Today digital asset custody startup Fireblocks confirmed it raised a $550m Series E funding at an $8 billion valuation, co-led by D1 Capital Partners and Spark Capital. In December, The Information reported a $400 million Series E round was in the works at the same valuation, so additional investors have joined since. This brings total funds raised by the startup to $1.039 billion.
The company’s first big claim to fame was attracting the largest conventional custodian BNY Mellon as a customer and investor. Other clients include Revolut, Galaxy Digital, Crypto.com, BlockFi, Deribit, eToro, CoinShares, 3 Arrows Capital and B2C2.
Except for BNY Mellon, these Fireblocks clients are the large next-generation institutions. And these are the ones with the volumes today. Those volumes bring experience and drive the platform forward.
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