Paradigm and Galaxy Digital backed custodian of Fireblocks raised $ 133 million

Targeting institutional investors, blockchain startup Fireblocks has closed its $ 133 million Series C funding round. 

Today, we are thrilled to announce that Fireblocks has raised $ 133 million in Series C funding AND @BNY has committed to working with Fireblocks to shape the future of digital assets. 1/4

– Fireblocks (@FireblocksHQ) March 18, 2021

The round was attended by Ribbit Capital, Stripes, Coatue, as well as Galaxy Digital, Swisscom Ventures and Paradigm. They backed Fireblocks earlier in November. 

Silicon Valley Bank and BNY Mellon holding became the strategic investors of the current round. The latter announced in February plans to add operations with bitcoin and other cryptocurrencies to the list of services . The value of assets held by the bank is $ 41.1 trillion.

The total amount of funds raised by the company reached $ 179 million.

“Fintech startups and banks require not only storage and settlement infrastructure, but also the ability to create new directions of digital offerings. Investor support will help support the growth of the client base , ”said Mikhail Shaulov, CEO of Fireblocks.

Investors in the funding round see Fireblocks as an important link in the emerging digital asset industry.

“We are on the cusp of the biggest transformation the global financial system has ever seen. Solutions such as those developed by Fireblocks will play a critical role in driving innovation , ”said Mika Malka, managing director of Ribbit Capital.

We will remind, in March, the payment giant PayPal confirmed plans to acquire the infrastructure provider for the storage of cryptocurrencies Curv.

Previously focused on institutional custodian cryptocurrency Anchorage raised $ 80 million investment , and service Komainu received $ 25 million in a funding round of Serie A.

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