Toronto’s Crypto Ecosystem Thrives: Discover the 15 Must-Watch Startups

Unleashing Innovation and Potential in the Heart of Canada.

Toronto, Ontario has emerged as a hotbed of entrepreneurial activity, particularly in the fast-growing realm of cryptocurrency startups. With a vibrant community of innovators, developers, and visionaries, Toronto is quickly establishing itself as a global hub for blockchain technology and digital finance. In this article, we’ll explore 15 fascinating cryptocurrency startups that are making waves in the Toronto ecosystem. These startups are revolutionizing industries, fostering financial inclusion, and paving the way for a decentralized future. Let’s dive in and discover the cutting-edge ventures that are driving the crypto revolution in Toronto.

Figment: Empowering Web 3 Ecosystems

Figment is at the forefront of supporting the adoption, growth, and long-term success of the Web 3 ecosystem. With a focus on blockchain, computer science, cryptocurrency, network security, and software, Figment’s founders, Andrew Cronk, Lorien Gabel, and Matt Harrop, are dedicated to empowering developers and enterprises to harness the full potential of decentralized technologies. Simplifying Crypto Trading is a user-friendly cryptocurrency trading platform that enables instant buying and selling of Bitcoin and Ethereum through iPhone, Android, or web apps. Co-founded by Dustin Walper, Erynn Saunders, and Tyson Leslie, is leading the charge in making crypto trading accessible and seamless for users across Canada.

Haloo: Transforming Trademarking Processes

Haloo, developed by Heirlume, is on a mission to revolutionize the complex process of trademarking. Julie MacDonell and Sarah Ruest, the founders of Haloo, aim to make trademark registration faster, more accurate, and more affordable. This blockchain-based platform is a game-changer for businesses in need of efficient B2B solutions.

VirgoCX: Canada’s Premier Crypto Trading Platform

VirgoCX is Canada’s leading regulated cryptocurrency trading platform, committed to providing a safe, easy, and affordable experience for crypto enthusiasts. With a focus on financial services, VirgoCX was founded by Adam Cai and his team, catering to the growing demand for reliable and secure cryptocurrency trading solutions.

NFT3: Pioneering the Metaverse and Decentralized Identity

NFT3 is trailblazing as the first Unified Decentralized Identity and Credit Network for Web3. This innovative startup plays a pivotal role in bridging the gap between blockchain technology and decentralized identity management. As the metaverse gains traction, NFT3’s founders are working tirelessly to position themselves as the go-to platform for this evolving landscape.

Source: Unlocking Web3 Data Management

Source serves as an interoperable data management layer for Web3, addressing critical aspects such as blockchain, cryptocurrency, cybersecurity, database management, privacy, and software solutions. Founded by Addo Smajic, Alex Gogan, and David Turner, Source aims to ensure seamless integration and efficient data management within the decentralized ecosystem.

Integral Treasury: Real-Time Finance for Web3 Enterprises

Integral Treasury is a cutting-edge finance platform that caters specifically to web3 enterprises. This startup provides real-time accounting and financial services, facilitating the integration of blockchain technology into various industries. Integral Treasury’s solutions are designed to enhance financial operations and enable seamless adoption of decentralized systems.

Award Pool: Gamifying the Customer Experience with NFTs

Award Pool is revolutionizing customer engagement by managing, boosting, and gamifying the customer experience through the use of non-fungible tokens (NFTs). Co-founded by Ahmad Al Jamal, Alex Falconer, and Brenda Cohen, Award Pool offers innovative solutions that combine the world of cryptocurrency and eSports, creating unique opportunities for businesses to interact with their customers.

Atomic Loans: Empowering Peer-to-Peer Crypto Backed Loans

Atomic Loans introduces a protocol that enables individuals to obtain bitcoin and crypto-backed loans without intermediaries. By leveraging blockchain technology, Atomic Loans provides secure lending services while giving users full control over their assets. This startup is a game-changer for those seeking decentralized financial solutions.

Tritum Digital Assets: Unleashing Web3 Liquidity

Tritum Digital Assets is a prominent web3 liquidity company, working towards unlocking liquidity within the cryptocurrency and financial exchange space. Founded by John Willock and his team, Tritum Digital Assets is dedicated to fostering seamless trading experiences and promoting financial inclusion in the decentralized economy.

Balance: Secure Custody and Asset Management

Balance is a trusted platform that offers secure custody, trading, and management of digital assets. With a strong focus on Bitcoin, Ethereum, and other cryptocurrencies, Balance provides individuals and businesses with a safe and reliable solution for storing and transacting digital assets. The founders, Baha Nurlybayev and George Bordianu, are committed to building a robust and user-friendly ecosystem.

Rehuman: Blockchain Identity and Metaverse Platform

Rehuman aims to revolutionize identity management and facilitate seamless participation in the metaverse. Sid Sharma and his team at Rehuman leverage blockchain technology to establish a secure and decentralized identity platform. With its innovative solutions, Rehuman is paving the way for a future where individuals have full control over their digital identities.

Alkemi: Equitable Collaboration through Coin Utilization

Alkemi Network provides a unique solution that incentivizes collaboration among various stakeholders by allowing them to put their coins to work. By leveraging blockchain technology, Alkemi Network ensures equitable participation and rewards for contributors. Co-founded by Aristotle Andrulakis, Ben Cooper, and Brian Mahoney, this startup is driving innovation in the realm of cryptocurrencies.

Blackwatch Digital: Safeguarding Crypto Assets

Blackwatch Digital operates Dark Vault, a cutting-edge crypto security platform that specializes in cloud security, cybersecurity, and enterprise software solutions. Christopher McGarrigle and his team at Blackwatch Digital are committed to providing a secure environment for individuals and businesses to store and manage their digital assets.

Metaghiti: Unlocking the Potential of the Metaverse

Metaghiti is a forward-thinking startup that focuses on augmented reality, virtual reality, blockchain, and decentralized finance. Hosein Moazzen and his team are dedicated to exploring the possibilities of the metaverse and pushing the boundaries of immersive technologies. With their innovative approach, Metaghiti is poised to shape the future of virtual experiences.


Toronto’s cryptocurrency startup scene is brimming with energy and innovation. These 15 startups represent a diverse range of sectors within the blockchain and digital finance industry, from trading platforms and decentralized identity solutions to web3 liquidity providers and metaverse pioneers. With their groundbreaking ideas and entrepreneurial spirit, these startups are transforming traditional industries and ushering in a decentralized future. Keep an eye on these Toronto-based ventures as they continue to push the boundaries of what’s possible in the world of cryptocurrencies.

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Canada Venture News is a Canadian venture magazine that covers startups, business, technology, and innovation in Canada. The online publication provides news, insights, and resources for entrepreneurs, investors, and business professionals, featuring articles, interviews, and analysis of the latest trends and developments in the Canadian startup ecosystem.