Digital asset custody service provider Fireblocks has announced 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 firm’s 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 brou
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