Crypto Custody Firm Fireblocks Raises $550M at $8B Valuation

Posted on by American Coins & Gold

Crypto Custody Firm Fireblocks Raises 0M at B Valuation
Cryptocurrency custody firm Fireblocks has raised a $550 million funding round, valuing the technology provider at over $8 billion.Charting Fireblocks’ recent slew of funding announcements shows the anticipated demand among investors for a slice of clever technologies like multi-party-computation (MPC), a way of sharding private keys when managing the safekeeping of digital assets. Not to mention the company’s increase in clients from 150 to over 800 over the course of 2021.“It’s pretty aggressive growth, and we have a lot of clients from very different use cases and domains, from traditional financial institutions to leading hedge funds, exchanges, neo banks, gaming…