DCIL Participating Companies
11 Companies have been approved to remain in the Digital Currency Innovation Lab, which will be in effect until June 30, 2024 (with a wind-down period starting July 1, 2024 to December 30, 2024).
On November 28, 2022, BlockFi filed for Chapter 11 bankruptcy protection. We are monitoring the situation closely and will provide further updates when appropriate.
Note: This list is accurate as of November 28, 2022.
 | Chicago-based Apex Crypto offers consumers the opportunity to purchase, store, and sell virtual currencies through partnerships with the registered broker-dealers that clear securities trades using the Company’s affiliated entity Apex Clearing Corporation. Digital currencies currently supported include Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Service Ready | Visit Website |
 | bitFlyer USA - bitFlyer is Japan's largest digital currency exchange with $1b+ in daily trading volume, and the only exchange licensed in the US, Europe, and Japan. Founded in 2014, it provides retail and institutional investors secure custodial wallet services for both legal tender and digital currency to facilitate trading activity. In 2017, bitFlyer expanded to the US and is now available in 48 states and territories. bitFlyer USA is a wholly owned subsidiary of bitFlyer Holdings, Inc. (based in Tokyo, Japan) and is headquartered in San Francisco, California. Service Ready | Visit Website |
 | BlockFi offers financial products that enable cryptocurrency holders to put their crypto to work. The company services customers worldwide, including 47 U.S. states, with interest-earning accounts and low-cost USD loans backed by crypto. BlockFi is backed by leading institutional investors and operates with a focus on compliance with US laws and regulations. Service Ready | Visit Website |
 | Cloud Nalu is a Hawaii-based technology solutions company that provides companies with blockchain development and integration services. These services include: • Setup of crypto currency wallets, point of sale integrations, & custody services • Development of smart-contracts, applications, and distributed ledger integrations • Setup of mining equipment and asset tracking systems • Providing a medium of exchange for businesses to buy, sell, and trade cryptocurrency and fiat money (2021) Service Ready | Visit Website |
 | Coinme is a blockchain financial services company dedicated to helping the world gain access to virtual currencies. The company provides services that give customers a safe and easy way to join the world of virtual currencies, including (i) the world's largest network of bitcoin kiosks where a user can purchase bitcoin with cash and (ii) a custodial digital wallet, where a user can safely store their virtual currencies. Service Ready | Visit Website |
 | Headquartered in Chicago, Illinois, Eris Clearing operates an online-based cryptocurrency exchange platform through which customers may engage in transactions to purchase or sell certain cryptocurrencies (including Bitcoin, Ethereum, and such other cryptocurrencies as permitted by Eris Clearing from time to time) in exchange for fiat currency or another permitted cryptocurrency. Service Ready | Visit Website |
 | New York-based Flexa operates a merchant payment network. Its suite of products provides consumers with the opportunity to make instant payments in stores and online using a variety of digital assets (such as digital dollars, tokens, and cryptocurrencies) and provides merchants with the ability to receive settlement in either digital assets or US dollars directly. Service Ready | Visit Website |
 | Gemini Exchange, LLC is an institutional-grade, regulated digital asset exchange and custodian. Through Gemini's online platform, customers may buy, sell, and store digital assets in a regulated, secure, and compliant manner. Founded in 2014 by Cameron and Tyler Winklevoss, Gemini is a New York-based trust company regulated by the New York State Department of Financial Services. It also created the Gemini Dollar ("GUSD"), the world's first regulated stablecoin, which is strictly pegged at a 1:1 ratio to the U.S. dollar. Service Ready | Visit Website |
 | River Financial is a challenger financial institution specializing in Bitcoin financial services. River Financial's flagship product, a Bitcoin brokerage, provides sophisticated retail investors with a high-touch platform to buy and sell Bitcoin. Founded in early 2019 by Alexander Leishman and Andrew Benson, River's brokerage product provides its clients with best-in-class security, a world-class client service experience, and investment performance tools such as cost basis tracking. Service Ready | Visit Website |
 | SoFi Digital Assets, LLC is the cryptocurrency investing arm of SoFi Invest. Through the platform, you can trade Bitcoin, Ethereum, Dogecoin, Cardano, and 18 more coins - 24/7. Plus SoFi's secure platform ensures your holdings are protected against fraud and theft. Make your first crypto trade, and SoFi will give you $10 in bitcoin. SoFi was founded in 2011 as "Social Finance, Inc." by Stanford Business school students. Service Ready | Visit Website |
 | Uphold HQ, Inc. is a digital money platform serving more than 7 million customers in more than 150 countries. Uphold today holds around $2.5 billion in customer assets. The Silicon Valley firm opens around 16,000 accounts a day typically as consumers seek a more versatile and cost-effective home for their financial lives. Leveraging blockchain technology, the platform provides both consumers and businesses with easy access to 51 digital assets, 28 national currencies, four precious metals and 50 fractional U.S. equities. Not all assets are available in all regions. Uphold’s unique trading experience - ‘Anything-to-Anything’ - allows customers to trade directly between asset classes, saving time and money. Uphold supports financial inclusion by enabling customers virtually anywhere to open an account in less than 5 minutes and invest with no minimum amounts. Customers can send money to virtually anyone with an email address free of charge. Service Ready | Visit Website |