Fireblocks is in discussions with investors to raise funds for a buyback of employee-held shares, with Citi appointed to manage the process. The transaction is in its early stages, and details regarding the buyback size and company valuation remain unspecified. Fireblocks, which provides digital asset infrastructure to major enterprises like BNY Mellon, Revolut, and WorldPay, has raised over $1 billion to date. In January 2022, it secured $550 million at an $8 billion valuation. Last month, Fireblocks acquired Dynamic Labs to enhance its services for large consumer enterprises seeking stablecoin and digital asset solutions.
Fireblocks Seeks Funding for Employee Share Buyback, Engages Citi
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