Crypto Custody Firm Fireblocks Raises $310M at $2B Valuation
“It was very important for us to show the customers that we have the balance sheet and valuation to stay independent.”
As well as building out its platform, Vauld intends to use the investment to drive international expansion.
The investment was led by Kingsway Capital, a U.K-based private equity fund with over $2 billion in assets under management
The funding round would accord the Indian company unicorn status, with a valuation of more than $1 billion.
Coinbase Ventures and Huobi Innovation Labs were among the investors.
The a16z-backed Eco, where users’ deposits are loaned out in USDC, says it’s keeping an eye on the BlockFi case.