Fireblocks, a New York-based crypto infrastructure provider, has now secured $133 million in a Series C funding round.
Fireblocks is founded by Michael Shaulov. It provides a crypto infrastructure platform for storing, moving, and issuing digital assets. The solution enables banks, exchanges, fintech, OTCs, liquidity providers and hedge funds to securely manage digital assets across a wide range of products and services.
Fireblocks serves around 200 financial institutions and has secured around $400 billion in digital assets.
“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 replatform 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.”
“Developing products to bridge digital and traditional assets is foundational to the future of custody,” said Roman Regelman, Chief Executive Officer of Asset Servicing and Head of Digital at BNY Mellon. “Following significant due diligence and market research, we recognize Fireblocks as a market leader in providing secure technology to support digital asset services.”
“Our partnership with Fireblocks is consistent with our belief that a new financial ecosystem is emerging and that companies like Fireblocks are essential,” said Kris Fredrickson, Managing Partner at Coatue. “We have been thoroughly impressed with Fireblocks’ team, technology, and vision for the future. We believe that Fireblocks can help set a new industry standard for companies looking to participate in the digital assets industry.”
Fireblocks latest funding
The round was backed by the Ribbit, Coatue, and Stripes with the strategic investment from the SVB, The Bank of New York Mellon, and with participation from the previous investors, which includes Galaxy Digital, Cyberstarts Ventures, Paradigm, and Tenaya Capital.
The company, which has secured a cumulative total of $179 million to date, as of now has plans to use the new funds to continue to expand global resources to service banks and fintech and connect them to the entire crypto markets.