The CEO of Phantom Wallet has confirmed that the company has no plans to launch a native blockchain or go public through an IPO.
Brandon Millman, Phantom Wallet’s CEO, recently appeared on the Empire podcast to discuss the company’s past, present, and future. During the episode, he stated that Phantom has no intentions of creating its own blockchain or pursuing an initial public offering (IPO). Instead, the company will continue to focus on Solana, reinforcing its commitment to building within existing ecosystems rather than starting new ones.
“Launching your own chain is kind of antithetical to the open, permissionless nature of crypto,” Millman explained. He added, “We are always going to try to just reinvest into Solana and other ecosystems that are already built on it.”
While Millman acknowledged that Phantom has IPO potential due to its growing user base and expanding product suite, he emphasized the company’s decision to remain private for now. Supported by prominent venture firms such as a16z, Paradigm, and Sequoia, Phantom plans to avoid public markets in order to focus on product development and its long-term vision.
### Phantom Focuses on Improving User Experience
Joining Millman on the podcast was Strategy Vice President Donnie Dinch, who highlighted Phantom’s broader mission: to build the next generation of consumer finance platforms using crypto as the foundation.
Rather than diverting resources toward creating a new blockchain or going public, the team is dedicating efforts to improving user experience and onboarding the next wave of crypto users.
### Introducing Phantom Terminal
One key development mentioned is the upcoming launch of the Phantom Terminal, a new trading experience tool expected to go live this week. According to Millman, this tool is designed to provide institutional and high-volume traders with a superior user experience.
### Rapid Growth and Adoption
Since its launch, Phantom Wallet has seen huge adoption. It now boasts over 15 million monthly active users and was valued at approximately $3 billion during previous funding rounds.
With a clear focus on innovation within established ecosystems and a commitment to enhancing user experience, Phantom Wallet continues to position itself as a leading player in the crypto space.
https://crypto.news/phantom-wallet-ceo-says-no-plans-for-own-chain-or-ipo/
