The digital asset manager Fireblocks can look forward to more liquidity. In total, the company earns US $ 310 million.
Fireblocks is happy to receive a massive injection of funds. As the company sent yesterday Press release announced the crypto custodian is raising $ 310 million from a Series D funding. This also results in new company value (around 2 billion US dollars) that Fireblocks can more than triple – and thus further expand its status as a unicorn.
Both new and existing investors took part in the financing round. Among them are renowned tech venture capital such as Sequoia Capital, Stripes, Spark Capital, Coatue and DRW. The Thai Siam Commercial Bank also participated indirectly in the funding via SCB 10X. This means that Fireblocks can win over the third major bank alongside BNY Mellon and SVB Capital. Fireblocks CEO Michael Shaulov explains that the money will be used to grow further.
We are thrilled that we can expand our company and our infrastructure with this new injection of funds. The growth that we have seen so far is the result of the work of everyone involved who give everything in every phase.
Fireblocks CEO Michael Shaulov
Fireblocks – the object of desire
In general, tech companies that are dedicated to custody of crypto assets seem to have become coveted objects for large financiers. This is especially true for fireblocks. The total investment has almost doubled compared to the last financing round in March. Michael Shaulov on this:
Our technology has excelled in this field since the company was founded, and its track record is evident. With a view to the growth of the industry, there is enormous potential for us to continue to be a reliable partner for financial institutions and other organizations that want to enter this area safely and seamlessly.
Fireblocks CEO Michael Shaulov
Since its inception in 2019, Fireblocks has landed a total of $ 489 million. There was always support from well-known FinTech companies such as Cyberstarts, Eight Roads, Tenaya Capital, Swisscom, Paradigm, Ribbit Capital and Coatue.