Crypto

Founders, Builders & Educators: Influential Leaders Shaping India’s Rapidly Growing Cryptocurrency Ecosystem – The Logical Indian

Published

2 months ago

March 12, 2026

Founders, Builders & Educators: Influential Leaders Shaping India’s Rapidly Growing Cryptocurrency Ecosystem – The Logical Indian

India’s growing cryptocurrency ecosystem has drawn global attention, with the country ranking first in the 2025 Global Crypto Adoption Index published by Chainalysis.

The rise reflects increasing retail participation, expanding trading platforms, and a wave of entrepreneurs building exchanges, media outlets, and blockchain infrastructure despite years of regulatory uncertainty. Several founders have emerged as key figures shaping how Indians access information about digital assets and participate in the evolving crypto market.

Here are some of the crypto news and platform founders who have played notable roles in shaping India’s digital asset ecosystem.

Naimish Sanghvi: Founder, Coin Crunch India

Naimish Sanghvi left a corporate role at Deloitte to build something the Indian crypto community desperately needed: reliable, unbiased news.

He launched Coin Crunch India in 2018. The platform quickly became a go-to destination for blockchain news, regulatory updates, and in-depth analysis. At a time when mainstream media either ignored or sensationalized crypto, Coin Crunch filled the gap with verified reporting and clear-headed commentary.

Sanghvi’s focus on consumer protection and transparent journalism has earned him trust among both first-time investors and industry veterans. His work continues to shape how Indians understand and engage with digital assets.

Why he matters: He built India’s most credible crypto news brand at a time when the space had almost none.

Nischal Shetty: Founder, WazirX and Co-Founder, Shardeum

Few names carry as much weight in Indian crypto as Nischal Shetty.

He founded WazirX in 2018 alongside Samir Mhatre and Siddharth Menon. The exchange grew into one of India’s most active crypto trading platforms, boasting over 15 million users. After the RBI issued a banking ban on crypto transactions, Shetty launched the #IndiaWantsCrypto campaign. That campaign sustained public pressure until the Supreme Court declared the ban unconstitutional in 2020.

Shetty is also a Forbes 30 Under 30 alumnus. He later co-founded Shardeum, a Layer 1 blockchain designed for high throughput using dynamic sharding. In 2024, he co-launched Pi42, a crypto-INR futures exchange built to help traders avoid the burden of India’s 1% TDS on crypto transactions.

Why he matters: He fought for the legal right to trade crypto in India. Then he kept building infrastructure for the next decade.

Sumit Gupta: Co-Founder and CEO, CoinDCX

Sumit Gupta co-founded CoinDCX with a clear mission: make crypto accessible and trustworthy for every Indian.

CoinDCX now serves over 16 million registered users and is one of India’s most trusted crypto exchange platforms. Gupta has consistently championed responsible innovation. He advocates for transparent regulation and puts investor education at the center of his platform’s identity.

His commentary on India’s regulatory landscape is widely followed. He approaches market development with a focus on building long-term trust rather than chasing short-term volume.

Why he matters: He helped turn crypto investing into a credible financial activity for millions of mainstream Indian users.

Ashish Sukhadeve: Founder and CEO, Analytics Insight

Ashish Sukhadeve built one of India’s most widely read crypto and emerging tech media platforms through Analytics Insight. While others were busy setting up shops to buy and sell coins, he took a different path. He saw that people didn’t just need a place to trade; they needed to understand what they were actually buying.

He built an influence engine. Analytics Insight today covers crypto, blockchain, AI, fintech, and emerging technologies with a strong global readership. Under his leadership, the platform positioned itself at the intersection of digital assets and future tech, giving crypto coverage a broader economic and innovation context.

What sets Sukhadeve apart is scale and vision. Most platforms focus only on price movements or exchange updates. However, he expanded coverage to include Web3 startups, token ecosystems, enterprise blockchain adoption, regulation shifts, and global market trends. That wider lens helped global readers understand how crypto fits into the larger technology revolution.

Why he matters: He transformed crypto reporting from niche coverage into a mainstream tech intelligence platform. Analytics Insight today is one of the most influential crypto and emerging tech media brands catering to audiences worldwide.

Ashish Singhal: Founder and CEO, CoinSwitch

Ashish Singhal built CoinSwitch around a simple idea: make crypto easy enough for anyone to use.

The platform’s clean interface and beginner-friendly design helped onboard millions of first-time investors. CoinSwitch became India’s second crypto unicorn in 2021, valued at $1.9 billion after a successful Series C round. A Q2 2025 report from CoinSwitch showed that people under 35 now make up roughly 72% of India’s crypto investors, a demographic Singhal helped bring into the space.

He has spent years proving that simplicity is a competitive advantage in a market known for complexity.

Why he matters: He made crypto less intimidating for a generation of new investors in India.

Jaynti Kanani: Co-Founder, Polygon

Jaynti Kanani came from a background in data science and product engineering. That practical foundation shaped everything he built.

He co-founded Polygon, formerly known as Matic Network, to solve one of Ethereum’s most persistent problems: slow speeds and high transaction fees during peak demand. Polygon offered faster and cheaper transactions at scale. Global brands, Web3 developers, and enterprise applications adopted it in large numbers.

Polygon stands as one of India’s most significant contributions to global blockchain infrastructure. The MATIC token surged in value as adoption grew. Kanani’s approach combined deep technical knowledge with a clear understanding of what developers and users actually needed.

Why he matters: He put India on the global blockchain infrastructure map with a product that millions of developers use daily.

Sandeep Nailwal: Co-Founder, Polygon

Sandeep Nailwal co-founded Polygon alongside Kanani and has been one of its most visible public voices.

He has championed blockchain education and community growth with equal energy. Beyond his technical contributions, Nailwal became known internationally for his humanitarian work during the COVID-19 crisis in India. He raised tens of millions of dollars in crypto donations for pandemic relief through the Crypto Relief Fund.

His combination of entrepreneurial execution and public service made him one of the most respected figures in Web3 globally.

Why he matters: He showed that crypto founders could drive both technological impact and meaningful social impact at the same time.

Kashif Raza: Co-Founder, Bitinning

Kashif Raza identified a problem that most crypto founders overlooked: education.

He co-founded Bitinning to teach beginners the fundamentals of crypto without overwhelming them. Through YouTube, community programs, and practical workshops, he breaks down wallet safety, market structure, risk management, and basic blockchain concepts into digestible lessons.

His approach focuses on empowering everyday people to participate in crypto with confidence rather than fear. That mission has made him one of the most trusted educators in India’s crypto community.

Why he matters: He serves the largest and most vulnerable segment of Indian crypto users: the beginners who have no one else to guide them.

Balaji S. Srinivasan: Former CTO, Coinbase (Indian-American)

Balaji Srinivasan is an Indian-American entrepreneur whose influence on global crypto thinking is enormous.

He co-founded 21.co, a Bitcoin startup that evolved into Earn.com. Coinbase acquired Earn.com and appointed Srinivasan as CTO. Before crypto, he co-founded Counsyl, a genomics startup whose DNA screening technology now reaches 3% of all births in the United States.

Srinivasan’s intellectual output on decentralization, network states, and the future of governance has influenced founders and investors worldwide. His prolific writing and podcasting make him one of the most original thinkers to emerge from the Indian tech diaspora.

Why he matters: His ideas about decentralized systems have shaped how a generation of builders thinks about the future of crypto and society.

Naval Ravikant: Co-Founder, AngelList and MetaStable Capital (Indian-American)

Naval Ravikant was born in New Delhi and built a career that bridges Silicon Valley and the blockchain world.

He co-founded AngelList, a platform that transformed how startups connect with angel investors. He made early investments in Uber, Twitter, and Postmates. In 2014, he co-founded MetaStable Capital, a hedge fund focused on Bitcoin, Ethereum, and other digital assets.

Ravikant’s thinking on wealth, technology, and individual sovereignty has been widely shared through his podcast and writing. He sees blockchain as a tool for financial independence and a challenge to centralized financial systems.

Why he matters: His early belief in Bitcoin and blockchain helped legitimize the space for mainstream investors and tech founders globally.

The Bigger Picture

India now leads the Chainalysis Global Crypto Adoption Index across all subindices, including retail, centralized services, DeFi, and institutional activity. That position reflects the work of founders who built real products, fought for clearer regulation, and educated millions of users over many years.

The next chapter of India’s crypto story will be written by this generation of builders and those they inspire. The founders on this list are not just news sources or exchange operators. They are architects of a financial ecosystem that is still being constructed.

Watching what they build next is the best reason to follow crypto news from India.

Crypto

ADI Foundation and Settlemint Launch ADGM Tokenization Rail for $30.9B RWAs

Published

2 hours ago

May 14, 2026

Press Room

ADI Foundation and Settlemint Launch ADGM Tokenization Rail for .9B RWAs

Integrated Infrastructure for Institutional Adoption

ADI Foundation and Settlemint announced a partnership on May 13 to launch a new digital securities infrastructure on the ADI Chain, aiming to streamline the tokenization of assets within the Abu Dhabi Global Market (ADGM) regulatory framework.

The collaboration integrates ADI Foundation’s compliance-ready Layer-2 blockchain with Settlemint’s digital asset lifecycle platform (DALP). The combined system is designed to handle the entire lifespan of a digital security, from initial token creation and on-chain recording to post-trade servicing and management.

The move addresses a primary hurdle for institutional investors: the difficulty of coordinating issuance, trading, settlement, and custody across fragmented jurisdictions. By providing an integrated architecture, the partners aim to offer a unified pathway for institutions to move traditional assets onto the blockchain.

“The future of investment and trading will not only be digitized, but also available 24 hours a day, 7 days a week,” said Andrey Lazorenko, CEO of ADI Foundation. “Our partnership brings together market infrastructure, institutional-grade blockchain, and a digital asset lifecycle platform to tokenize equities and trade them on secondary platforms.”

According to a media statement, the platform utilizes Settlemint’s implementation of the ERC-3643 standard—a protocol specifically designed for security tokens to ensure compliance with regulatory requirements. While the partnership is initially focusing on equity tokenization, the infrastructure is built to support a variety of other tokenized securities and financial instruments, pending regulatory approval.

The announcement comes as institutional interest in real-world assets ( RWAs) on-chain continues to accelerate. According to data from RWA.xyz, tokenized RWAs currently represent approximately $30.92 billion in on-chain value, with tokenized U.S. Treasuries accounting for roughly $15.20 billion of that total. Market analysts expect this trend to scale significantly. A 2026 analysis by BCG suggests the digital asset market could surge from $0.6 trillion in 2025 to $18.9 trillion by 2033.

Matthew Van Niekerk, co-founder and president of Settlemint, characterized the partnership as a “blueprint” for the broader financial industry.

“This partnership proves that regulated, multi-asset tokenization at national scale on public blockchains is not just feasible, but live,” Van Niekerk said. He added that the infrastructure is intended to be a model that central securities depositories (CSDs), exchanges, and clearing houses can adopt to integrate digital assets into existing operations.

Crypto

BlackRock COO: Cryptocurrency Demand Surpasses Firm’s Expectations, Signaling a Shift in Value

Published

14 hours ago

May 13, 2026

Press Room

BlackRock COO: Cryptocurrency Demand Surpasses Firm’s Expectations, Signaling a Shift in Value

BlackRock Chief Operating Officer Rob Goldstein revealed that demand for cryptocurrency has significantly exceeded the firm’s initial projections, marking a notable shift in institutional sentiment toward digital assets. Speaking during a Binance online stream, Goldstein addressed the market’s reception of BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, and outlined the asset manager’s broader strategic outlook on blockchain-based finance.

Demand Driven by Value Proposition, Not Speculation

Goldstein emphasized that the global demand for IBIT was stronger than anticipated, describing the interest not as fleeting speculative enthusiasm but as a recognition of a new value proposition rooted in emerging technology. He noted that investors are increasingly viewing cryptocurrency as a distinct asset class with potential for long-term portfolio diversification, rather than a short-term trading vehicle. This perspective aligns with BlackRock’s broader push to integrate digital assets into traditional investment frameworks.

Tokenization and the Future of Capital Markets

Goldstein predicted that the tokenization of capital market instruments remains in its early stages, with future growth expected to be measured in multiples rather than incremental percentages. He argued that blockchain infrastructure could fundamentally reshape how assets are issued, traded, and settled, reducing friction and increasing transparency. This view is consistent with growing industry interest in real-world asset (RWA) tokenization, a trend that major financial institutions are beginning to explore.

AI Agents and Digital Rail Transactions

In a forward-looking comment, Goldstein suggested that artificial intelligence agents will eventually conduct transactions directly via digital rails, or blockchain infrastructure, rather than logging into traditional bank accounts. This vision points to a future where automated systems interact with decentralized finance protocols, potentially streamlining operations across supply chains, payments, and asset management. While still conceptual, the statement underscores BlackRock’s attention to the convergence of AI and blockchain technologies.

The Education Gap Remains a Key Obstacle

Goldstein identified the primary barrier to broader adoption as a lack of investor education regarding the technical aspects of virtual assets and efficient portfolio allocation. Many institutional and retail investors remain uncertain about how to evaluate cryptocurrencies, assess risks, and integrate them into existing investment strategies. BlackRock’s emphasis on education suggests that the firm sees informed participation as critical to sustainable market growth.

Conclusion

BlackRock’s acknowledgment that cryptocurrency demand has exceeded expectations carries significant weight, given the firm’s status as the world’s largest asset manager with over $10 trillion in assets under management. Goldstein’s comments reflect a maturing institutional perspective that views digital assets not as a passing trend but as a structural evolution in finance. For investors, the key takeaway is that major financial players are moving beyond skepticism and actively building infrastructure for a tokenized future, even as educational gaps persist.

FAQs

Q1: What did BlackRock’s COO say about cryptocurrency demand?
Rob Goldstein stated that demand for cryptocurrency, particularly through BlackRock’s IBIT Bitcoin ETF, has exceeded the firm’s expectations, driven by a recognition of its value as an emerging technology rather than mere speculation.

Q2: What is BlackRock’s view on tokenization?
Goldstein described tokenization of capital market tools as still in its infancy, with future growth expected to be exponential. He believes blockchain infrastructure will play a key role in transforming how assets are managed and traded.

Q3: What is the biggest obstacle to cryptocurrency adoption according to BlackRock?
The main challenge is a lack of investor education on the technical aspects of virtual assets and how to allocate them effectively within a portfolio, according to Goldstein.

Crypto

MEXC Commits to 1,000 BTC Purchase as Guardian Fund Targets $500M Expansion

Published

1 day ago

May 13, 2026

Press Room

MEXC Commits to 1,000 BTC Purchase as Guardian Fund Targets 0M Expansion

Key Takeaways

BTC and USDT to Serve as Dual Reserve System for Market Stability

Crypto exchange MEXC is deepening its focus on reserve strength and user protection, announcing plans to expand its Guardian Fund fivefold to $500 million and acquire 1,000 bitcoin as part of a broader risk management strategy.

The exchange said the initiative will be rolled out over the next two years and is designed to create a dual-reserve structure combining liquid stablecoin holdings with long-term BTC reserves. The framework is intended to bolster platform stability and improve resilience during periods of market stress.

The announcement comes as MEXC continues to attract new capital and users. According to data from Defillama, the exchange recorded $271.6 million in net inflows over the past month through May 11, reflecting increased trading activity and participation across global markets.

Under the revised structure, the Guardian Fund will continue to hold significant USDT reserves to ensure immediate liquidity and operational flexibility. The addition of bitcoin is intended to provide a longer-term store of value capable of preserving purchasing power across market cycles.

Transparency Remains Key for MEXC

MEXC said the strategy is part of a disciplined reserve management approach rather than a reaction to short-term volatility. The company framed the expansion as an effort to build infrastructure comparable to institutional-grade financial safeguards increasingly expected in the digital asset industry.

“Trust has to be capitalized, not just claimed. The expansion of the Guardian Fund and the addition of bitcoin reserves reflect our commitment to building protection infrastructure that helps users access infinite opportunities with greater confidence,” CEO Vugar Usi said in a statement.

The exchange also emphasized transparency. Wallet addresses tied to the Guardian Fund’s USDT and bitcoin holdings have been disclosed publicly, allowing users to verify reserve balances on-chain in real time. The move highlights a broader trend among large trading platforms seeking to differentiate themselves through stronger balance sheets and more visible proof-of-reserves mechanisms.

For MEXC, the Guardian Fund expansion forms part of a wider push to position itself as a global platform capable of supporting long-term growth. The company said the initiative aligns with its broader strategy of improving transparency, strengthening risk management, and protecting users during periods of heightened market uncertainty.