Digital Asset Firm Fireblocks Raises $30M to Gird for ‘Influx in Customer Demand’
Fireblocks plans to maintain its standing as “the biggest player in crypto-native markets” but also wants to go after institutional players.
The Series C round was led by Coatue – with participation from BNY Mellon.
Earlier this month, America’s oldest bank said it was using outside partners for its crypto custody service but did not name names.
X-Margin’s real-time risk solution is working with crypto hedge fund Dunamis Trading.
The rebranded Libra network aims to come out with an initial product around the end of this quarter, with help from Fireblocks and First Digital Assets.
The institution-focused crypto custodian is bringing staking services to its 165-plus customers.
The firms will leverage privacy enhancing zero-knowledge proof technology to enable institutional trading firms to cross margin and bilaterally trade derivatives from a single pool of collateral.