-- New injection of funds from renowned investors comes as the world's biggest financial institutions opt for Fireblocks' enterprise-grade platform to meet new customer demand for digital assets Fireblocks (www.fireblocks.com), the preeminent platform that empowers the entry of traditional institutions into the digital asset space, announced today it has raised $310 million in Series D funding. The round is co-led by Sequoia Capital [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=4174224964&u=https%3A%2F%2Fwww.sequoiacap.com%2F&a=Sequoia ], Stripes [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=748230361&u=https%3A%2F%2Fwww.stripes.co%2F&a=Stripes ], Spark Capital [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=691432046&u=https%3A%2F%2Fsparkcapital.com%2F&a=Spark+Capital ], Coatue [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=1794985802&u=https%3A%2F%2Fwww.coatue.com%2F&a=Coatue ], DRW VC [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=2021118785&u=https%3A%2F%2Fdrwvc.com%2F&a=DRW+VC ] and SCB 10X [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=1565346314&u=https%3A%2F%2Fwww.scb10x.com%2F&a=SCB+10X ], the venture arm of Thailand's oldest bank, Siam Commercial Bank, whose investment marks the third global bank to invest in Fireblocks alongside BNY Mellon and SVB Capital. This extension of capital marks a significant milestone for Fireblocks, boosting the company's valuation to over $2 billion. Photo - https://mma.prnewswire.com/media/1582238/20_1.jpg Logo - https://mma.prnewswire.com/media/970649/Fireblocks_Logo.jpg The Fireblocks platform propagates the expansion of digital asset use cases beyond bitcoin into payments, gaming, NFTs, digital securities and ultimately allows any business to become a digital asset business. Fireblocks' technology can be white labeled for crypto custody solutions, allowing new and established financial institutions to implement direct custody on their own without having to rely on third parties. "Fireblocks is the preferred choice by large and small institutions given that its platform allows them to offer their customers' custom custody solutions instead of outsourcing critical capabilities," said Mukaya (Tai) Panich, Chief Venture and Investment Officer, SCB 10X. "We are an investor, partner and customer of Fireblocks in multiple areas as we believe the Fireblocks Asset Transfer Network and its crypto custody infrastructure are world-class and are unparalleled in the digital asset space. As Thailand's largest bank, we are looking forward to bringing Fireblocks' solutions to future users in Southeast Asia." As the pioneer of MPC technology for digital assets, Fireblocks has created a trusted infrastructure that sits at the core of its platform. Now adopted by over 500 institutions and securing over one trillion dollars in digital assets, Fireblocks infrastructure has been a fundamental driver in the growth and adoption among new and traditional financial institutions. Expanding its services globally, Fireblocks now supports many of the world's biggest banks in addition to leading crypto-native exchanges, lending desks, hedge funds, OTC desks, and market makers like Revolut, BlockFi, Celsius, PrimeTrust, Galaxy Digital, Genesis Trading, crypto.com, eToro and others. "As crypto becomes increasingly important, we are seeing an explosion of companies that handle digital assets, including crypto-native companies, fintech companies, neobanks and traditional financial institutions," said Ravi Gupta, Partner at Sequoia Capital. "The secure storage and transfer of digital assets will be core to all of these businesses, and Fireblocks is positioned to become the infrastructure for companies to secure and move digital assets. The visionary team at Fireblocks is providing critical infrastructure to a new financial world and we're thrilled to be their partner." Since its inception in 2019, Fireblocks has raised a cumulative total of $489 million from the leading global VCs in the fintech, blockchain and cybersecurity space including Cyberstarts, Eight Roads, Tenaya Capital, Swisscom Ventures, Paradigm, Ribbit Capital, and Coatue. "We're thrilled to be able to expand our company and infrastructure through this new injection of funds. The growth we've seen to date is a reflection of all parties involved, at every stage," said Michael Shaulov, CEO of Fireblocks. "As it stands, our technology has stood out in the space since the company was founded and its success rate has been evident. Looking ahead into the growth of the industry, there is massive potential for us to continue stepping in and being a trusted partner to financial institutions and other organizations looking to enter the space safely and seamlessly." Blockchain technologies are being integrated into the financial sector at an incredibly rapid pace, with banking identified as the sector containing the highest [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=2902140722&u=https%3A%2F%2Fwww.statista.com%2Fstatistics%2F804775%2Fworldwide-market-share-of-blockchain-by-sector%2F&a=highest ] distribution of blockchain market value. Recent statistics [ https://c212.net/c/link/?t=0&l=en&o=3240404-1&h=41136421&u=https%3A%2F%2Fwww.statista.com%2Fstatistics%2F647374%2Fworldwide-blockchain-wallet-users%2F&a=statistics ] point to the increase in digital asset users, as the number of registered blockchain wallets in the second quarter of 2021 was more than 70 million, up from 10.98 million in 2016. By 2022, it is projected that more than one billion people will be utilizing blockchain wallets. While continuing its strategic expansion alongside the growth of the digital asset industry, Fireblocks intends to scale all business lines, adding more customers and partners to its ecosystem. 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 serves over 500 financial institutions, has secured the transfer of over one trillion 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