PlayIconNav
BTC
$68,699.99-0.12%
ETH
$2,427.08-1.50%
BNB
$558.80-0.18%
SOL
$161.26-0.34%
XRP
$0.51396744+1.61%
DOGE
$0.16780347+10.84%
CD20
$1,989.12-0.64%
TRX
$0.16212776-1.72%
ADA
$0.33017817-0.37%
SHIB
$0.00001752+4.20%
WBTC
$68,591.41-0.13%
AVAX
$23.10-2.01%
Ad
Markets
Election 2024

Chicago Gets Its First Incubator for Blockchain Startups

By Yessi Bello Perez
AccessTimeIconJul 10, 2015 at 2:30 p.m. UTC
Updated Aug 18, 2021 at 4:01 p.m. UTC
Presented By Icon

Election 2024 coverage presented by

Stand with crypto
chicago-2

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.

VolumeMuteUnmute

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0

    • 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 have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.

    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.