B1

B1 operates as a blockchain-focused originator, incubator and investment holding company. It creates and backs technologies and businesses that rely on blockchain infrastructure for digital asset trading, distributed applications and NFT markets. Value is created by developing core infrastructure software, launching or acquiring operating platforms built on this software, and then capturing upside via equity ownership, capital gains and, where applicable, cash flows from these platforms.

The model combines open-source infrastructure (blockchain software distributed without licence fees) with commercial platforms (a regulated institutional exchange and an NFT marketplace) that use this infrastructure. The open-source layer builds ecosystem adoption, which in turn increases the value of related platforms and equity stakes. The exchange and marketplace provide ongoing operational revenue that complements long-term investment returns from portfolio companies and any advisory or implementation work connected to the blockchain stack.

B1 (Block.one) is a Cayman Islands-based blockchain holding and incubation company founded in 2016. It originates, incubates, acquires and invests in businesses that use blockchain infrastructure to support digital asset trading, decentralised applications and non-fungible token (NFT) marketplaces. Its portfolio includes a regulated institutional-focused crypto exchange, an open-source blockchain software stack, and an NFT marketplace for digital creators.

The company generates returns primarily through equity ownership in the businesses and technologies it builds or backs, rather than through a single operating product. Where it operates platforms directly, revenue comes from trading and custody fees and related financial services around digital assets. Core paying customers are institutional and professional traders using its exchange platform, enterprises and developers using its blockchain software, and creators and collectors transacting on its NFT marketplace, alongside investors exposed to portfolio value appreciation.