Fireblocks News
24 articles
The Israeli digital asset firm, valued at $8 billion, broadens its platform amid industry-wide stablecoin momentum.
Fireblocks, an Israeli blockchain infrastructure company valued at $8 billion, has acquired U.S.-based Dynamic, a crypto wallet development platform, for approximately $90 million. This acquisition marks Fireblocks entry into consumer-facing digital asset infrastructure, expanding its reach beyond its traditional clientele of banks, exchanges, and institutional payment providers. Dynamics technology, which simplifies wallet creation and user onboarding, will be integrated with Fireblocks Wallet-as-a-Service platform. Fireblocks serves over 2,000 clients, including 300 payment companies, and has raised $1 billion in total funding. The acquisition is expected to enhance Fireblocks capabilities in crypto payments, stablecoins, and tokenization.
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The Israeli cryptocurrency security company will pay an estimated $90 million for Dynamic, which has raised $21 million to date.
Fireblocks, an Israeli cryptocurrency security company, has announced its acquisition of Dynamic, a crypto wallet company, for an estimated $90 million. This strategic move is aimed at transitioning Fireblocks from banking and capital markets to consumerism and fintech. Dynamic, founded in 2022, has developed infrastructure for embedding digital wallets in apps and supports over 50 million accounts. The acquisition will enable Fireblocks to offer a complete solution from infrastructure to user interface, bridging institutional blockchain with consumer apps. Dynamics 30 employees will join Fireblocks, continuing to develop the platform. The acquisition comes as the adoption of stablecoins accelerates.
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/PRNewswire/ -- Lava Network, the blockchain infrastructure platform powering highly available data access and universal coverage across tier-1 chains, has...
Lava Network, a blockchain infrastructure platform, has announced a collaboration with Fireblocks, a leading digital asset platform. This partnership integrates Lavas Smart Router to enhance secure, vendor-agnostic RPC access for Fireblocks over 2,000 institutional customers. The integration aims to improve blockchain data access reliability and performance, addressing the growing demand for high-availability data access. Lava Networks infrastructure aggregates multiple RPC network providers, optimizing requests to the fastest and most reliable nodes. This collaboration is seen as a validation of Lavas infrastructure capabilities, benefiting both companies by setting a new industry standard for high-volume multi-chain trading.
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As Trump’s administration ushers in a more favorable stance on digital assets, the legitimacy of crypto as a mainstream financial tool is poised to strengthen, writes Ran (Goldi) Goldstein, Senior Vice President of Payments at Fireblocks. With stablecoins leading the charge, the anticipated regulatory shift could allow for rapid expansion in digital asset services across traditional banking and financial sectors.
The article discusses the potential positive impact of the Trump administrations favorable stance on digital assets, particularly stablecoins, on the financial sector. With President-elect Trump supporting crypto and the anticipated end of SEC Chairman Gary Genslers stringent regulatory approach, the legitimacy of crypto as a mainstream financial tool is expected to strengthen. This regulatory shift could lead to rapid expansion in digital asset services across traditional banking and financial sectors. Companies like Circle, Paxos, and PayPal are poised to benefit from this change, with stablecoins like USDC and PYUSD gaining popularity. The article suggests that traditional banks may soon show increased interest in digital assets, potentially leading to significant breakthroughs in banking and financial services.
"If you haven’t yet paid for a coffee with Bitcoin, don’t worry — neither have the vast majority of people around the world," writes Arik Galansky, VP of Technology at Fireblocks. "However, in the next few years, the average person is increasingly likely to use a product powered by blockchain technology."
The article discusses the growing adoption of blockchain technology, particularly in the financial sector, as companies and regulators increasingly embrace its potential. Fireblocks, a key player in the crypto industry, is highlighted as benefiting from these trends. The stablecoin market, with a market capitalization exceeding $100 billion, is maturing, with both crypto companies and traditional financial institutions like PayPal entering the space. The article also mentions BlackRocks launch of a money market fund on the blockchain, signaling a shift towards tokenized securities. As blockchain technology becomes more integrated into global financial infrastructure, the article suggests that it is transitioning from a disruptive outsider to a mainstream component.
Fireblocks appoints Michal Ferguson as CMO | CTech
Blockchain company Fireblocks has appointed Michal Ferguson as its new Chief Marketing Officer (CMO). The move is aimed at capitalizing on growing market opportunities and addressing the demand for secure and scalable blockchain infrastructure for Web3 developers and financial institutions. In 2023, Fireblocks saw an 80% increase in monthly outbound volume ($53B) and a 163% increase in the number of monthly outbound transactions (3.11M). Ferguson previously served as Head of Global Demand at cybersecurity company Snyk and has also worked at Threat Stack and CloudLock.
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Blockchain unicorn Fireblocks acquires Australian tokenization startup BlockFold | CTech
Fireblocks, a blockchain unicorn, has acquired BlockFold, an Australian smart contract development and consulting firm. The $10 million acquisition will allow Fireblocks to offer a full service layer to clients, including advisory, token customization, orchestration, and distribution. Fireblocks has seen a 350% increase in tokenization projects between 2022 and 2023, with 75% of tier-1 financial institutions exploring tokenization via its platform. The BlockFold team will integrate into Fireblocks, with the engineering team joining the Web3 engineering staff and the business consulting team joining the Financial Markets group.
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Digital assets unicorn Fireblocks firing 5% of staff | CTech
Fireblocks, a company that raised $550 million at an $8 billion valuation in January 2022, is laying off 30 employees, accounting for 5% of the team. This is the first time the company has laid off employees since the start of the crisis in high-tech. Despite the downturn in the crypto market, Fireblocks announced that its 2022 Annual Recurring Revenue (ARR) had surpassed $100 million. The layoffs are part of a small restructuring to optimize the company for future growth and new markets. Fireblocks MPC-CMP technology has been adopted by institutions and startups worldwide.
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Fireblocks acquiring crypto payment platform First Digital for $100 million
Fireblocks, a company that raised $550 million at an $8 billion valuation, is acquiring First Digital, a stablecoin and digital asset payments technology platform. The acquisition will allow Fireblocks to expand its payments capabilities by enabling payment service providers and acquirers to accept payments and make payouts in digital currencies. First Digital provides API-based stablecoin payment solutions. The terms of the deal were not disclosed, but it is estimated to be around $100 million. First Digitals 16 employees will join Fireblocks. Fireblocks currently serves over 800 financial institutions and has secured the transfer of over $2 trillion in digital assets.
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Fireblocks raises $550m at $8b valuation
Israeli cryptocurrency security company Fireblocks has completed a $550 million financing round, resulting in a valuation of $8 billion. This represents a significant increase from its previous valuation of $2.2 billion in June 2021 and $700 million in March 2021. The funding will be used for investment in developing the company and supporting its clients globally. Fireblocks helps banks and financial institutions set up activities for storing and transferring cryptocurrencies. The CEO expects the adoption of cryptocurrencies to accelerate in 2022 and aims to be a strategic partner for new market entrants. The company serves over 800 large institutional customers and has experienced significant revenue growth. The financing round was co-led by D1 Capital Partners and Spark Capital, with participation from various other investors.
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Israeli co Fireblocks raising $400m at $8b valuation - report
Israeli cryptocurrency platform Fireblocks is raising $400 million in a financing round with the participation of Sequoia Capital, at a valuation of $8 billion. This marks an eleven-fold increase in Fireblocks valuation in just nine months. The company develops secure infrastructures for storing and transferring cryptocurrencies and assets for financial institutions. The increase in valuation can be attributed to the entry of leading venture capital funds into cryptocurrency technology investment and the growing adoption of digital currencies by financial bodies. Fireblocks enables financial institutions to carry out transfers of cryptocurrencies through its network and MPC-based wallet infrastructure.
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חד הקרן Fireblocks שכר 3 קומות במגדל אקרו בת"א ב-7.35 מיליון שקל לשנה כלכליסט
Israeli startup Fireblocks, which is valued at over $2 billion, is expanding its operations by leasing three floors in Tel Aviv. The company has signed a four-year lease agreement with Gilad Center Properties and Investments for a total of 3,400 square meters of office space in the Acro Tower. The move to the new facility is expected in March 2022. Fireblocks currently employs 120 people in Israel and plans to double its workforce immediately. The company provides a secure infrastructure for the transfer, storage, and issuance of digital assets using blockchain technology. Fireblocks supports over 500 financial institutions worldwide.
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Fireblocks opens new Swiss office to expand European operations
Fireblocks, a secure infrastructure platform for digital assets, is expanding its presence and growth in the German-speaking market and opening a new office in Switzerland. The company has doubled the size of its European team to support its institutional customers in the DACH region. To support its customer base in Switzerland, Fireblocks has appointed Richard Astle and Ana Santillan as co-heads of its Swiss office. The expansion is driven by the increasing demand from financial institutions worldwide to transition to an infrastructure that utilizes MPC and SGX confidential computing. Fireblocks has also joined The Crypto Valley Association to support the growth of digital assets in Switzerland. The country is home to over 960 blockchain and cryptocurrency companies. Fireblocks CEO, Michael Shaulov, emphasized the importance of working with Switzerland-based companies due to their value in the financial market.
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Fireblocks raises $310 million at $2 billion valuation
Fireblocks, an Israeli cryptocurrency security company, has raised $310 million in Series D funding at a $2 billion valuation. The funding round was co-led by Sequoia Capital, Stripes, Spark Capital, Coatue, DRW VC, and SCB 10X. This marks the third global bank, Siam Commercial Bank, to invest in Fireblocks. The funding round aims to send a message to the market that Fireblocks is an independent company and is not for sale. The company plans to use the funding to recruit more employees and expand its team. Fireblocks has experienced significant growth, with 500 clients compared to 150 six months ago and an increase in employees from 60 to 150. The companys platform supports various digital asset use cases and is used by major banks and crypto-native exchanges.
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כלכליסט - דף הבית - הודעת שגיאה
The article discusses financial news and stock market updates.
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Crypto infrastructure co Fireblocks raises $133m
Fireblocks, an Israeli crypto infrastructure and digital assets security company, has completed a $133 million Series C financing round. The round was led by Coatue, Ribbit, and Stripes, with strategic investment from The Bank of New York Mellon and Silicon Valley Bank. The company has raised a total of $179 million. Fireblocks technology is used to secure over $400 billion of assets for the crypto industry and will now be made available to traditional banks and fintechs. With the new funds, Fireblocks plans to expand its global resources and connect banks and fintechs to the crypto capital markets. The company aims to double its Israeli workforce by the end of 2021. Fireblocks is a competitor of Curv, which was recently acquired by PayPal.
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Israeli blockchain security startup Fireblocks announces $30 million round as Bitcoin spikes
Blockchain security service provider, Fireblocks, has raised $30 million in a series B funding round, bringing its total funding to $46 million. The round was led by Paradigm and included participation from existing investors such as Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), Cedar Hill Capital, and Cyberstarts. The company, which has facilitated the transfer of over $150 billion in digital assets since its launch in June 2019, plans to use the new funding to double its workforce in 2021 and expand its marketing and sales teams globally. Fireblocks also announced the addition of Fred Ehrsam, co-founder and Managing Partner at Paradigm, to its board of directors.
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Fireblocks Integrates With Largest DeFi Lending Network
Fireblocks has integrated with Compound, allowing institutional players to safely deploy assets onto the DeFi protocol. This marks the first-ever institutional implementation of multi-party computation (MPC) on a DeFi protocol. The integration offers various use cases for Fireblocks customers, such as earning interest on digital assets and safeguarding assets from cyberattacks. Prior to Fireblocks, accessing Compounds services was primarily done through MetaMask, limiting institutional participation. Fireblocks plans to expand its integration with Compound and other smart contract-based platforms to provide a secure pathway for institutions to enter the DeFi market. The integration is seen as a turning point for both Fireblocks users and the DeFi industry as a whole.
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Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies - Finance Bitcoin News
Largest Cryptocurrency Liquidity Provider Taps Fireblocks To Secure OTC Trades
Fireblocks announces that B2C2, the largest cryptocurrency liquidity provider, is using Fireblocks to protect digital asset value and provide security for OTC trades. B2C2 has seen increased trading volume since implementing Fireblocks, resulting in tighter spreads and lower balance sheet consumption. B2C2 and Fireblocks are exploring new ways to facilitate and secure crypto liquidity, starting with a partnership offering Freemium Fireblocks Workspaces to B2C2 customers. Fireblocks secure transfer environment helps mitigate operational risks in the settlement process. Fireblocks has secured over $9 billion in digital assets and offers an insurance policy for assets in storage and transit.
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Ernst and Young Grants SOC 2 Type II Certification to Fireblocks
Fireblocks has successfully completed the SOC 2 Type II examination, reinforcing its commitment to maintaining a secure operating environment for asset transfers. The certification allows Fireblocks to deliver technology and services that meet stringent security and data protection laws globally. The examination tested Fireblocks customer data based on five trust service principles and the company received a Service Auditors Report with an unqualified opinion. Fireblocks has secured over $9 billion in digital asset transfers since its launch in June. The SOC report will be monitored annually to ensure efficient operations for Fireblocks customers.
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Fidelity-Backed Fireblocks in Talks With Potential Wall Street Clients Following EY Accreditation
Fireblocks, an enterprise-focused cryptocurrency transaction platform, has received a Service Organization Control (SOC) 2 Type II Certification from EY, confirming its compliance with industry data security standards. The certification allows Fireblocks to extend its services to financial institutions and attract clients from outside the crypto space. The platform currently supports 22 exchanges and 180 cryptocurrencies and has secured over $9 billion in digital asset transfers since its launch in June. Fireblocks previously raised $16 million in a Series A funding round with investors including Eight Roads, the investment arm of Fidelity International.
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Fireblocks Raises $16M in Series A Funding - FinSMEs
Fireblocks, a Tel Aviv and NYC-based enterprise platform for securing digital assets in transit, has raised $16 million in Series A funding. The funding will be used to further develop the platform and expand its customer base. Fireblocks offers an enterprise-grade platform for financial institutions to streamline digital asset trading operations while maintaining high levels of security. The platform securely transfers assets across exchanges, wallets, custodians, and counterparties using chip isolation security and MPC technology. Fireblocks is currently integrated with 15 digital asset exchanges and supports over 180 cryptocurrencies, tokens, and stablecoins. Some of its customers include Galaxy Digital and Genesis Global Trading.
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