Breaking: Fireblocks Raises $133 Million With Strategic Investment From America’s Oldest Custody Bank BNY Mellon

Fireblocks, a crypto-security firm has raised $133 million in its Series C funding round which was led by investment manager Coatue, fintech firm Ribbit and growth equity firm Stripes. It also received a strategic investment from the oldest American custody bank BNY Mellon.

The oldest bank in America, Bank of New York Mellon, just invested in the #Bitcoin custodian company, Fireblocks!
BNY Mellon is one of the world’s largest custody banks, and they plan to hold, transfer, and buy #bitcoin for their asset management clients!
— Documenting Bitcoin (@DocumentingBTC) March 18, 2021

Fireblocks CEO Michael Shaulov in a statement said,
“We are humbled to have the top VCs in Fintech, and the most important strategic partners support our mission to re-platform 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.”
At a time when most of the crypto firms are looking to go public, Fireblocks decision seems more calculated for better growth before their public debut. The recent completion of the Series C funding round comes just months after the closing of a Series B funding round where the crypto startup secured $30 million and has raised a total of $179 million.
Fireblocks offers its crypto security services to crypto custodians and currently, its technology is being used to secure more than $400 million worth of digital assets primarily due to its recent association with BNY Mellon who announced that they would be offering Bitcoin custody services to their clients …
Story continues on CoinGape

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