Today, we’re excited to announce that Fireblocks has raised $310 million in Series D funding, co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC and SCB 10X, the venture arm of Thailand’s oldest bank, Siam Commercial Bank, whose investment marks the third global bank to invest in Fireblocks alongside BNY Mellon and SVB Capital. This extension of capital brings our valuation to a new milestone of over $2 billion.
Our $489 million fundraising total will help us continue building the platform for crypto-native and retail-facing financial services companies while also developing the industry-standard digital asset backend for traditional financial institutions (FIs).
500+ digital asset businesses launched
We’re honored to report that, in just 24 months, our team has helped launch or grow more than 500 digital asset businesses and reached $1 trillion in digital assets transferred.
“I don’t think we would have a scalable business without Fireblocks,” said Wilfred Daye, CEO at Enigma Securities. “We’re transacting in billions a month. A year ago, we were doing $10 million a month.”
As the future of digital assets and crypto goes beyond bitcoin, the Fireblocks platform is ready to support the next generation of digital asset businesses, including everything from payments and settlement solutions to digital securities, gaming, and NFTs.
Simplifying the transformation to blockchain-based markets
We’ve also extended the Fireblocks platform to support growing demand from the world’s leading banks and traditional FIs who have turned their attention to digital assets and crypto.
With the backing of organizations like BNY Mellon and SCB 10x, we’ve built out our customer success, compliance, risk management, and R&D to simplify the inherent complexities that come with entering the digital asset space.
“Fireblocks is the preferred choice by large and small institutions given that its platform allows them to offer their customers’ custom custody solutions instead of outsourcing critical capabilities,” said Mukaya (Tai) Panich, Chief Venture, and Investment Officer, SCB 10X. “We are an investor, partner, and customer of Fireblocks in multiple areas as we believe the Fireblocks Asset Transfer Network and its crypto custody infrastructure are world-class and are unparalleled in the digital asset space. As Thailand’s largest bank, we are looking forward to bringing Fireblocks’ solutions to future users in Southeast Asia.”
By streamlining the most complex aspects of digital asset adoption across security, compliance, risk, and operations, we’ve made it easy and accessible to enter the digital asset space and attain profitability in a wide array of product lines and services, such as:
Our latest update to the Fireblocks console has made it even easier for crypto veterans and newcomers alike to manage a digital asset business from the ground up.
The platform is easy to use and quick to implement, enabling our customers to keep up with highly competitive environments.
Maintaining performance and support for the next thousand digital asset businesses
We want to thank our customers, who have come to rely on the Fireblocks platform as a core part of their everyday business.
As we help launch and support the next wave of digital asset businesses, our newest funding round will ensure that our service reliability keeps pace with our accelerated growth as a company.
Part of the new funding will add more resources to customer success and, most importantly, R&D resources that extend the platform’s throughput, scalability, and performance.
We are working on a new and extensive program to simplify the interaction with the Fireblocks platform and its reliability as critical infrastructure to our clients.
“We’re thrilled to be able to expand our company and infrastructure through this new injection of funds. The growth we’ve seen to date is a reflection of all parties involved, at every stage,” said Michael Shaulov, CEO of Fireblocks. “As it stands, our technology has stood out in the space since the company’s inception, and its success rate has been evident. Looking ahead into the growth of the industry, there is massive potential for us to continue stepping in and being a trusted partner to financial institutions and other organizations looking to enter the space safely and seamlessly.”
