Fireblocks Raises $550 Million in Series E Round
Posted on 01/31/2022
Fireblocks Inc. is a New York-based digital asset and cryptocurrency custody platform for custodians, fintech, crypto exchanges, lending desks, super apps, and asset management firms. Fireblocks raised US$ 550 million in Series E funding. The funding round, co-led by D1 Capital Partners and Spark Capital with participation from General Atlantic, Index Ventures, Mammoth, CapitalG (Alphabet’s independent growth fund), Altimeter, Iconiq Strategic Partners, Canapi Ventures, and Parafi Growth Fund. The fund raise gives the company a valuation of over US$ 8 billion.
Existing investors in Fireblocks include Sequoia Capital, Coatue, Ribbit, Bank of New York Mellon, Paradigm, DRW Venture Capital, Tenaya Capital, and SCB10x. Fireblocks’ platform now supports more than 20 blockchains and 1,000 cryptocurrencies, and is powering digital asset use cases across trading, gaming, NFTs, digital securities, and payments that will allow more businesses, web 2.0 leaders and enterprises, including all financial institutions, to participate in the digital asset economy.
The Fireblocks Network, which connects members to the crypto capital markets ecosystem and enables instant settlements, is used by customers such as Bank of New York Mellon, Revolut, Galaxy Digital, Crypto.com, BlockFi, Deribit, eToro, CoinShares, SwissBorg, 3AC, B2C2 and more.
Keywords: ICONIQ Capital, LLC.
