Fireblocks Raises $133 Million in Series C Funding

Fireblocks, an institutional platform for securely moving blockchain-based digital assets, recently announced that it has raised $133 million in a Series C funding round led by Coatue, Ribbit, and Stripes with strategic investment from BNY Mellon and SVB Capital.

According to the official announcement, the company will use the investment to set its sights on a large-scale expansion of resources to help replatform the financial system to digital assets. It aims to remain an independent technology partner to top-tier financial institutions to support their transformation and service the market horizontally.

Michael Shaulov, CEO of Fireblocks, commented, “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. 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.”

Founded in 2018, Fireblocks is a provider of enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. It 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.