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Coca-Cola is now also involved in the NFT space

The digital asset manager Fireblocks can look forward to further liquidity. In total, the company takes in $310 million.

Fireblocks is pleased about a massive financial injection. As the company announced yesterday in a press release, the crypto custodian takes in 310 million US dollars from a Series D funding. This also results in a new goodwill (about 2 billion US dollars), which Fireblocks can more than triple – and thus further expand its status as a unicorn.

Both new and existing investors participated in the financing round. Among them, renowned tech venture capital such as Sequoia Capital, Stripes, Spark Capital, Coatue and DRW. Through SCB 10X, the Thai Siam Commercial Bank also participated indirectly in the funding. This means that Fireblocks can win over the third major bank after BNY Mellon and SVB Capital. With the money they want to continue to grow, explains Fireblock’s CEO Michael Shaulov.

We are thrilled to be able to expand our company and infrastructure with this new cash injection. The growth we have experienced so far is the result of the work of all those involved, who give everything at every stage.

Fireblocks CEO Michael Shaulov

Fireblocks – the object of desire

In general, tech companies dedicated to the custody of crypto assets seem to have become sought-after objects for major funders. This is especially true for fireblocks. The investment amount has almost doubled compared to the last financing round in March. Michael Shaulov commented:

Our technology has excelled in this area since the company was founded, and its track record is obvious. In view of the growth of the industry, there is enormous potential for us to continue to be a reliable partner for financial institutions and other organizations that want to enter this area safely and seamlessly.

Fireblocks CEO Michael Shaulov

Since its inception in 2019, Fireblocks has managed to land a total of $489 million. There has always been support from renowned FinTech companies such as Cyberstarts, Eight Roads, Tenaya Capital, Swisscom, Paradigm, Ribbit Capital and Coatue.

Arjun Sethi
Passionate guitarist, gamer and writer. Lives for the perfect review, and scrapes texts until they are razor-sharp.


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