Chicago Gets Its First Incubator for Blockchain Startups

AccessTimeIconJul 10, 2015 at 2:30 p.m. UTC
Updated Sep 11, 2021 at 11:46 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

A group of Chicago entrepreneurs and investors have launched the city's first bitcoin and blockchain hub.

Opening today at Chicago's 1871 – an entrepreneurial centre home to 325 early-stage digital startups – Chicago's Bitcoin Center will provide a co-working space, mentorship, public relations and government affairs services to blockchain-focused startups.

Matthew Roszak, CEO of the Chicago Bitcoin Center and founding partner of VC firm Tally Capital, said in a statement:

"Chicago has a rich history and DNA in financial technology, and the blockchain has the potential to provide a new, open-source rail for FinTech innovation."

The Center's inaugural companies include Bloq, a blockchain company; Glidera, a digital currency merchant services provider; Red Leaf, a bitcoin ATM operator; and OasisCoin, a bitcoin remittances company.

The incubator's advisory board comprises prominent entrepreneurs including Andrew Filipowski – chairman of the centre and another founding partner of Tally Capital; Don Wilson, founder and CEO of DRW Trading; Jeff Garzik, bitcoin core developer and Luke Sully, director of advisory services at PriceWaterhouseCoopers.

Alongside the launch, 1871 announced it will accept bitcoin payments, enabling its tenants to pay their rent with the cryptocurrency.

Chicago image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.