Fireblocks Raises $310 Million in Series D Funding Round at $2 Billion Valuation

New York-based Fireblocks, an institutional platform for securely moving blockchain-based digital assets, has raised $310 Million in Series D funding round, boosting its valuation to $2 billion.

The latest funding round was co-led by six investment firms, including Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB 10X, the venture arm of Thailand’s Siam Commercial Bank.

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The company will utilize the fresh funds to bring traditional assets and products to the blockchain. 

"Timing is everything and I think right now it’s the beginning of the real opportunity to do it. We have seen quite a lot of projects and essentially the technology and the appetite to do it has reached the most senior levels of those banks," commented Fireblocks’ CEO Michael Shaulov, "Our platform creates highly secure wallets for cryptocurrencies and digital assets where institutions can store their funds or their customer funds and also get security insurance."

Fireblocks claims to be already working with more than 70 banks at a worldwide level to lend them its infrastructure to manage cryptocurrency assets and to tokenize some of their assets for other purposes. 

Earlier this year, Fireblocks 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.