Cryptocurrency platform Fireblocks boosted its valuation to $2 billion after it raised $310 million in a Series D funding round.

Many companies participated in the last financing round such as:

Stripes Group, Spark Capital, Sequoia Capital, DRW Venture Capital and SCB 10X

Fireblocks expands its crypto operations:

According to the report BloombergFireblocks has raised $310 million in a recent Series D funding round.

Fireblocks has become one of the undisputed unicorns in the crypto space with a valuation of around $2 billion.

Michael Shaulof, CEO of Fireblocks, commented on the news:

We’ve seen a maturity in the space emerge by developing projects using blockchain technology outside of the original crypto domain.

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We work with a number of financial services companies around the world to expand use cases related to projects to digitize currencies, securities, and other real assets.

The funds will reportedly be used by Fireblocks to expand its operations in various regions such as Asia Pacific.

It will invest in several research and development programs as well as facilitate better customer service.

Shaulov added that users of the platform have shown an increasing demand for cryptocurrencies recently.

Several companies participated in leading the financing round, including SCB 10X, the investment arm of Siam Commercial Bank of Thailand.

Mukaya Panesh, its president and chief investment officer, said:

As the largest bank in Thailand, we look forward to providing ‘Fireblocks’ solutions to future users in Southeast Asia.

Fireblocks Financing:

In March of this year, Fireblocks raised $133 million in Series C funding.

The tour was led by several companies, including America’s oldest bank “BNY Mellon” and California’s “Silicon Valley” bank, among the prominent financial institutions behind the investment.

With Series C funding, Fireblocks has targeted massive expansion to expand its reach.

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In the process of expansion, the company plans to close and maintain strategic partnerships with leading institutions to support its transformation and serve the market horizontally.

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At the time, the CEO of “Fireblocks” indicated that his company had no intention of becoming a bank but rather to improve the existing financial system, and added:

While we do not plan to become a bank, we believe that our infrastructure will perfectly reform itself to power an entirely new era of financial services.

It is worth noting that “Fireblocks” works and specializes in the field of storing cryptocurrencies and the use of digital currencies in settlement operations and the transfer of funds across borders, while providing these services to financial institutions.

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