Fireblocks

Fireblocks is a developer of cloud-based digital asset infrastructure software for cryptocurrency custody, treasury management, payments, tokenization, and other blockchain operations. It is headquartered in New York City.

History

Fireblocks was founded in 2018 by Michael Shaulov, Idan Ofrat, and Pavel Berengoltz to address security vulnerabilities in digital asset storage, specifically private key theft. The company emerged from stealth in June 2019 after raising $16 million in early funding. In late 2020, Fireblocks raised $30 million in a Series B funding round, led by Paradigm.

In March 2021, Fireblocks raised US$133 million in Series C funding round. In July 2021, Fireblocks raised US$310 million in a Series D round co-led by Sequoia Capital. In January 2022, it raised a further $550 million in Series E funding at an $8 billion valuation and became a unicorn. In April 2022, Fireblocks and FIS formed a joint initiative to expand its platform to institutional crypto investors.

In early 2022, Fireblocks acquired the Israeli stablecoin payment platform First Digital for US$100 million. In 2023, it acquired BlockFold, a smart contract and tokenization firm. In 2025, Fireblocks acquired the U.S.-based wallet platform Dynamic for US$90 million. In 2026, Fireblocks acquired TRES Finance for US$130 million.

Operations

Fireblocks operates on a software-as-a-service (SaaS) model. It provides infrastructure for the secure storage, transfer, and issuance of digital assets. It operates the Fireblocks Network, which allows for the settlement of digital assets between exchanges and counterparties without exposing private keys.

In 2025, Fireblocks launched its own stablecoin payments network.