Blockchain firm Fireblocks raises US$310 million, valuation at US$2 billion

NEW YORK/BENGALARU: Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said on Tuesday it raised US$310 million in fresh capital from investors, boosting its valuation to US$2 billion.

One of the things the company hopes to do with the funds is work with traditional financial institutions and bring assets to the blockchain, said Michael Shaulov, chief executive officer at Fireblocks. "We have seen quite a lot of projects and ... essentially the technology and the appetite to do it has reached the most senior levels of those banks," he added.The financial sector has been adopting blockchain technology at a fast pace, with the banking sector identified as the industry most suited to use blockchain.

Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

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