Fireblocks, a NYC-based platform that enables the entry of traditional institutions into the digital asset space, raised $310m in Series D funding at a $2 billion valuation.
The round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, the venture arm of Thailand’s Siam Commercial Bank.
The company, which has raised a cumulative total of $489 million since founding, intends to use the funds to scale all business lines, adding more customers and partners to its ecosystem.
Launched in 2019 and led by Michael Shaulov, CEO, Fireblocks Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. It enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Its platform propagates the expansion of digital asset use cases beyond bitcoin into payments, gaming, NFTs, digital securities and allows any business to become a digital asset business. The technology can be white labeled for crypto custody solutions, allowing new and established financial institutions to implement direct custody on their own without having to rely on third parties.
Expanding its services globally, Fireblocks now supports many of the world’s biggest banks in addition to leading crypto-native exchanges, lending desks, hedge funds, OTC desks, and market makers like Revolut, BlockFi, Celsius, PrimeTrust, Galaxy Digital, Genesis Trading, crypto.com, eToro and others.