**Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down on Solana**
Despite rapid growth and significant investor buzz, Phantom Wallet isn’t planning an IPO or launching its own blockchain anytime soon. CEO Brandon Millman confirmed this during a recent appearance on the Empire Podcast, emphasizing the company’s commitment to Solana and its mission to build products that make cryptocurrency more accessible for everyday users. Here are more insights from the episode.
### No IPO, No Blockchain
Millman made it clear that while Phantom has the potential to go public, an IPO is not the route they want to take right now. He explained, “Launching your own chain is kind of antithetical to the open permissionless nature of crypto, I feel. And so I think we’re always going to try to just reinvest into Solana.”
Instead of launching a proprietary blockchain or chasing public markets, Phantom plans to grow through private funding from leading backers such as a16z, Paradigm, and Sequoia Capital. Millman also highlighted that Phantom isn’t currently targeting institutional users. Rather, the focus is on improving user-facing products and simplifying crypto for the mainstream audience.
### Sticking With Solana and Open Ecosystems
Phantom’s decision to avoid building its own blockchain is a notable stance in the crypto space. Millman believes that cryptocurrency should remain open and composable—not siloed within isolated chains.
That’s why Phantom continues to invest heavily in the Solana ecosystem while also supporting other blockchains like Base, Polygon, and Sui where it makes sense to do so. This approach reflects Phantom’s commitment to maintaining an open and interconnected crypto ecosystem.
### From Wallet to Full-Fledged Finance App
Phantom started out as a Solana-based wallet, but its ambitions now extend far beyond that. The company is developing what looks to be a next-generation crypto finance platform—an all-in-one app that combines trading, payments, and everyday money management.
Among the new products in the pipeline:
– **Phantom Cash**: A USD-based account that enables users to receive payroll deposits, make transfers, and use debit card spending.
– **CASH Stablecoin**: Developed in partnership with Stripe and Bridge, this stablecoin is backed 1:1 by USD and instantly usable at merchants supporting Stripe.
These innovations push Phantom toward a business model reminiscent of fintech apps like Cash App or Robinhood but built entirely on crypto infrastructure.
### The Road Ahead: Building the Future of Crypto Finance
Phantom currently employs around 160 people and is expanding through strategic acquisitions such as Bitski, Sniper, and Blowfish. The company is also gearing up to launch **Phantom Terminal** in November 2025, a professional trading platform aimed at advanced users.
Additionally, Phantom is developing **Phantom Connect**, a feature that will allow users to sign into apps seamlessly using their Phantom wallet.
Millman summed up Phantom’s long-term vision as building “the next-generation consumer finance platform” powered by crypto. By sidestepping IPO hype and focusing on product-driven growth, Phantom appears dedicated to creating lasting value for the next wave of crypto adopters.
https://bitcoinethereumnews.com/blockchain/%cc%a6phantom-wallet-ceo-says-no-ipo-or-blockchain-launch-ahead-doubles-down-on-solana/