According to cointelegraph, digital asset security platform Fireblocks declared that it would be adding Fred Ehrsam to its board following a recent funding round.
According to an official statement on Nov. 18, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would join the firm as a board member after a $30 million funding round to develop its global operations. Ehrsam left Coinbase in 2017 and ran on to co-found crypto investment firm Paradigm.
“The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers.”
During the current year, Fireblocks launched its Secure Asset Transfer Network, allowing institutions to more effectively transfer assets on-chain.
Companies inclusive of Revolut, Celsius, BlockFi, PrimeTrust, Genesis, and Nexo have launched new digital asset services by using Fireblocks’ crypto wallet infrastructure.