Phantom Wallet CEO Brandon Millman recently shared on the Empire Podcast that the company has no plans to launch its own blockchain or pursue an IPO. Instead, Phantom will stay focused on the Solana ecosystem and continue building user-friendly products for everyday crypto users.
On the Empire podcast, Phantom Wallet CEO Brandon Millman said the company has no plans to launch its own blockchain or pursue an IPO, focusing instead on the Solana ecosystem and user-facing products. While Phantom has IPO potential, he said the company prefers to expand through…
— Wu Blockchain (@WuBlockchain) November 12, 2025
Committed to Solana
Phantom has become one of the most trusted wallets on Solana. While some companies create their own blockchains, Phantom believes staying on Solana offers more value to its users.
Millman said building a separate blockchain would take focus away from existing users. He highlighted Solana’s fast transactions and low fees as key reasons to remain loyal.
By keeping Solana at the center, Phantom supports developers, NFTs, and DeFi projects on the network. This focus makes the wallet simple to use and reliable for beginners and experienced users alike.
Millman emphasized that user experience is the priority. The team wants people to feel comfortable sending, receiving, and managing crypto without complications.
No IPO, Private Growth Instead
Even though Phantom has strong growth, Millman said the company does not plan to go public soon. An IPO might be considered in the future, but private funding is the current priority.
Phantom is backed by top investors such as a16z, Paradigm, and Sequoia Capital. These partnerships provide resources for expansion without the pressure of public markets.
Millman explained that avoiding an IPO helps the team stay flexible and focus on improving the wallet experience. He wants Phantom to grow steadily without being driven by short-term market expectations.
Simplifying Crypto for Users
Phantom’s strategy is clear, which is to make crypto easy. The wallet supports Solana, Ethereum, and Polygon, but Solana remains the core.
Recent updates include better NFT management, easier DeFi access, and clearer transaction interfaces. By focusing on usability, Phantom sets itself apart from other crypto wallets.
A Signal for Solana
Phantom’s loyalty sends a strong message to the market. While other companies chase new chains, Phantom is betting on Solana’s long-term success.
Solana’s growing developer community, low fees and increasing DeFi activity align with Phantom’s focus. If the strategy works, Phantom could become the default wallet for millions entering the Solana ecosystem.
The Future of Phantom Wallet
Phantom Wallet’s choice to avoid a blockchain launch or IPO shows clear focus. By sticking to Solana and improving user experience, the wallet strengthens its position in crypto. With strong investor support, a clear roadmap and steady product improvements, Phantom is building for sustainable growth within Solana rather than chasing hype.