Fireblocks Confirms the Addition of Coinbase Co-Founder to Board of Directors

Digital asset security site Fireblocks announced that Fred Ehrsam would be joining its board following a recent funding round.

In a statement dated Nov. 18, Fireblocks said that Ehrsam, co-founder of crypto exchange Coinbase, would be joining the company as a board member following a $30M funding round to increase its worldwide operations. Ehrsam left Coinbase in 2017 and later on co-founded crypto investment company Paradigm.

“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones,” said Ehrsam.

“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.”

This year, the firm unveiled its Secure Asset Transfer Network, allowing firms to more efficiently transfer assets on-chain. The site also recently said that it has had over $150B in transferred assets since 2019.

Firms including Celsius, Revolut, PrimeTrust, BlockFi, Nexo, and Genesis have reportedly expanded or introduced new digital asset services utilizing Fireblocks’ crypto wallet infrastructure.