Today institutional digital asset custody firm Fireblocks announced a $133 million Series C funding, bringing total funds raised to $179 million. Coatue, Ribbit and Stripes led the investment round with Bank of New York Mellon as a strategic investor alongside Silicon Valley Bank as well as existing investors such as Swisscom Ventures.
“Fintechs and banks require not only a specialized custody and settlement infrastructure to ensure customers funds are safely managed, but a platform that enables new lines of digital offerings,” said Michael Shaulov, CEO of Fireblocks.
“While we have no plans to become a bank, we believe our infrastructure will lend itself perfectly to power an entirely new era of financial services.” Decentralized finance was explicitly mentioned in the announcement. And the reference to becoming a bank is a nod to competitor Anchorage which was recently awarded a federal banking charter and raised $80 million.
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