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Fireblocks adds Coinbase co-founder to board of directors

Fireblocks adds Coinbase co-founder to board of directors

Digital asset safety platform Fireblocks introduced that it might be including Fred Ehrsam to its board following a latest funding spherical.

In a Nov. 18 assertion, Fireblocks stated that Ehrsam, co-founder of crypto change Coinbase, can be becoming a member of the agency as a board member after a $30 million funding spherical to broaden its world operations. Ehrsam left Coinbase in 2017 and went on to co-found crypto funding agency Paradigm.

“Fireblocks has turn into the go-to for any enterprise seeking to construct new digital asset operations or scale present ones,” stated Ehrsam.

“The extraordinary development of the Fireblocks Community and its workforce within the final 12 months attests to the big worth they’ve unlocked for enterprise and institutional prospects.”

This 12 months, Fireblocks launched its Safe Asset Switch Community, permitting establishments to extra effectively switch belongings on-chain. The platform additionally not too long ago introduced that it has seen greater than $150 billion in transferred belongings since 2019.

Firms together with Revolut, Celsius, BlockFi, PrimeTrust, Genesis, and Nexo have reportedly expanded or launched new digital asset providers utilizing Fireblocks’ crypto pockets infrastructure.

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