Steam Exchange

What Steam Exchange does

Steam Exchange Inc. is a privately-held Canadian blockchain infrastructure company founded in 2021 and headquartered in Vaughan, Ontario. The company is building Rails Network, an EVM-compatible blockchain ecosystem powered by a proprietary hybrid consensus mechanism called Proof of Work by Authority (PoWbA), which requires explicit authorization before any smart contract can be deployed. The network uses a custom RTS-20 token standard and is anchored by STEAMX, a native coin with an initial supply of approximately 165.1 million tokens used for gas and transaction participation.

The company's product portfolio is a suite of wallet-directed, non-custodial tools designed to be accessed via users' own wallets without surrendering custody of assets. Active products include Rails: Swap V3 (swaps, transport, staking, and farming-style functionality across Rails Network, Ethereum, BSC, and Base), Rails: Market (a P2P market for Rails USDC listings), Rails: Wallet (a multi-chain self-custody wallet with chain-level 2FA supporting Rails Network, Ethereum, BSC, Base, Solana, and Bitcoin), and Rails: Mobsters (a public-beta crime syndicate role-playing game). Rails: Exchange and Rails: Bridge remain in development, and centralized exchange functionality is currently disabled while the company pursues regulatory framework alignment in UAE and EU jurisdictions. The trademarks for Rails Network® and Steam Exchange® are registered.

Steam Exchange operates on a usage-based revenue model, monetizing through STEAMX gas fees across its ecosystem tools, though the platform has not been available for general public use. Prior access was limited to a closed beta/QA group of fewer than 30 testers. The company pursues a product-led and community-led go-to-market strategy, relying on organic channels — Telegram, Discord, r/RailsNetwork, and X (Twitter) — rather than institutional sales, with a horizontal segmentation spanning DeFi users and gaming users. Leadership consists of founder and CEO Gary Bard, with no other management team disclosed, and the company operates with 1–10 employees and no disclosed funding rounds, customers, or revenue.

Name

Steam Exchange

Legal name

Steam Exchange Inc.

Website

https://steamexchange.ca

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Steam Exchange is a Canadian blockchain infrastructure company building Rails Network, an EVM-compatible blockchain with a proprietary PoWbA consensus mechanism and a suite of non-custodial wallet tools (swap, P2P market, wallet, gaming beta) used by DeFi and gaming participants.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)

Keywords

• Blockchain ecosystem
• Non-custodial wallet
• Decentralized exchange
• Native cryptocurrency
• EVM-compatible blockchain

Headquarters

HQ city

Vaughan

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. STEAMX Token Utility: STEAMX is the native coin of Rails Network used for gas and transaction participation on the network. The token has an initial supply of approximately 165,143,664 with allocations including community reserve (59.49%), treasury (9.39%), team & advisories (9%), burn allocation (8.48%), development (6%), pool allocation (3.75%), rebates (3%), and marketing grants (0.89%).

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Steam Exchange operates Rails Network, an EVM-compatible blockchain ecosystem powered by a proprietary Proof of Work by Authority (PoWbA) consensus mechanism. It offers a suite of non-custodial, wallet-directed tools including token swaps, cross-chain transport, staking, farming-style liquidity provision, a peer-to-peer USDC market, a self-custody multi-chain wallet, and the STEAMX native coin used for gas and transaction participation on the network.

Product overview

Steam Exchange is building a decentralized ecosystem on Rails Network, an EVM-compatible blockchain powered by a proprietary Proof of Work by Authority (PoWbA) consensus mechanism. The ecosystem consists of a suite of tools spanning swap, transport, staking, farming, P2P market functionality, non-custodial exchange, multi-chain self-custody wallet, and gaming. Rails Network serves as the core platform, with the STEAMX token as the native network currency. The product suite includes Rails: Swap V3 (DEX-style swaps, staking, and farming), Rails: Market (P2P USDC market), Rails: Exchange (non-custodial exchange, in development), Rails: Wallet (multi-chain self-custody wallet with chain-level 2FA), Rails: Bridge (EVM-to-EVM bridge, in development), and Rails: Mobsters (public beta gaming). Most centralized platform functionality is currently disabled while Steam Exchange pursues regulatory framework alignment.

Differentiator

Problem solved

Functional benefit

Brands

• Rails: Swap V3: Wallet-directed Rails Network tool for swaps, transport, staking, and farming-style functionality.
• Rails: Market
• Rails: Exchange
• Rails: Wallet
• Rails: Mobsters

Products and services

• Rails Network
• STEAMX
• Rails: Swap V3

Quantifiable outcome

• Rails Exchange remains disabled pending regulatory alignment - platform not available for general public use

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Base: An EVM-compatible L2 where Rails: Swap V3 and Rails: Market already operate. Comparable as an incumbent chain ecosystem and a host where Steam Exchange's tools must coexist with native Base DEX and wallet products.
• BNB Chain: A high-throughput EVM-compatible L1 with deep DEX liquidity (PancakeSwap) and consumer-friendly on-ramps. Comparable because Rails Network is positioned as an alternative venue for the same retail-friendly DeFi flows that BNB Chain captured.
• Ethereum: The foundational EVM-compatible L1 and home of the largest DeFi ecosystem. Comparable as the incumbent platform Rails Network's EVM compatibility and custom token standard are explicitly designed to extend or differentiate from.

Direct peers

• MetaMask: The most widely used self-custody EVM wallet with chain-level support. Directly competes with Rails: Wallet for the same wallet-mindshare and developer integrations Steam Exchange seeks across Ethereum, BSC, Base, and other EVM networks.
• Uniswap: The dominant EVM-based decentralized exchange. Directly comparable because Rails: Swap V3 offers the same wallet-directed token swap, staking, and farming flows that Uniswap pioneered, and the two compete for the same DeFi user base across EVM chains.
• PancakeSwap: Leading DEX on BNB Chain with swap, staking, farming, and a P2P market — a near-feature-mirror of Rails Network's product suite, and one of the primary destinations for the same retail DeFi user Steam Exchange targets.
• Trust Wallet: Multi-chain self-custody wallet supporting EVM and non-EVM networks. Comparable to Rails: Wallet in target buyer (individual crypto users) and chain coverage, and is a direct competitor for multi-chain wallet adoption.
• SushiSwap: Multi-chain DEX offering swaps, staking, and farming-style liquidity provision across EVM networks. Overlaps with Rails: Swap V3's wallet-directed swap/transport/staking/farming functionality and addresses the same DeFi persona.
• 1inch Network: DEX aggregator and wallet suite operating across EVM chains. Comparable because it competes head-on with Rails: Swap V3 and Rails: Wallet for multi-chain swap routing and self-custody wallet share.

Emerging players

• Phantom: Consumer-focused multi-chain wallet with strong brand and Solana/EVM/Bitcoin support. Comparable to Rails: Wallet in cross-chain ambition and target persona, and competes for the same mainstream self-custody user Steam Exchange targets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/Steam_Exchange
• GitHubgithub.com/SteamExchangeInc/Rails-Network-Blacklist/tree/main
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Steam Exchange