Fireblocks, a NYC-based crypto infrastructure provider, raised $133m in Series C funding.
The round was led by Coatue, Ribbit, and Stripes with strategic investment from The Bank of New York Mellon and SVB and participation from previous investors, including Paradigm, Galaxy Digital, Swisscom Ventures, Tenaya Capital and Cyberstarts Ventures.
The company, which has raised a cumulative total of $179m to date, intends to use the funds to continue to expand global resources to service banks and fintechs and connect them to the entire crypto capital markets.
Led by Michael Shaulov, CEO, Fireblocks provides a crypto infrastructure platform for moving, storing, and issuing digital assets. The solution enables banks, fintechs, exchanges, liquidity providers, OTCs and hedge funds to securely manage digital assets across a wide range of products and services. The technology consists of the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 200 financial institutions and has secured over $400 billion in digital assets. Fireblocks has an insurance policy that covers assets in storage & transit and offers 24/7 global support.