Algomint
- Company typePrivate
- Founded2020
- HeadquartersBrisbane, Australia
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
Algomint firmographics
Firmographics- Name
- Algomint
- Legal name
- ChainMint Pty Ltd
- Website
- https://algomint.io
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Algomint industry classification
Industry- Product category
- Cross-Chain DeFi Bridge Infrastructure
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Cross-Chain DEXs & Bridge-Integrated Trading (FSADABAD)
- akta.pro secondary industries
- Cross-Chain Bridging & Interoperability for Stablecoins (FSADADAH), On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD)
Keywords
Where Algomint is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Algomint business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Protocol Fees - Asset Baskets: Fees collected from various functions including asset baskets. A portion of fees is converted into goMINT and other base assets Liquidity Pool pairings inside DEXes.
- Liquidity Aggregator Fees: Fees gathered from liquidity aggregation services across chains.
- Arbitrage Revenue: Revenue generated through arbitrage opportunities using bridged liquidity to stabilize markets.
- DEX Trading Fees: Protocol-owned liquidity generates long-term revenue through Liquidity Pool trading fees. Fees collected in goMINT remain in treasury until LP'd.
- Buy-and-Make Model: Protocol fees channel initial fees back into pools for building protocol owned liquidity. Treasury allocation fuels initial rewards until depleted, expected to last 5+ years.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Algomint product offering
Product offeringCore offering
Algomint is a cross-chain liquidity network built on the Algorand blockchain that enables users to bridge, mint, and redeem wrapped digital assets (goBTC, goETH, goUSD) at a 1:1 ratio by locking original BTC, ETH, and stablecoins in Copper.co custody vaults. The platform also issues a native governance token (goMINT) used for DAO-based treasury and protocol decisions.
Product overview
Algomint is a cross-chain liquidity network and digital asset bridge built on the Algorand blockchain. The core platform enables users to wrap and bridge popular assets (BTC, ETH, stablecoins) from other chains to Algorand, offering high speed and low fees in its DeFi ecosystem. The product suite includes wrapped token products (goBTC, goETH, goUSD) mintable 1:1 with original assets via Copper.co vaults, the goMINT governance token for DAO participation and treasury management, the Bridge App for cross-chain asset transfer, and the goBASKET App for asset consolidation and liquidity optimization. These products work together to create an interoperable liquidity network that facilitates cross-network asset flow and capital efficiency.
Differentiator
Problem solved
Functional benefit
Products and services
- Algomint Platform
- goBTC
- goETH
- goUSD
- goMINT
- Bridge App
- goBASKET App
Quantifiable outcome
- Transaction speed of 4 seconds
- +3 more outcomes
Companies that use Algomint
Customer profileSegments2 records
Ideal customer profiles2 records
Algomint technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature3 records
Algomint partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- PACTcorePACT is an Algorand-native DEX that served as one of three launch platforms for the goMINT token with equally distributed $1M liquidity pool.
- TinymancoreTinyman is an Algorand-native DEX that served as one of three launch platforms for the goMINT token with equally distributed $1M liquidity pool.
- Humble SwapcoreHumble Swap is an Algorand-native DEX that served as one of three launch platforms for the goMINT token.
- Folks FinancecoreFolks Finance is an Algorand DeFi platform where goMINT token is available for trading and liquidity provision.
- CoppercoreCopper provides secure vault custody services for BTC and ETH assets. Users lock their assets with Copper.co to mint goBTC and goETH on Algorand in a 1:1 ratio.
- AlgorandcoreAlgomint is built on the Algorand blockchain, leveraging its high-speed (4 second transactions), low-cost ($0.001 ALGO), and carbon-negative infrastructure for cross-chain bridging and DeFi services.
- Algorand FoundationcoreAlgorand Foundation supported Algomint through the Aeneas Incentive Program in Q1 2022, providing liquidity incentives for protocol growth.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Algomint competitors and assessment
Company assessmentDirect peers
- Wormhole: Cross-chain bridge protocol that enables asset transfers across multiple blockchains, including wrapped/synthetic versions of native assets. Algomint operates in the same cross-chain bridging category but specialized to Algorand.
- Stargate (LayerZero): Omnichain asset bridge and DEX built on LayerZero that routes native and wrapped assets across chains. Competes with Algomint for cross-chain liquidity and stablecoin bridging demand.
- Allbridge: Multi-chain bridge supporting transfers of native and wrapped assets across EVM and non-EVM chains, including Solana and similar L1s. Direct competitor to Algomint's cross-chain bridging function.
- Synapse Protocol: Cross-chain bridge and liquidity network enabling asset swaps and stablecoin bridging across multiple chains. Comparable to Algomint in offering wrapped assets and cross-chain liquidity routing.
- Multichain (previously Anyswap): Was a leading cross-chain router supporting wrapped assets across dozens of chains. Directly comparable to Algomint in scope, though currently hampered by operational issues.
Emerging players
- Ren Protocol: Pioneered wrapped BTC (renBTC) and other cross-chain assets using a custodian-agnostic MPC bridge model. Closely parallels Algomint's wrapped asset product, though focused on Ethereum.
- Threshold Network (tBTC): Decentralized protocol offering tBTC, a Bitcoin-backed wrapped asset using threshold cryptography. Competes with goBTC for trust-minimized BTC bridging, though without Algorand focus.
- Chainport: Cross-chain bridge supporting token transfers across multiple networks. Comparable to Algomint as a niche multi-chain bridge focused on interoperability for less-served chains.
Broad incumbents
- BitGo (wBTC): Provides wBTC, the dominant wrapped Bitcoin product, with institutional custody. Algomint's goBTC competes for users seeking wrapped BTC exposure, though in the Algorand-specific DeFi context.
Regional players
- AlgoFi: Algorand-native DeFi lending and DEX protocol. Adjacent peer that shares Algomint's Algorand user base and integrates wrapped assets like goBTC and goETH into its lending markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Algomint social profiles
Digital presenceAlgomint financial estimates
Financial estimateRevenue estimate
Valuation estimate
Algomint leadership team
Management profileNumber of profiles
Profiles4 records
Algomint funding detail
Funding detailFunding overview
Funding rounds1 record
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Algomint M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Algomint
What does Algomint do?
Algomint is a cross-chain liquidity network built on the Algorand blockchain that enables users to bridge, mint, and redeem wrapped digital assets (goBTC, goETH, goUSD) at a 1:1 ratio by locking original BTC, ETH, and stablecoins in Copper.co custody vaults. The platform also issues a native governance token (goMINT) used for DAO-based treasury and protocol decisions.
Is Algomint a public or private company?
Algomint is a private company. It is classified as venture growth investor backed and is currently operating.
When was Algomint founded?
Algomint was founded in 2020. It employs 11 to 50 people.
Where is Algomint based?
Algomint is headquartered in Brisbane, Australia, in the Oceania region.
How does Algomint make money?
Five revenue lines are on record. Protocol Fees - Asset Baskets are the primary driver. The others are liquidity Aggregator Fees, arbitrage Revenue, DEX Trading Fees and buy-and-Make Model.
Who are Algomint's main competitors?
Direct peers on record are Wormhole, Stargate (LayerZero), Allbridge, Synapse Protocol and Multichain (previously Anyswap). Emerging players are Ren Protocol, Threshold Network (tBTC) and Chainport. BitGo (wBTC) is listed as a broad incumbent. AlgoFi is listed as a regional player.
Does Algomint have an API?
No public API is recorded for Algomint.
What industry is Algomint in?
Algomint's product category is Cross-Chain DeFi Bridge Infrastructure. Its primary akta.pro industry code is FSADABAD, Cross-Chain DEXs & Bridge-Integrated Trading, with a secondary code of FSADADAH, Cross-Chain Bridging & Interoperability for Stablecoins. Its NAICS code is 52321 and its SIC code is 6200.