Cryptocurrency company Fire Blocks completes more than $300 million in new financing, Sequoia Capital participates

According to Bitcoinschannel on July 31, digital currency provider Fire Blocks has completed more than $300 million in new financing, with participation from Sequoia Capital, Stripes, SVB Capital and Spark Capital, and other companies including DRW VC and SBC 10X.

In addition, Fire Blocks has also received funding from international monetary institutions such as Siam Commercial Bank and Bank of New York Mellon. This round of financing will bring its overall valuation to more than $2 billion in less than half a year.

The company’s recent clients include global banks, lending firms, hedge funds, OTC desks, and digital currency exchanges. It also serves some of the world’s largest blockchain businesses, including Revolut, Block Fi, Prime Trust, Galaxy Digital, e-Toro, and Genesis Trading.