Fireblocks adds Coinbase co-founder to board of directors

Virtual asset safety platform Fireblocks introduced that it might be including Fred Ehrsam to its board following a contemporary investment spherical.

In a Nov. 18 commentary, Fireblocks stated that Ehrsam, co-founder of crypto alternate Coinbase, can be becoming a member of the company as a board member after a $30 million investment spherical to enlarge its international operations. Ehrsam left Coinbase in 2017 and went directly to co-found crypto funding company Paradigm.

“Fireblocks has turn out to be the go-to for any trade taking a look to construct new virtual asset operations or scale current ones,” stated Ehrsam.

“The atypical expansion of the Fireblocks Community and its workforce within the final yr attests to the large price they’ve unlocked for undertaking and institutional shoppers.”

This yr, Fireblocks introduced its Protected Asset Switch Community, permitting establishments to extra successfully switch belongings on-chain. The platform additionally lately introduced that it has observed greater than $150 billion in transferred belongings since 2019.

Corporations together with Revolut, Celsius, BlockFi, PrimeTrust, Genesis, and Nexo have reportedly expanded or introduced new virtual asset services and products the use of Fireblocks’ crypto pockets infrastructure.

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