Israeli crypto payments platform “First Digital” has now been purchased by Fireblocks – another digital asset company in the region – for an estimated $100 million. While formerly providing blockchain infrastructure and crypto custody services, the acquisition will now expand Fireblocks’s crypto-asset payment service offerings.
Payment Acceptance With Fireblocks
First Digital is a company that provides stablecoin, API-based payment solutions to institutional clients. It was founded in 2017 by Yariv Gilat and Ran Goldi, and has since expanded leadership to include CTO Daniel Prinz and COO Guy Hadar.
Now, all 16 members of that company will join Fireblocks, adding to the latter’s existing list of 300 employees. The acquisition appears to comprise the bulk of the $100 million Fireblocks raised for secondary deals last month. This was part of a larger $550 million raise which brought the company’s total valuation to $8 billion.
As reported by Calcanist, Fireblocks’s expansi
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