The cryptocurrency firm Fireblocks has announced a new $500 million investment from institutional investors, bringing the company’s valuation to $8 billion.<\/p>\n\n\n\n
According to Fireblocks, the financing was managed by D1 Capital Partners and Spark Capital. Other investors include General Atlantic, Altimeter, Index Ventures and CapitalG, Alphabet’s growth fund, Fireblocks said in a statement.<\/p>\n\n\n\n
Fireblocks’ tasks include working with companies and financial institutions interested in building cryptocurrencies and digital assets and providing the infrastructure to keep digital assets safe.<\/p>\n\n\n\n
Michael Shaulov, Fireblock’s chief executive officer, noted that the company’s goal is to turn every business into a crypto-enterprise.<\/p>\n\n\n\n
Fireblocks has a network that connects its members to the digital currency capital markets. It also enables the immediate processing of payments and money transfers.<\/p>\n\n\n\n
Fireblocks, therefore, tries to facilitate fund transfers in “a secure way because a lot of the hacks are not happening when you’re storing it, but when you’re moving or selling it,” Shaulov explained.<\/p>\n\n\n