The leading cryptocurrency custodian – Fireblocks – closed a $550 million Series E venture capital round, co-led by Spark Capital, D1 Capital Partners, General Atlantic, Mammoth, and other investors. The financing boosted the company’s valuation to a whopping $8 billion.Despite the ongoing correction in the cryptocurrency market, the New York-based blockchain platform – Fireblocks – continues to raise funds.
“Everything that’s happening at the cross-section of DeFi, NFTs, gaming, streaming, and entertainment will be the biggest emerging use cases in the next year and a half.” Additionally, the multimillion fundraise should help the firm “catch up” with its rapidly growing customer base. In the span of a year, Fireblocks increased its institutional clients from 150 to 800. Prominent names include BNY Mellon, Galaxy Digital, Revolut, BlockFi, eToro, and CryptoCom.the first backer of the Aave Arc – a permissioned version of the DeFi lending platform Aave.
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