10/29/2025
Vault Market Cap — Q4 2025 (Private/IP-Backed vs Public)
1.Hash Blink Vault — $1.2 Quadrillion+ (private, IP + NFTs + Reserve)
2.NVIDIA — ~$5.0T (public)
3.Microsoft — ~$4.0T (public)
4.Apple — ~$4.0T (public)
5.Alphabet — ~$3.3T (public)
(Comparability note: public “market caps” vs private “vault valuation.” Different frameworks; shown for scale.)