The platform will use the funds to scale up its digital asset management solutions for institutions.
New Investment for Fireblocks
Digital assets security platform, Fireblocks, has amassed $550 Million in its seed fund campaign. The Series E campaign will enable Fireblocks to expand its capacity to help businesses securely get exposure to digital assets and cryptocurrencies.
The fresh investment inflow took the company’s valuation to $8 billion – the world’s highest for a digital asset infrastructure provider. Fireblocks announced the results of the Series E in a tweet and a press release on January 27. The group looks excited to help onboard the world of tradition finance and traditional purchasing power to digital assets by removing the complexity of the nascent technologies.
“Everything that’s happening at the cross-section of DeFi, NFTs, gaming, streaming, and entertainment will be the biggest emerging use cases in the next year and a half. People need to think about infrastructure that’s future-proof to layer more providers into the stack. You want to be agile, and consider whether the platform you’re selecting offers the security, custody, and control over assets that can apply to these use cases,” said Michael Shaulov, CEO and Co-Founder of Fireblocks.
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More than ten notable venture capitalists contributed to the seed round, including D1 Capital Partners, Spark Capital, CapitalG, Mammoth, and Parafi Growth Fund. After Fireblocks’ successful performance in 2021, the good turnout of investors in this seed round suggests that Fireblocks’ credibility in the eyes of investors is growing:
“Fireblocks is serving an important role as the gatekeeper unlocking access to the digital asset economy for institutions of all types and sizes. We’re excited to support them on their important journey,” remarked David Lawee, Founder of CapitalG.
Fireblocks believes that with the rate at which the adoption of crypto is expanding globally, every business will be a crypto business someday. The platform will use the fresh injection of capital to scale up its infrastructure and further its agenda of helping businesses become players in the digital assets market.
What is Fireblocks?
Fireblocks is a digital assets security company. It was founded in June 2019, and provides a secure infrastructure for financial institutions and other businesses to move, store, and issue digital assets.
Winner of the 2020 Hottest Blockchain Startups award, Fireblocks currently secures more than $215 billion worth of digital assets monthly. Over 800 financial institutions rely on Fireblocks to manage their digital asset operations, and the numbers are growing.
To learn more about Fireblocks, visit:
Source : bsc.news
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