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Mar 24, 2021
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BNY Mellon (BK, $46.34) invests in cryptocurrency storage firm Fireblocks

BNY Mellon (BK, $46.34) invests in cryptocurrency storage firm Fireblocks

Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies.

BNY Mellon’s investment was part of a $133 million funding round that included participation from hedge fund Coatue Management, investment firm Ribbit Capital, growth equity firm Stripes and SVB Capital. The latest round values Fireblocks at close to $1 billion, according to a person familiar with the matter. (Reuters reported).

Fireblocks has raised $179 million in funds to date. It has a presence in Europe, Asia and North America.

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a major bank

Industry MajorBanks

Industry
Major Banks
Address
240 Greenwich Street
Phone
+1 212 495-1784
Employees
53400
Web
https://www.bnymellon.com
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BNY Mellon (BK, $46.34) invests in cryptocurrency storage firm Fireblocks