In total, the company has raised more than 50 million dollars over 9 financing rounds.

4 Finoa GmbH

Finoa GmbH has created Finoa, a platform aimed at institutional investors. The products offered include an integrated trading solution that has a high level of liquidity and enables private trading of cryptocurrencies. Investors also have the opportunity to stake their tokens via Finoa. The company has raised more than 58 million dollars in 4 financing rounds.

5 Bitbond GmbH

Bitbond is an online platform that enables users to tokenize assets. This opens up new opportunities for raising capital in the form of fundraising and secondary trading. This is because real-world assets can be tokenized and divided into many individual parts in this way. The company was founded in 2013 and has already received more than 14 million dollars in capital from investors.