Blockchain firm Fireblocks raises $310 million, valuation at $2 billion

FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration

NEW YORK/BENGALARU (Reuters) - Fireblocks, a platform that allows banks and other financial institutions to store, move and issue cryptocurrencies, said on Tuesday it raised $310 million in fresh capital from investors, boosting its valuation to $2 billion.

The funding round was co-led by investment firms such as Sequoia Capital, Stripes, Spark Capital, Coatue, DRW Venture capital and SCB 10X, the venture arm of Thailand's Siam Commercial Bank.