Fireblocks announced that it has raised $310 million in Series D funding round, bringing its valuation to over $2 billion — a significant milestone for the company.
The investment round is co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, which is the venture division of Siam Commercial Bank. This makes Siam Commercial Bank the third international bank to invest in Fireblocks besides BNY Mellon and SVB Capital.
We’re thrilled to be able to expand our company and infrastructure through this new injection of funds. The growth we’ve seen to date is a reflection of all parties involved, at every stage. As it stands, our technology has stood out in the space since the company was founded and its success rate has been evident. Looking ahead into the growth of the industry, there is massive potential for us to continue stepping in and being a trusted partner to financial institutions and other organizations looking to enter the space safely and seamlessly.
Michael Shaulov, CEO of Fireblocks
Since its establishment in 2019, Fireblocks accumulated a total of $489 million from top global VCs in the blockchain, fintech and cybersecurity space. The list includes Cyberstarts, Eight Roads, Tenaya Capital, Swisscom Ventures, Paradigm, Ribbit Capital, and Coatue.
The Fireblocks platform cultivates the diversification of digital asset use cases beyond bitcoin into payments, NFTs (non-fungible tokens), digital securities, gaming and more. Ultimately, it allows any businesses to enter the digital asset space.
Fireblocks’ technology can be private labeled for crypto custody solutions, which allows new and established financial institutions to implement direct custody without the assistance of third parties.
