Web3 startups in Toronto

Blockchain infrastructure and web3 gaming, including Helika and Source Network.

7 companies building in Web3 here.

Som Seif (interim CEO)

Toronto-based, publicly listed (Cboe Canada: ETHC) technology company providing capital-markets access to Ethereum, focused on staking yield generation and institutional-grade crypto infrastructure. Leadersh...

Figment Web3

Lorien Gabel, Andrew Cronk, Matthew Roszak

Founded 2018 in Toronto. Institutional-grade blockchain staking and node infrastructure — the access point for VC funds, custodians and exchanges earning staking yield. ~US$165M raised and valued at ~US$1.4B...

Helika web3

Web3 gaming technology and analytics platform serving game studios with data, growth, and security tooling. One of Toronto's most visible web3-gaming infrastructure startups.

Ledn Web3

Adam Reeds, Mauricio Di Bartolomeo

Founded 2018 in Toronto; issued Canada's first bitcoin-backed loan. Now one of the world's largest crypto-backed consumer lenders, originating ~US$1.4B in loans in 2025 with ~US$100M ARR and an estimated 30%...

Newton Web3

Dustin Walper

Founded 2018 in Toronto. CIRO-registered retail crypto trading platform tailored to Canadians, offering 70+ digital assets, instant buy/sell and staking. User base exceeding 800,000 Canadians.

Web3 company extending blockchain principles to off-chain, decentralized data management (products include DefraDB and the SourceHub protocol); raised funding from Delphi Ventures. A deep-infrastructure web3...

Dean Skurka (CEO)

Toronto-HQ crypto group operating Canada's largest regulated exchanges (Bitbuy, Coinsquare) after consolidating CoinSmart, Bitbuy and Coinsquare; 1.7M+ registered Canadians and CA$1.5B+ in custody. Acquired ...

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