Fireblocks Raises $133 Million in Series C Funding
New York: Fireblocks, announced today it has raised $133 million in Series C funding led by Coatue, Ribbit, and Stripes with strategic investment from The Bank of New York Mellon ( “BNY Mellon”) and SVB. The completion of this round of financing, which includes participation from previous investors, including Paradigm, Galaxy Digital, Swisscom Ventures, Tenaya Capital, and Cyberstarts Ventures, makes Fireblocks the most well-funded crypto infrastructure provider in the industry with a cumulative total of $179 million raised to date. With the new injection of funds from strategic investors, Fireblocks will continue to expand global resources to service the world’s biggest banks and fintech and connect them to the entire crypto capital markets.
With bitcoin topping $1 trillion in market value, banks and fintech around the world are faced with overwhelming demand from customers and investors to enable digital asset products and services. Now, Fireblocks will offer banks and traditional financial institutions the ability to seamlessly plug into the broader decentralized finance ecosystem and all of its market participants. Using Fireblocks’ platform, banks and fintech can rapidly deploy custody, tokenization, asset management, trading, lending, and payment solutions across public and private blockchain networks.
“Fintechs and banks require not only a specialized custody and settlement infrastructure to ensure customers’ funds are safely managed, but a platform that enables new lines of digital offerings,” said Michael Shaulov, CEO of Fireblocks. “While we have no plans to become a bank, we believe our infrastructure will lend itself perfectly to power an entirely new era of financial services. We are humbled to have the top VCs in Fintech, and the most important strategic partners support our mission to re-platform the financial ecosystem into digital assets. Their financial backing guarantees the long term stability, technology superiority, and service delivery to our exponentially growing customer base.”
Fireblocks began with serving crypto-native institutions and exchanges and has grown over the last three years to become the first and only institutional digital asset transfer and wallet network trusted to secure more than $400 billion assets for its customers. Strategic investor, BNY Mellon, the world’s largest asset servicer, announced earlier this year their commitment to accelerate the development of enterprise solutions to service the rapidly evolving digital asset space.
“Fireblocks has built the most powerful technology stack for anyone that’s looking to get into the digital asset business,” said Ken Fox, Founder and Managing Partner of Stripes Group. “Fireblocks is leading the breakthroughs in MPC wallets, settlement network, and access to DeFi and tokenization services. It has the versatility that banks and fintech need to continue competing in this market.”
