-- Technology used to secure more than $400 billion of assets for 
     the crypto industry will now be made available to traditional 
     banks and fintechs in their race to meet digital asset demand

Fireblocks (www.fireblocks.com), announced today it has raised $133 million in 
Series C funding led by Coatue ( 
https://c212.net/c/link/?t=0&l=en&o=3100965-1&h=2698413189&u=https%3A%2F%2Fwww.coatue.com%2F&a=Coatue 
), Ribbit ( 
https://c212.net/c/link/?t=0&l=en&o=3100965-1&h=3444736503&u=https%3A%2F%2Fribbitcap.com%2F&a=Ribbit 
), and Stripes ( 
https://c212.net/c/link/?t=0&l=en&o=3100965-1&h=3870481686&u=https%3A%2F%2Fwww.stripes.co%2F&a=Stripes 
) with strategic investment from The Bank of New York Mellon ( "BNY Mellon" ( 
https://c212.net/c/link/?t=0&l=en&o=3100965-1&h=162189752&u=https%3A%2F%2Fwww.bnymellon.com%2F&a=Mellon%22 
) ) and SVB ( 
https://c212.net/c/link/?t=0&l=en&o=3100965-1&h=4185765451&u=https%3A%2F%2Fwww.svb.com%2Fsvb-capital&a=SVB 
). The completion of this round of financing, which includes participation from 
previous investors, including Paradigm, Galaxy Digital, Swisscom Ventures, 
Tenaya Capital and Cyberstarts Ventures, makes Fireblocks the most well-funded 
crypto infrastructure provider in the industry with a cumulative total of $179 
million raised to date. With the new injection of funds from strategic 
investors, Fireblocks will continue to expand global resources to service the 
world's biggest banks and fintechs and connect them to the entire crypto 
capital markets. 

Logo - https://mma.prnewswire.com/media/970649/Fireblocks_Logo.jpg

With bitcoin topping $1 trillion in market value, banks and fintechs around the 
world are faced with overwhelming demand from customers and investors to enable 
digital asset products and services. Now, Fireblocks will offer banks and 
traditional financial institutions the ability to seamlessly plug into the 
broader decentralized finance ecosystem and all of its market participants. 
Using Fireblocks' platform, banks and fintechs can rapidly deploy custody, 
tokenization, asset management, trading, lending and payment solutions across 
public and private blockchain networks. 

"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. We are humbled to have the top VCs in Fintech, and the most 
important strategic partners support our mission to replatform the financial 
ecosystem into digital assets. Their financial backing guarantees the long term 
stability, technology superiority and service delivery to our exponentially 
growing customer base." 

Fireblocks began with serving crypto-native institutions and exchanges, and has 
grown over the last three years to become the first and only institutional 
digital asset transfer and wallet network trusted to secure more than $400 
billion assets for its customers. Strategic investor, BNY Mellon, the world's 
largest asset servicer, announced earlier this year their commitment to 
accelerate the development of enterprise solutions to service the rapidly 
evolving digital asset space.

"Developing products to bridge digital and traditional assets is foundational 
to the future of custody," said Roman Regelman, Chief Executive Officer of 
Asset Servicing and Head of Digital at BNY Mellon. "Following significant due 
diligence and market research, we recognize Fireblocks as a market leader in 
providing secure technology to support digital asset services."

"Our partnership with Fireblocks is consistent with our belief that a new 
financial ecosystem is emerging and that companies like Fireblocks are 
essential," said Kris Fredrickson, Managing Partner at Coatue. "We have been 
thoroughly impressed with Fireblocks' team, technology, and vision for the 
future. We believe that Fireblocks can help set a new industry standard for 
companies looking to participate in the digital assets industry."

"We are standing at the cusp of the biggest transformation that the world's 
financial system has ever seen," said Micky Malka, Managing Director of Ribbit 
Capital. "Fireblocks is standing right at the forefront of this revolution, and 
we believe that their technology will play a critical role in driving 
tremendous innovation in the financial sector for decades to come. We are 
excited to join their team and help fuel their exciting journey ahead." 

"Fireblocks has built the most powerful technology stack for anyone that's 
looking to get into the digital asset business," said Ken Fox, Founder and 
Managing Partner of Stripes Group. "Fireblocks is leading the breakthroughs in 
MPC wallets, settlement network and access to DeFi and tokenization services. 
It has the versatility that banks and fintechs need to continue competing in 
this market." 

About Fireblocks
Fireblocks is a leading enterprise-grade platform delivering a secure 
infrastructure for moving, storing, and issuing digital assets. Fireblocks 
enables banks, fintechs, exchanges, liquidity providers, OTCs and hedge funds 
to securely manage digital assets across a wide range of products and services. 
The technology consists of the Fireblocks Network and MPC-based Wallet 
Infrastructure. Fireblocks serves over 200 financial institutions and has 
secured over $400 billion in digital assets. Fireblocks has a unique insurance 
policy that covers assets in storage & transit and offers 24/7 global support. 
For more information, please visit www.fireblocks.com. 

SOURCE: Fireblocks 

CONTACT: Yelena Osin, yelena@fireblocks.com