Fireblocks Raises $133 Million in Collection C Funding To Carry the World’s Largest Banks and Fintechs Into Crypto


NEW YORK, March 18, 2021 /PRNewswire/ — Fireblocks (www.fireblocks.com), introduced as we speak it has raised $133 million in Collection C funding led by Coatue, Ribbit, and Stripes with strategic funding from The Financial institution of New York Mellon ( “BNY Mellon”) and SVB. The completion of this spherical of financing, which incorporates participation from earlier buyers, together with Paradigm, Galaxy Digital, Swisscom Ventures, Tenaya Capital and Cyberstarts Ventures, makes Fireblocks probably the most well-funded crypto infrastructure supplier within the trade with a cumulative complete of $179 million raised to this point. With the brand new injection of funds from strategic buyers, Fireblocks will proceed to increase world sources to service the world’s greatest banks and fintechs and join them to all the crypto capital markets.

With bitcoin topping $1 trillion in market worth, banks and fintechs around the globe are confronted with overwhelming demand from prospects and buyers to allow digital asset services. Now, Fireblocks will supply banks and conventional monetary establishments the power to seamlessly plug into the broader decentralized finance ecosystem and all of its market contributors. Utilizing Fireblocks’ platform, banks and fintechs can quickly deploy custody, tokenization, asset administration, buying and selling, lending and cost options throughout private and non-private blockchain networks.

“Fintechs and banks require not solely a specialised custody and settlement infrastructure to make sure prospects funds are safely managed, however a platform that allows new strains of digital choices,” mentioned Michael Shaulov, CEO of Fireblocks. “Whereas we’ve got no plans to develop into a financial institution, we imagine our infrastructure will lend itself completely to energy a completely new period of monetary providers. We’re humbled to have the highest VCs in Fintech, and a very powerful strategic companions assist our mission to replatform the monetary ecosystem into digital belongings. Their monetary backing ensures the long run stability, expertise superiority and repair supply to our exponentially rising buyer base.”

Fireblocks started with serving crypto-native establishments and exchanges, and has grown during the last three years to develop into the primary and solely institutional digital asset switch and pockets community trusted to safe greater than $400 billion belongings for its prospects. Strategic investor, BNY Mellon, the world’s largest asset servicer, introduced earlier this yr their dedication to speed up the event of enterprise options to service the quickly evolving digital asset area.

“Creating merchandise to bridge digital and conventional belongings is foundational to the way forward for custody,” mentioned Roman Regelman, Chief Government Officer of Asset Servicing and Head of Digital at BNY Mellon. “Following vital due diligence and market analysis, we acknowledge Fireblocks as a market chief in offering safe expertise to assist digital asset providers.”

“Our partnership with Fireblocks is per our perception {that a} new monetary ecosystem is rising and that firms like Fireblocks are important,” mentioned Kris Fredrickson, Managing Companion at Coatue. “We’ve been completely impressed with Fireblocks’ staff, expertise, and imaginative and prescient for the long run. We imagine that Fireblocks will help set a brand new trade normal for firms trying to take part within the digital belongings trade.”

“We’re standing on the cusp of the largest transformation that the world’s monetary system has ever seen,” mentioned Micky Malka, Managing Director of Ribbit Capital. “Fireblocks is standing proper on the forefront of this revolution, and we imagine that their expertise will play a essential position in driving super innovation within the monetary sector for many years to come back. We’re excited to hitch their staff and assist gas their thrilling journey forward.”

“Fireblocks has constructed probably the most highly effective expertise stack for anybody that is trying to get into the digital asset enterprise,” mentioned Ken Fox, Founder and Managing Companion of Stripes Group. “Fireblocks is main the breakthroughs in MPC wallets, settlement community and entry to DeFi and tokenization providers. It has the flexibility that banks and fintechs have to proceed competing on this market.” 

About Fireblocks
Fireblocks is a number one enterprise-grade platform delivering a safe infrastructure for shifting, storing, and issuing digital belongings. Fireblocks allows banks, fintechs, exchanges, liquidity suppliers, OTCs and hedge funds to securely handle digital belongings throughout a variety of services. The expertise consists of the Fireblocks Community and MPC-based Pockets Infrastructure. Fireblocks serves over 200 monetary establishments and has secured over $400 billion in digital belongings. Fireblocks has a singular insurance coverage coverage that covers belongings in storage & transit and gives 24/7 world assist. For extra info, please go to www.fireblocks.com.

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