Fireblocks adds Coinbase co-founder to board of directors

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

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

“Fireblocks has change into the go-to for any industry having a look to construct new virtual asset operations or scale present ones,” stated Ehrsam.

“The unusual expansion of the Fireblocks Community and its crew within the remaining yr attests to the large worth they’ve unlocked for endeavor and institutional consumers.”

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

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

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