Blockchain firm Fireblocks bags $320m in round co-led by Thai SCB venture arm

Blockchain firm Fireblocks bags $320m in round co-led by Thai SCB venture arm

Venture capitalists flock to blockchain firms in third quarter - Pitchbook Photo: Unsplash

Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said on Tuesday it raised $310 million in fresh capital from investors, boosting its valuation to $2 billion.

The funding round was co-led by investment firms such as Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB 10X, the venture arm of Thailand’s Siam Commercial Bank.

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