Web3 has a geography problem. The infrastructure that powers most decentralised applications still sits in US hyperscaler data centres, which is an awkward look for a technology that markets itself on the politics of decentralisation. For Web3 builders shipping into European or other regulated markets, the infrastructure substrate is increasingly a procurement question rather than a religious one.
OVHcloud and Alchemy announced a strategic relationship today aimed squarely at that procurement question. Alchemy — the Web3 developer platform behind roughly 70% of crypto applications and underpinning more than $4 trillion of annual on-chain transactions — will offer its multi-chain development platform on OVHcloud's bare-metal infrastructure, giving its customer base the option to run Alchemy's tooling and Supernodes blockchain engine on a European cloud foundation.
The deal is technically a multi-cloud expansion rather than a migration. Alchemy continues to operate on hyperscale offerings; OVHcloud is added as an interconnected layer that the company can route customers to, particularly in regions where regulation, data residency or cost economics make European bare metal the better answer. For Alchemy's institutional customers — which include JP Morgan, Robinhood, Visa, Stripe and Coinbase — that flexibility is the point.
Alchemy is one of the cornerstones of the blockchain industry. The team provides essential building blocks for the industry across a number of chains and ecosystems, offering unparalleled functionality including orchestration, dev tools, wallets and data for any blockchain-native design, development or hosting, especially businesses that require their infrastructure to be compliant with industry regulations. We're delighted to formally announce our relationship, and together, we will power the future of Web3.
Alchemy's framing is more directly commercial: customers want reliability at a sensible price, and the bare-metal economics of OVHcloud are what made the partnership work at scale.
Infrastructure is the thing most developers don't want to think about. Our customers range from startups shipping fast to institutions operating in highly regulated markets, like JP Morgan, Robinhood, Visa, Stripe and Coinbase and the common thread is they all need reliability and performance without overpaying for it. OVHcloud's bare metal foundation lets us deliver that across regions at a price point that actually makes sense for Web3 builders.
The history is worth knowing. The two companies have been working together since 2022, when OVHcloud helped Bware Labs deploy Blast, one of the fastest blockchain API platforms in production. Alchemy acquired Bware Labs in 2024, and that pre-existing technical relationship is what made the formal expansion straightforward. Alchemy also supported OVHcloud's blockchain startup accelerator earlier this year. The "strategic relationship" announced today is the codification of work that has been live for some time.
Two reservations. The European sovereignty argument cuts both ways for Web3: regulated institutional customers want it, but the developer mainstream has been comfortable with US-centric infrastructure for years and may not move at the pace OVHcloud's positioning implies. And bare metal is a sharper differentiator on cost than on capability — the pitch lands hardest with workloads that have predictable footprints and price-sensitive operators, less hard with the elastic, bursty workloads that hyperscalers have spent a decade optimising for.
Set against that, the deal is a useful datapoint in a broader pattern. European cloud capacity is increasingly being chosen for compliance, cost and political reasons by businesses that previously defaulted to US providers without thinking about it. Web3 is not the loudest example of that shift, but it is one of the more interesting ones, because the stated values of the technology and the practical geography of its infrastructure have been out of alignment for a long time.
Read more: ovhcloud.com · alchemy.com
