6 Go-to-Market Lessons from Blockpit’s Evolution in the Crypto Infrastructure Space

Discover key go-to-market insights from Blockpit’s journey from crypto tax solution to infrastructure provider. Learn how timing, regulation, and infrastructure-first thinking shaped their success strategy.

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6 Go-to-Market Lessons from Blockpit’s Evolution in the Crypto Infrastructure Space

6 Go-to-Market Lessons from Blockpit’s Evolution in the Crypto Infrastructure Space

Sometimes the best product strategy isn’t about building what customers want today, but what regulators will mandate tomorrow. In a recent episode of Category Visionaries, Blockpit CEO Florian Wimmer shared how his company transformed from a consumer tax tool into a crucial infrastructure provider for the crypto industry. Here are the key go-to-market lessons from their journey:

  1. Build Infrastructure That Becomes Essential

While many crypto startups chase consumer attention, Blockpit recognized the opportunity in building foundational infrastructure. “We had to build so much infrastructure, like the data crawling from the exchanges, the standardization, price data asset classification, the tax frameworks for different countries, that we actually started selling infrastructure,” Florian explains. This shift from consumer product to infrastructure provider wasn’t a pivot but an evolution driven by market demands.

  1. Use Regulation as a Growth Catalyst

Instead of viewing regulation as an obstacle, Blockpit saw it as a strategic advantage. “Regulation is our driver, not so much the crypto market,” Florian notes. By positioning themselves ahead of regulatory changes, they’re transforming from a nice-to-have into essential infrastructure. “Every crypto service provider will need to hand over the transaction data and tax information of all of their users to the respective government,” making their solution crucial for compliance.

  1. Let Partner Demand Drive Market Expansion

Rather than pursuing aggressive geographic expansion, Blockpit lets partner needs guide their growth. “We started Netherlands because we have a big partner there and they said like we need Netherlands and Belgium and this is attraction that you can expect through us,” Florian shares. This approach ensures built-in demand for new market entries while minimizing resource waste.

  1. Focus on Product Over Marketing

In a space crowded with crypto solutions, Blockpit takes a different approach to customer acquisition. “It’s mostly through the product,” Florian explains. “The interesting thing that we learned as well is like doing advertisements for cryptotech software is not that effective because either you have the issue and then you need a solution now.” Instead of heavy advertising, they focus on content and SEO to capture users actively seeking solutions.

  1. Time Your Market Entry Carefully

Perhaps the most crucial lesson from Blockpit’s journey is the importance of timing. “I think timing is really the challenge. I think we’ve definitely been too early founding five years ago, the need is just not there,” Florian reflects. However, being early allowed them to build robust infrastructure ahead of regulatory demands, positioning them perfectly for the incoming wave of compliance requirements.

  1. Think Beyond Initial Use Cases

Rather than staying focused on their initial tax reporting tool, Blockpit envisions becoming “a standard, a reporting standard for on chain and off chain data.” This broader vision shapes their product development and go-to-market strategy, focusing on building infrastructure that could become as fundamental to crypto as SAP is to traditional finance.

For founders building in regulated spaces, these lessons highlight the importance of looking beyond immediate market demands to spot larger infrastructure opportunities. Success isn’t always about building the most visible product – sometimes it’s about building the invisible infrastructure that makes an entire industry work.

As crypto markets mature and face increased oversight, Blockpit’s journey shows how understanding regulatory trends can shape product strategy. Their evolution from solving personal tax headaches to building industry-wide infrastructure demonstrates the power of thinking bigger about seemingly narrow problems.

For founders navigating similar territory, the message is clear: sometimes the biggest opportunities lie not in what end users see, but in the foundational infrastructure that powers an entire industry. As Florian puts it, their goal is to be “somewhere in the back end, nobody knows that it’s Blockpit but participating in every single transaction that’s done.”

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