-- Fred Ehrsam joins Fireblocks Board of Directors as company looks to 
aggressively expand its presence in key global markets

Fireblocks (www.fireblocks.com) announced today it has raised $30 million in 
Series B funding, bringing its cumulative fundraising to $46 million. This 
round was led by Paradigm (https://www.paradigm.xyz) with participation from 
existing investors, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, 
Digital Currency Group (DCG), and Cedar Hill Capital. Coinciding with the 
completion of this round of fundraising is the addition of Fred Ehrsam to 
Fireblocks' Board of Directors. Ehrsam is the co-founder and Managing Partner 
at Paradigm, and co-founder of Coinbase.

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"Fireblocks has become the go-to for any business looking to build new digital 
asset operations or scale existing ones," said Ehrsam. "The extraordinary 
growth of the Fireblocks Network and its team in the last year attests to the 
enormous value they have unlocked for enterprise and institutional customers. 
Beyond custody, Fireblocks has made a simple crypto backend for everything from 
hedge funds to fintech platforms to plug directly into crypto and be able to 
access every trading venue, liquidity provider, lending desk,counterparty, and 
crypto-native app in the ecosystem." 

Since launching in June 2019, Fireblocks has facilitated the transfer of over 
$150 billion in digital assets for enterprise and institutional customers in 
Asia, Europe and North America. Using Fireblocks' MPC-based wallet 
infrastructure and Network for secure custody and settlement, companies such as 
Revolut, Celsius, BlockFi, PrimeTrust, Genesis, Nexo and more have securely 
expanded or launched new digital asset services. Today, the Fireblocks Network 
boasts 160+ active institutional participants, including some of the biggest 
liquidity providers, such as B2C2, Galaxy, Amber, and Three Arrows.

"By removing the complexities and costs associated with launching and expanding 
into new business streams that deal with digital assets and cryptocurrencies, 
we've seen a 533% increase in customer growth in Q3 as well as traction and 
adoption with some of the biggest and most innovative companies in finance," 
said Michael Shaulov, CEO of Fireblocks. "The digital asset market is evolving 
rapidly and it's happening simultaneously, all around the world. With the new 
injection of capital, we will be able to continue to grow our in-house R&D, 
marketing and sales talent to continue pushing the envelope on product 
innovation, and customer growth in key geographic regions."  

To support the rapid growth of the company, Fireblocks has expanded its team, 
welcoming Matt Maloney as Fireblocks' SVP of Global Sales from Cisco. The 
company will be looking to make key strategic hires in product, engineering, 
and customer success.

In the next year, Fireblocks plans to continue to expand its services globally, 
working to empower new innovations in digital payments, banking, transactions 
and advance the security of the digital asset ecosystem. 

For more information about job opportunities please visit: 
www.fireblocks.com/careers

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure 
for moving, storing, and issuing digital assets. Fireblocks enables exchanges, 
lending desks, custodians, banks, trading desks, and hedge funds to securely 
scale digital asset operations through the Fireblocks Network and MPC-based 
Wallet Infrastructure. Fireblocks has secured the transfer of over $150 billion 
in digital assets and has a unique insurance policy that covers assets in 
storage & transit. For more information, please visit www.fireblocks.com. 

SOURCE: Fireblocks

CONTACT: Yelena Osin, yelena@fireblocks.com