Crypto firm Fireblocks raises $550 mln, company valued at $8 bln

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Crypto firm Fireblocks raises $550 mln, company valued at $8 bln
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Fireblocks, a digital asset infrastructure provider, said on Thursday it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.

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The funding was led by D1 Capital Partners and Spark Capital, with participation from investors such as General Atlantic, Altimeter, Index Ventures and CapitalG, Alphabet's growth fund, Fireblocks said in a statement.All firms confirmed their investment in emails to Reuters.

Decentralized finance refers to that segment of the market which facilitates crypto-denominated financial transactions outside of traditional banks.Fireblocks works with companies and financial institution that want to build cryptocurrencies and digital assets, providing the infrastructure - including wallets - to make the digital assets safe and secure.U.S.

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