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About Bankless
Bankless, founded in 2020 by David Hoffman and Ryan Sean Adams, began as a newsletter and podcast advocating for self-custody and DeFi as alternatives to traditional banking. Over six years, it grew into one of the most influential crypto media brands, with 280K YouTube subscribers, 350K newsletter readers, and top-rated podcasts. Key milestones include: 2021 - Launch of Bankless DAO with governance token BANK, pioneering community-driven content and DAO 2.0 governance experiments; 2023 - Establishment of Bankless Ventures, deploying $500M across 30+ DeFi projects, transitioning from pure content to capital and technology; 2024 - Release of Bankless Wallet supporting cross-chain asset management, expanding into financial infrastructure. In 2026, the platform underwent a major transition: co-founder David Hoffman liquidated all ETH holdings, Ryan Sean Adams announced the end of Bankless' first phase, and most of the team was laid off without public acknowledgment. Adams stepped into a supporting role while Hoffman took full control, signaling a shift away from Ethereum-centric content toward broader crypto narratives. This transition reflects the maturation of Ethereum's narrative ecosystem, where institutional players like BlackRock and Bitwise have largely replaced media evangelists as primary value communicators.
Over the past six months, Bankless announced a landmark onchain IPO, issuing 230,000 tokenized equity shares at $300 each exclusively on the Canton Network, pending regulatory approval. The move aims to deepen community ownership. Bankless was also selected as a Super Validator on Canton Network, alongside Visa, allowing it to permissionlessly shape protocol changes. Going forward, Bankless emphasizes advancing community-owned media and actively participating in Canton's governance as a Super Validator.
Co-founders and current core executives:
Ryan Sean Adams: Founder of Bankless, currently General Partner at Bankless Ventures. Previously founder of Mythos Capital and VP of Integrated Platform & Analytics at Premier Inc. Studied at Brock University.
David Hoffman: Co-founder and Co-owner of Bankless, currently General Partner at Bankless Ventures. Previously COO at RealT and blockchain researcher at New Alchemy and Bunker Capital. Studied at Chapman University.
Bankless has recently seen a team change: Jean-Paul Faraj, Business Development Lead, departed in May 2026. He joined in July 2025, serving for about 10 months. His Twitter is https://x.com/Web3zy and LinkedIn is https://www.linkedin.com/in/jean-paul-faraj/. No other team changes are known at this time.