# Blockstream

> Blockstream is a Bitcoin infrastructure company founded in 2014 by cryptographer Adam Back and a group of early Bitcoin Core developers. It builds the plumbing that lets money move on Bitcoin - the Liquid Network sidechain for institutions, the Core Lightning payments node, the open-source Jade hardware wallet for self-custody, satellite broadcasting of the blockchain, and a Bitcoin mining business. The company has raised more than $650 million and positions itself as the layer that turns Bitcoin from a store of value into working financial infrastructure.

- **Founded:** 2014
- **Headquarters:** Victoria, British Columbia, Canada
- **Founders:** Adam Back (Co-Founder & CEO), Austin Hill (Co-Founder), Gregory Maxwell (Co-Founder), Pieter Wuille (Co-Founder), Matt Corallo (Co-Founder), Mark Friedenbach (Co-Founder), Jorge Timon (Co-Founder)
- **Team size:** Around 100-200 employees, distributed globally
- **Products:** Liquid Network, Core Lightning (CLN), Blockstream Jade, Blockstream Green / Blockstream App, Blockstream Satellite
- **Notable:** Co-founder Adam Back's hashcash proof-of-work is cited in the 2008 Bitcoin whitepaper., Launched the Liquid Network, one of the first production Bitcoin sidechains., Pioneered satellite broadcasting of the Bitcoin blockchain with Blockstream Satellite.

## Products & services

- **Liquid Network** — A Bitcoin Layer-2 sidechain for fast (roughly two-minute), confidential settlement, tokenized asset issuance, and trustless swaps - used by exchanges and financial institutions.
- **Core Lightning (CLN)** — A leading open-source implementation of the Lightning Network protocol for scalable, instant Bitcoin payments, widely used in enterprise deployments.
- **Blockstream Jade** — An open-source, air-gapped hardware wallet for Bitcoin and Liquid assets; later versions send and receive Lightning payments while keeping keys fully offline.
- **Blockstream Green / Blockstream App** — A self-custodial mobile wallet to buy, hold, and manage Bitcoin and Liquid assets, with multisig recovery options.
- **Blockstream Satellite** — A network broadcasting the Bitcoin blockchain from space, letting people receive Bitcoin data without a conventional internet connection.
- **Blockstream AMP** — An asset management platform for issuing and managing tokenized securities and digital assets on the Liquid Network.
- **Blockstream Mining** — Enterprise Bitcoin mining and hosting operations, including colocation for institutional miners.
- **Elements & Simplicity** — Open-source blockchain platform (Elements) that powers Liquid, and a high-assurance smart contract language (Simplicity) for provably correct contracts.
- **Greenlight** — A cloud-hosted, non-custodial Lightning-node service that runs Core Lightning while users keep their own keys.

## Achievements

- Co-founder Adam Back's hashcash proof-of-work is cited in the 2008 Bitcoin whitepaper.
- Launched the Liquid Network, one of the first production Bitcoin sidechains.
- Pioneered satellite broadcasting of the Bitcoin blockchain with Blockstream Satellite.
- Maintains Core Lightning, a major Lightning Network implementation.
- Raised more than $650M cumulatively; valued at $3.2B in 2021.
- Shipped the first hardware wallet able to send Lightning payments while keeping keys fully offline.

## Latest updates

- **2024-10** — Closed a $210M convertible note round led by Fulgur Ventures to grow Layer-2, mining, and Bitcoin treasury; appointed a new COO.
- **2025-04** — Shared a strategic update on 2025 growth and expansion across its product lines.
- **2025-05** — Unveiled its 'Future of Finance Runs on Bitcoin' vision at Bitcoin 2025.
- **2025-06** — Jade gained the ability to send and receive Lightning payments from cold storage via atomic swaps to Liquid bitcoin.

## Links

- Website: https://blockstream.com
- LinkedIn: http://www.linkedin.com/company/blockstream
- Twitter/X: https://twitter.com/blockstream
- GitHub: https://github.com/Blockstream
- YouTube: https://www.youtube.com/c/Blockstream
- Facebook: https://www.facebook.com/Blockstream/

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Profile page: https://yespress.io/blockstream
Published by YesPress — https://yespress.io
Last updated: 2026-08-14