Investors rely billions on crypto -attending providers

The custodians of crypto-assets attract billions of dollars of investors who bet that the influx of wall street players will lead to the digital markets to increase the demand for custody services.

Fireblocks became the highest rated crypto-assets on Thursday after it collected $ 550 million in a new financing round, which earned the company a price of $ 8 billion. The number corresponds to the evaluation of FTX, one of the world's largest crypto trading exchanges that announced a round of funding in the amount of $ 400 million on Wednesday.

Fireblocks has secured new investments from a group of risk capital companies, including D1 Capital Partners and Spark Capital. The deal comes about after private investors last year 4.5 billion

The capital inflow goes back to the expectation that large professional investors will expand their presence in the field of digital assets and will be fueled by a market for lending, borrowing and other trading activities, for which crypto tokens and coins are required to move safely.

investors have also put money into the broader blockchain industry because the abundance of private capital finds its way into the rapidly growing industry.

Custody is an important service for professional investors to gain access to digital markets, and the kept total assets grew rapidly in recent years and in January this year was $ 223 billion.

crypto -negotiation providers initially focused on the custody and storage of assets such as Bitcoin. But with the development of the market, storageers have developed into guards for assets that move in the digital world, protect coins and tokens from hackers and ensure that funds are safe and get where they have to be.

Coinbase and PayPal are just two of the companies who recently taken on custody service providers as part of an extended offer for professional investors.

Fireblocks has managed assets worth $ 2 trillion, which have changed over 20 blockchains and 1,000 cryptocurrencies to the owner who have found their way through trade, games and other digital paths such as not fungal tokens.

The company does not announce any profit figures, but according to Blockdata, its annual income rose by 350 percent in 2021. According to Blockdata, other large custody providers also recorded significant growth, with both genesis and Ledger two-digit growth in the assets kept, while the assets of Bitgo in the amount of $ 64 billion has increased by $ 492 percent.

Apart from significant money inflows, high -ranking personalities from the traditional financial world and politics have switched to companies who act as goalkeepers in the digital world. Former British Chancellor Philip Hammond came to Copper last year, one of the largest crypto custody providers based in London.