CapitalG was among the investors in the digital asset transfer service’s latest round, which boosted its overall funding to $1bn and valued it at $8bn.

US-based asset transfer infrastructure operator Fireblocks has raised $550m in series E funding from investors including internet technology group Alphabet’s CapitalG unit, at a time when more traditional banks are looking into cryptocurrencies.

Investment group D1 Capital Partners and venture capital firm Spark Capital co-led the round, which included General Atlantic, Index Ventures, Mammoth, Altimeter Capital, Iconiq Strategic Partners, Canapi Ventures and Parafi Growth Fund.

Founded in 2018, Fireblocks operates a secure multi-party computation-equipped cryptocurrency platform that helps enterprise users…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.