Fireblocks to Acquire Crypto Payment Platform for a Reported $100 Million – Featured Bitcoin News - BitcoinEthereumNews.com
Digital asset custody service provider Fireblocks has anounced it will acquire First Digital, a fellow Israeli company, for $100 million. The acquisition, which is said to be Fireblocks first, comes less than three weeks after the company revealed it raised $550 million in Series E funding. Fireblocks $8 Billion Valuation Fireblocks, a digital asset custody firm, is set to acquire the stablecoin payment platform First Digital for $100 million, a report has said. The acquisition, when consummated, will enable Fireblocks to bolster the capabilities of its current payment platform. According to a report by Calcalist, Fireblocks will be able to do this by enabling payment service providers (PSPs) and acquirers to accept crypto payments and to make payouts in digital currencies as well. The custody firms purchase of the Israeli fintech startup comes a few weeks after Fireblocks was reported to have raised $550 million in Series E funding. Following this funding series, which brought the total value of funds raised to $1 billion, Fireblocks saw its valuation rise to a reported $8 billion. Fireblocks Not Focused on Further Acquisitions Meanwhile, the report quotes Fireblocks CEO, Michael Shaulov, who lists some of the reasons for this acquisition. He said: They built one of the strongest teams