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Palantir Expecting Big Things From New Crypto Security Software
An executive for the data analytics software company said he thinks Palantir’s Foundry product will be a “massive accelerant for crypto companies.”
Updated May 11, 2023, 4:11 p.m. Published Nov 9, 2021, 5:56 p.m.
Palantir Technologies (NYSE:PLTR) Chief Operating Officer Shyam Sankar said Tuesday he thinks the company’s new crypto software will be a “massive accelerant for crypto companies.”
- Earlier this year Palantir, a data analytics software company that was co-founded by billionaire Peter Thiel, released its Foundry software to serve the cryptocurrency market.
- “We are super excited about Foundry for crypto,” Sankar said on the company’s third-quarter earnings call, adding, “We think we’re going to be a massive accelerant for crypto companies.” He noted that the company’s clients are “welcome to pay us in crypto.”
- Palantir sees itself being a fit for crypto firms that require “industrialized compliance solutions.” The company said it is leveraging its anti-money laundering and know-your-customer expertise for potential crypto-exposed clients.
- In October, Palantir added blockchain data analytics firm Elementus to its Foundry for Builders Program, which provides startups with access to the flagship Foundry data intelligence software.
- Overall for the quarter, Palantir met earnings estimates and beat revenue estimates, but the growth in its government revenue fell short of analyst expectations. Palantir shares were trading 8.8% lower Tuesday at $24.40.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
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- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
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