Fireblocks, a Tel Aviv, Israel and NYC-based enterprise platform for securing digital assets in transit, launched out of stealth mode with $16m in Series A funding.
Backers included Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState.
Led by Michael Shaulov, CEO and Co-Founder, Fireblocks is an enterprise-grade platform for financial institutions to streamline digital asset trading operations – without sacrificing security. It can securely transfer assets across exchanges, wallets, custodians, and counterparties and keep them readily available using patent-pending chip isolation security and MPC technology.
Customers, which count some of the largest institutional digital asset trading operators like Galaxy Digital, Genesis Global Trading and more, use the platform to safeguard the digital assets in its portfolio as it is moved across exchanges, OTCs, counterparties, hot wallets, and custodians.
Currently, Fireblocks is integrated with 15 digital asset exchanges and offers support for over 180 cryptocurrencies, tokens, and stablecoins.