We’re proud to announce today that Fireblocks has officially raised $550 million in Series E funding. This brings our 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. We 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 Capital, will help us 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, we believe 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.
Helping you go from zero to crypto
We’ve now raised $1 billion in total, and our funding will be instrumental in empowering organizations around the world to thrive in the digital asset economy. To achieve that, we’ll continue to build self-service functionality, enable our customers to deploy the most innovative products, and invest in people who can help our clients on a global scale.
Giving users more control over their day-to-day operations with self-serve functionality
Last month, we introduced self-service features that give you a higher degree of control and convenience for your Fireblocks workspace, and we’re 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 we add 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.
Strengthening our secure infrastructure and global customer success
We’re continuing to strengthen our secure infrastructure to future-proof institutions for tomorrow’s operational and security challenges.
Our 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, we’re committed to delivering best-in-class customer support, and our latest funding will ensure that everyone has access to our industry-leading expertise 24/7.
Our Series E is another sign of the faith and trust that our customers, partners, and investors have in Fireblocks. We’re honored that you’ve come on this journey with us, and we can’t wait to show you what we have in store to take institutions of any size from zero to crypto.
