Crypto Firm Fireblocks Raises $550 Million, Valued At $8 Billion

Fireblocks, a digital asset infrastructure provider has said that it raised $550 million from institutional investors

Fireblocks, a digital asset infrastructure provider, said on January 27 that it raised $550 million from institutional investors, making it one of the largest financing rounds in the cryptocurrency sector in the last few years.

The latest investment valued the company at $8 billion.

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.