The post ̦Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down com. The post ̦Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down Despite its rapid growth and investor buzz, the company isn’t planning an IPO or launching its own blockchain anytime soon. CEO Brandon Millman confirmed this on the Empire Podcast, saying Phantom’s focus will stay on Solana and building products that make crypto easier for everyday users. Here are more insights from the episode! No IPO, No Blockchain Millman said clearly that while Phantom has the potential to go public, it’s not the path the company wants to take right now. “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,” he explained. Instead, Phantom plans to grow through private funding from leading backers like a16z, Paradigm, and Sequoia. He also added that Phantom isn’t targeting institutional users at the moment, but rather wants to keep improving its user-facing products and make crypto simpler for the mainstream. Sticking With Solana and Open Ecosystems Phantom’s refusal to build its own blockchain is interesting. Millman believes crypto should remain open and composable, not siloed. That’s why Phantom continues to invest heavily in the Solana ecosystem, while also supporting other chains like Base, Polygon, and Sui where it makes sense. Also Read: Redditors List the Most Overlooked Real-World Blockchain Use Cases From Wallet to Full-Fledged Finance App Phantom started as a Solana wallet, but the company’s ambitions go far beyond that. It’s now building what looks like a next-generation crypto finance platform something that combines trading, payments, and daily money management in one app. Among the new products in the pipeline: Phantom Cash,.