Israel: BNY Mellon invests in cryptocurrency storage firm Fireblocks

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Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies, as the world’s largest custodian bank deepens its focus on digital assets.

BNY Mellon’s investment was part of a $133 million funding round that also saw participation from hedge fund Coatue Management, investment firm Ribbit Capital, growth equity firm Stripes and SVB Capital, Fireblocks said on Thursday.

The latest round values Fireblocks at close to $1 billion, according to a person familiar with the matter. Existing investors including Paradigm, Galaxy Digital and Swisscom Ventures also participated in the round.

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