Fireblocks, which enables companies to build, run and scale digital assets in their ecosystem, has reportedly netted $30m in its Series B round.
Paradigm led the round, with contributions also coming from Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG) and Cedar Hill Capital, according to a report from Crunchbase.
With the close of the new round, the company is looking to increase its research and development efforts and grow in Europe and Asia.
Fireblocks is an all-in-one platform to store, transfer and issue digital assets across an entire ecosystem.
The technology streamlines operations by brining all of a company exchanges, OTCs, counterparties, hot wallets, and custodians into one platform.
The FinTech company has seen strong growth during 2020, with it seeing a 533% customer growth in Q3 2020. In October, the company processed $23bn in transfers.
Fireblocks supposedly still had capital from its Series A in the bank before the close of the Series B, the article said. The FinTech decided to raise more funds as it foresaw significant growth in its future.
Since it was founded, the FinTech has raised a total of $46m in funding.
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