The round is co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, the venture arm of Thailand’s bank, Siam Commercial Bank. This extension of capital marks a milestone for Fireblocks, boosting the company’s valuation to over USD 2 billion.
The Fireblocks platform propagates the expansion of digital asset use cases into payments, gaming, NFTs, digital securities and allows businesses to become a digital asset company. Fireblocks’ technology can be white labeled for crypto custody solutions, allowing new and established financial institutions to implement direct custody on their own.
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