startups

Crypto Company Fireblocks Buys Australian Blockchain Startup BlockFold – Bloomberg


Fireblocks Inc., the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a Melbourne-based startup that helps financial institutions build blockchain-based systems, people with knowledge of the matter said.

Fireblocks paid about $10 million for BlockFold, said one of the people, who asked not to be identified as the deal hasn’t been publicly announced. Representatives for both companies declined to comment.



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