Fireblocks Raises $550M in Series E at $8B Valuation

Fireblocks has officially raised $550 million in Series E funding. This brings its valuation to $8 billion, making Fireblocks the highest-valued digital asset infrastructure provider in the world.

It's a tremendous vote of confidence in the Fireblocks platform, coming on the heels of a highly successful year. The company reached some major milestones in 2021, growing from 150 customers to more than 800 customers, and surpassing $2 trillion in assets transferred.

This new capital infusion, co-led by D1 Capital Partners and Spark Capital, with participation from 10 new investors, including General Atlantic, Index Ventures, Mammoth, CapitalG, Altimeter, Iconiq Strategic Partners, Canapi Ventures, and Parafi Growth Fund, will help Fireblocks continue removing the complexity of working with digital assets.

Every business is going to be a crypto business one day

The global economy is embracing digital assets in a big way, and here at Fireblocks, Fireblocks believes that crypto adoption will significantly accelerate over the next year.

The numbers speak for themselves: 55 of the world's top 100 banks already have crypto and blockchain exposure, and nearly all are planning to expand their footprint in the digital asset landscape.

Moreover, 26% of U.S. households have investments in crypto, and that number is climbing swiftly. The enormous demand for crypto among consumers represents a huge market opportunity for financial services, corporates, fintech firms, new Web 3 businesses, exchanges, and other institutions.

"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," commented Michael Shaulov, CEO and Co-Founder of Fireblocks.

Helping you go from zero to crypto

Fireblocks has now raised $1 billion in total, and its funding will be instrumental in empowering organizations around the world to thrive in the digital asset economy. To achieve that, the company will continue to build self-service functionality, enable its customers to deploy the most innovative products, and invest in people who can help its clients on a global scale.

Giving users more control over their day-to-day operations with self-serve functionality

Last month, Fireblocks introduced self-service features that give you a higher degree of control and convenience for your Fireblocks workspace, and the company is going to continue expanding these features in the coming months.

These capabilities accelerate your onboarding experience, simplify day-to-day operations, and provide improved management over your assets and permissions, while benefiting from the security and stability of the Fireblocks platform.

Some of these new features include new user management controls to add or remove users directly from your workspace, reset two-factor authentication (2FA) settings, whitelist specific IP addresses, make changes to your Admin Quorum, and much more.

Enabling your competitive edge with fast deployment and shortest time to market

This year, you can expect to see support for a range of new use cases across trading, gaming, NFTs, digital securities, and payments, that will help you build innovative products and quickly deploy them to market. This will allow more businesses, web 2.0 leaders and enterprises, including all financial institutions, to participate in the digital asset economy.

What you already have access to is a connected institutional network that delivers swift and secure on-chain settlement, and a wallet infrastructure that gives enterprises better data protection and ease-of-use across any mix of warm, hot, and cold wallets.

As the company adds more flexibility and scalability options, enterprises will be able to deploy their innovative products and services quickly and efficiently, giving them a competitive advantage.

"The crypto industry has reached an inflection point with hyperscale levels of innovation and adoption. At CapitalG we are eager for consumers and institutions worldwide to reap the benefits of Web3's tremendous potential. 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," said David Lawee, Founder and General Partner of Fireblocks.

Strengthening its secure infrastructure and global customer success

Fireblocks is continuing to strengthen its secure infrastructure to future-proof institutions for tomorrow's operational and security challenges.

Fireblocks' multi-layer approach is designed to address the new requirements of the digital asset space, and incorporates MPC-CMP private key protection to remove single points of compromise, SGX key storage to prevent data extraction, and a policy engine that enables enterprises to set rules for how transactions are handled and approved.

As always, Fireblocks is committed to delivering best-in-class customer support, and its latest funding will ensure that everyone has access to its industry-leading expertise 24/7.

Its Series E is another sign of the faith and trust that its customers, partners, and investors have in Fireblocks. Fireblocks is honored that you've come on this journey with the company, and it can't wait to show you what it has in store to take institutions of any size from zero to crypto.