Uphold is considering an IPO or sale, with a company valuation exceeding $1.5 billion.

Digital asset trading platform Uphold is reportedly considering an initial public offering (IPO) or sale. CEO Simon McLoughlin revealed that the board has appointed FT Partners to explore strategic options, including an IPO in the US or selling to other companies. He said that a number of banks, financial institutions, etc. are currently interested in Uphold, and the sale of M&A transactions is also one of the options. Although McLoughlin did not disclose the valuation, people familiar with the matter said the valuation was more than $1.5 billion. Uphold's CEO said a potential IPO or sale would require in-depth analysis, and that a Nasdaq listing could be beneficial if other companies were acquired. He said that the company has developed rapidly, with many mergers and acquisitions in the industry, and its revenue is expected to increase from $80 million in 2022 to more than $300 million due to the growth of the company's business.