This article comes fromThe Block, original author: Yogita Khatri

Odaily Translator | Nian Yin Si Tang

Summary:

This article comes from

, original author: Yogita Khatri

Odaily Translator | Nian Yin Si Tang

secondary title

Summary:

- Fireblocks has raised over $1 billion in total funding following its Series E round.

- - Fireblocks CEO Michael Shaulov said that when a company decides to go public, it may tokenize its stock instead of doing a regular IPO.Institutional-grade cryptocurrency custody provider Fireblocks has raised $550 million in Series E funding at a post-money valuation of $8 billion.

- The round was co-led by D1 Capital Partners and Spark Capital, with participation from General Atlantic, Index Ventures, Mammoth, CapitalG (Alphabet's independent growth fund), Altimeter and ParaFi Capital.Additionally, existing investors including Sequoia Capital, Coatue, Ribbit, Bank of New York Mellon, Paradigm, and SCB10x also participated in the round.

- Judging from the financing scale and speed of Fireblocks, this company has undoubtedly been recognized by many well-known investment institutions. Let’s take a quick look at Fireblocks’ impressive funding history:June 2019

- , Fireblocks completed $16 million in Series A financing, with investors including Cyberstart, Tenaya Capital and Eight Roads, the proprietary investment arm of Fidelity International.November 2020

March 2021

, Fireblocks announced the completion of $133 million in Series C financing, led by investment management firm Coatue, venture capital firm Ribbit, and growth equity firm Stripes, with Bank of New York Mellon and Silicon Valley Bank participating as strategic investors. Existing investors Paradigm, Galaxy Digital and Swisscom Ventures participated.

July 2021

In an interview with The Block, Fireblocks CEO Michael Shaulov said the company had achieved "extraordinary financial performance" over the past year, growing from 150 customers to more than 800 and growing revenue more than 600%. Shaulov declined to provide absolute revenue figures, but said the company is not yet profitable.

Earlier this month,secondary titleincrease rapidly

Founded in 2018, Fireblocks focuses on providing institutions with an all-in-one platform, including encryption services such as custody, DeFi, pledge and tokenization. Fireblocks says it has $45 billion in assets under custody, and more than $2 trillion in crypto assets have been securely transferred through its platform.Its clients include BNY Mellon, Revolut, Galaxy Digital, BlockFi, Deribit, eToro, CoinShares, Three Arrows Capital, and B2C2. Shaulov said Fireblocks will continue to enhance its product and use the new financing to add more clients.。

Earlier this month,

Fireblocks Becomes First Whitelisted Member of Aave Arc