TechFlow News — Institutional crypto custody provider Fireblocks has raised $550 million in an extended Series E round, bringing its valuation to $8 billion. The round was co-led by D1 Capital Partners and Spark Capital, with participation from General Atlantic, Index Ventures, Mammoth, CapitalG (Alphabet’s independent growth fund), Altimeter, and ParaFi Capital. Existing investors including Sequoia Capital, Coatue, Ribbit, BNY Mellon, Paradigm, and SCB10x also joined the round.
Founded in 2018, Fireblocks offers integrated cryptocurrency services for institutions, including custody, decentralized finance (DeFi) access, staking, and tokenization. The company says it currently safeguards $45 billion in assets, with over $2 trillion in crypto assets having been securely transferred through its platform. Clients include BNY Mellon, Revolut, Galaxy Digital, BlockFi, Deribit, eToro, CoinShares, Three Arrows Capital, and B2C2. When asked about IPO plans, Shaulov noted that Fireblocks is still young, and when the time comes, the company could tokenize its shares instead of pursuing a traditional IPO. (Source)
