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CertiK Signals IPO Push as Binance Becomes Its Largest Backer

The company is pitching regulator-ready security platforms to win institutional demand despite lingering trust concerns.

Overview

  • CEO Ronghui Gu said the firm is pursuing a public listing to become a leading Web3 security stock, though no concrete timeline has been set.
  • Binance, via founder Changpeng Zhao’s family office YZi Labs, made a recent eight-figure follow-up investment that positioned it as CertiK’s largest investor.
  • CertiK is accelerating Skynet Enterprise for regulator-focused risk monitoring and expanding formal verification using its Spoq engine with AI.
  • The company maintains a $2 billion valuation from a 2022 funding round, reports work with over 5,000 clients, and claims audits covering about $600 billion in assets.
  • Investor reception remains tempered by past incidents, including scrutiny over a 2024 Kraken bug operation, an X account compromise, and an audit tied to Huione Guarantee that prompted an apology.