Fireblocks Raises $550 Million at $8 Billion Valuation

Fireblocks is a cryptocurrency security provider for moving, storing, and issuing digital assets. The company focuses on the protection of digital assets transmission between counter brokers, exchanges, cold stores, and hot wallets.

The funding round was led by D1 Capital Partners and Spark Capital. Among other investors were General Atlantic, Mammoth, Index Ventures, Altimeter, CapitalG, Canapi Ventures, Iconiq Strategic Partners, and Parafi Growth Fund. Existing investors also participated in the round – Sequoia Capital, Ribbit, Coatue, Bank of New York Mellon, DRW Venture Capital, Paradigm, SCB10x, and Tenaya Capital.

Fireblocks, Israel, was founded by Idan Ofrat, Michael Shaulov, Pavel Berengoltz in 2018. Fireblocks platform lets exchanges, fintech, banks, hedge funds, OTCs, and liquidity providers manage digital assets in a secure way. The technology includes the Fireblocks Network and MPC-based Wallet Infrastructure. Now, Fireblocks has more than 800 institutional customers. “The adoption of cryptocurrencies across the financial and commercial sectors is going to accelerate in 2022, and Fireblocks’ mission is to be a strategic partner for these new market entrants.”, CEO Michael Shaulov. The money raised in the round will be used for clients’ support and innovation investments.

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