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.