KANALCOIN NEWS – Cryptocurrency publishing security company, Fireblocks, reportedly succeeded in raising funds of $ 30 million. Fireblocks obtained this amount of funds from the Series B round of funding.
Fireblocks officially announced that they had received a new capital injection of $ 30 million on Wednesday (18/11/2020) local time. The reason is, these funds will be used by Fireblocks to develop their services.
Previously, Fireblocks had also conducted a Series A round of funding with a total capital raised of $16 million. Thus, Fireblocks has raised $46 million.
This time, Series B funding was led by Paradigm and attended by several Fireblocks investors, such as Galaxy Digital, Digital Currency Group, Cyberstarts, Tenaya Capital, Swisscom, and Cedar Hill Capital.
Fireblocks CEO, Michael Shaulov, stressed that this much capital will be used to recruit new, talented employees. In addition, Fireblocks intend to expand their global operations to meet market demands from various enterprises and retailers in terms of digital assets.
“With the injection of new capital, we will be able to continue to grow new talent in our research and development, marketing and internal sales to continue to drive product innovation, and customer growth in key geographic regions,” said Shaulov as reported by Kanalcoin.com from News.
Fireblocks is a platform specifically aimed at institutions and retailers, such as hedge funds, exchanges and over-the-counter traders, to transfer, store or issue digital assets securely.
Fireblocks is arguably a company that is still relatively new to the world of blockchain and cryptocurrencies because it was only founded in 2019. However, Fireblocks is said to have earned over $150 billion in profits from all of their clients.
In fact, according to a report submitted directly by the CEO of Fireblocks, Fireblocks customer growth experienced a jump of up to 533% in the third quarter of 2020. Shaulov allows that it is possible that Fireblocks customer growth in the fourth quarter will be the same.
In fact, according to a report submitted directly by the CEO of Fireblocks, Fireblocks customer growth experienced a jump of up to 533% in the third quarter of 2020. Shaulov allows that it is possible that Fireblocks customer growth in the fourth quarter will be the same.
The number of companies is still possible to increase in the fourth quarter of this year between October and December. In fact, the clients of Fireblocks are not your typical uninitiated company.
In fact, the clients served by Fireblocks are some of the largest liquidity providers in the world, such as B2C2, Galaxy, Amber, and Three Arrows. Some of their clients are also some of them who inject capital into the Fireblocks business structure.
Now, Fireblocks is ready to expand further after receiving capital injections from Series A and Series B funding rounds.
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Author: Redaksi Media
Cryptocurrency Media