Digital Asset Firm Fireblocks Raises $30M to Gird for ‘Influx in Customer Dem...

Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led by Paradigm, with participation from Fireblocks’ existing investors – Galaxy Digital, Digital Currency Group, Cyberstarts, Tenaya Capital, Swisscom, and Cedar Hill Capital, according to a company statement. “With the new injection of capital, we will be able to continue to grow our....

Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent funding round, reaching a valuation of $2 billion. The company, which specializes in the custody of digital assets, is interested in bringing traditional assets to the blockchain realm. Fireblocks expects this trend of digitalization to keep growing in the recent future. Fireblocks Raises $310 Million in Series D Funding Round Fireblocks, a custody and blockchain infrastructure company, raised $310 million in its Series D funding round. The new investment took the valuation of the company to $2.2 billion,....

Digital asset custody service provider Fireblocks has announced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks’ first, comes less than three weeks after the company revealed it raised $550 million in Series E funding. Fireblocks’ $8 Billion Valuation Fireblocks, a digital asset custody firm, is set to acquire the stablecoin payment platform First Digital for $100 million, a report has said. The acquisition, when consummated, will enable Fireblocks to bolster the capabilities of its current payment....

BNY Mellon, the oldest bank in the United States, continues to aggressively invest in the digital asset industry. According to a March 18 report by the Wall Street Journal, cryptocurrency startup Fireblocks has raised $133 million in a Series C funding round featuring BNY Mellon as well as hedge-fund firm Coatue Management, venture-capital firm Ribbit Capital, and Stripes.BNY Mellon’s strategic investment in Fireblocks is reportedly part of the bank’s plans to implement Fireblocks’s technology in its upcoming crypto custody platform. As previously reported, BNY Mellon officially announced....

The addition of the Coinbase co-founder to Fireblocks’ board followed a $30 million funding round. Digital asset security platform Fireblocks announced that it would be adding Fred Ehrsam to its board following a recent funding round.In a Nov. 18 statement, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the firm as a board member after a $30 million funding round to expand its global operations. Ehrsam left Coinbase in 2017 and went on to co-found crypto investment firm Paradigm.“Fireblocks has become the go-to for any business looking to build new....