Popular

Crypto infrastructure firm Fireblocks scores $2 billion valuation with $310 million Series D

advertisement

Fireblocks, which provides custody and other digital assets-related services for the institutional crowd, has raised $310 million in a Series D funding round.

The latest funding round — Fireblocks has raised two earlier rounds since mid-November — mints Fireblocks as the latest crypto unicorn with a valuation of $2 billion, according to Tuesday's announcement. To date, Fireblocks has raised $489 million in venture 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,” Michael Shaulov, Fireblocks' CEO, said in a statement.

The co-leaders of the round included an array of notable investors, including Sequoia Capital, Coatue Management, Stripes, Spark Capital, DRW VC, and SCB 10X, the venture arm of Siam Commercial Bank. 

In a statement, SCB 10x revealed that it is "an investor, partner and customer of Fireblocks in multiple areas."

"As Thailand’s largest bank, we are looking forward to bringing Fireblocks’ solutions to future users in Southeast Asia," Mukaya (Tai) Panich, Chief Venture and Investment Officer for SCB 10x, was quoted as saying.

That Fireblocks would attract major investors is perhaps unsurprising, given the continued interest in infrastructure companies working in the industry today. Recent custody-focused funding rounds include Copper ($50 million with a $25 million extension led by Alan Howard) and Ledger ($380 million).

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

SEC said to allow first bitcoin futures ETF to trade in US: report

The U.S. Securities and Exchange Commission is said to be allowing the first Bitcoin futures exchange-traded fund (ETF), per a Bloomberg report. The publication said in a report on Thursday night that the U.S. regulator “isn’t likely to block the products from starting to trade next week,” citing people familiar with the matter. The report […]
Read Full Story
Oct 15, 2021, 2:54AM UTC
More