The Information reported that digital asset custody firm Fireblocks raised a $400 million Series E round that includes participation from Sequoia Capital. Fireblocks has some high profile institutional clients, including the largest mainstream custodian BNY Mellon which previously invested, and cryptocurrency asset manager Galaxy Digital.
In July, Fireblocks announced a $310m Series D raise at a $2 billion valuation. That round was also co-led by Sequoia Capital alongside Stripes, Spark Capital, Coatue, DRW VC and SCB 10X. The latest funding brings the total capital raised to $889 million. At that point Fireblocks had secured more than $1 trillion in transactions.
Since the Series D, Jay Clayton, the former SEC Chair, has joined the startup’s advisory board.
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