According to the Daily Planet, Fireblocks, a crypto company backed by Sequoia Capital and Coatue Management, has acquired Melbourne crypto startup BlockFold, which builds blockchain-based systems for financial institutions. Sources revealed that Fireblocks paid about $10 million to complete the acquisition.
While Fireblocks has partnered with large financial institutions such as Bank of New York Mellon, BNP Paribas and the Tel Aviv Stock Exchange, primarily providing custody technology services, the acquisition of BlockFold will help it quickly expand the range of products it offers to such clients.
