The security of digital assets is absolutely critical in ensuring widespread adoption and this has led to the emergence of countless digital-asset-as-security-service offerings. Fireblocks has emerged as a leader in digital asset security, with a growing number of companies rely-ing on Fireblock’s platform to securely store, transfer, and issue digital assets. The compa-ny has facilitated the transfer of over $150B+ in digital assets for local and international companies since its launch, $23B+ worth of digital assets transferred in Q3 alone, and the company has tripled its customer base already in Q4. AlleyWatch caught up with Co-founder and CEO Michael Shaulov to learn more about how Fireblocks provides the criti-cal infrastructure needed for enterprises to scale digital asset exposure, the company’s growth, and recent funding round from investors that include Paradigm, Cyberstarts, Tenaya Capital, Swisscom, Galaxy Digital, Digital Currency Group (DCG), and Ce-dar Hill Capital.
My market cap target for bitcoin is $2 Trillion, or $100,000 per bitcoin ever to be mined. This target is predicated on bitcoin growing its market share of store of value from 2% today to 17% by 2024 (assuming gold holds its current market cap of $12.5 trillion).
As a crypto investor, Zac Prince recognized how underdeveloped the ecosystem for financial products around crypto was. He cofounded BlockFi to advance the digital asset economy by enabling crypto to be used to help people achieve their financial goals within the existing finance ecosystem. Today, BlockFi offers interest-bearing crypto accounts, lending using crypto as collateral, and plans to roll out a credit card with crypto rewards. Zac shares some more insight about the company’s impressive traction ($1.5B+ AUM), the product pipeline, and latest round of funding from investors that include Morgan Creek Digital, Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, and Kenetic Capital. BlockFi is the only company that comes to mind that closed its Series A, B, and C rounds all within a period of 12 months!
Distributed ledger trading and new crypto finance products are swiftly being adopted by financial institutions across the globe. Curv unlocks this market for participants and accelerates institutional adoption of its security infrastructure. The company’s unique multi-party computation (MPC) technology eliminates the need for private keys on obsolete hardware and is completely cloud-based. CEO and Cofounder Itay Malinger shares more on the partnerships that traction the company has built, the security benefits of the technology, fundraising during the pandemic, and the company’s latest round of funding, which brings the total funding raised to $29.5M since 2018.
It has been said that trust is the real flaw of the banking system. Inevitably counterparties must outsource their trust in each other to the bank as an intermediary, and with recent headlines, we can see that consumer confidence in banks is weakening.
I grew up believing in American exceptionalism. That the U.S. was better than other nations. That’s what I was taught. When I looked around, that’s what I saw. But among many other lessons, Trump has taught me that the U.S. is a banana republic, just like most other/every other nation in the world. And that actually makes […]
I was the first person to call Mark Zuckerberg in 2004 and offer to buy the company (I was running Bolt at the time). In March, 2010, I published the first Wall Street style research report on Facebook on a Tumblr blog, with a $100 billion five year price target (it was actively trading in the private markets at […]
The global market for digital assets is estimated to be northwards of 300 billion, and while there are many digital coins on the market, traditional investors have focused primarily on Bitcoin, thus losing out on exposure to lsrge segment of the digital asset market. Altonomy fills a gap in the market through its OTC sell-side trading […]
The anonymity of blockchain is one of its biggest selling points but at the same time, it also causes one of the largest problems – security. In order for widespread adoption to occur, everyone needs to feel certain that their assets will be protected and the tales of losing millions of dollars worth of […]
Target Price = $50,000 (assumes $1 Trillion valuation and 20,000,000 BTC, fully diluted) I’ve been around the block. In the 90s I was an equity analyst following media companies at Goldman Sachs. I loved it. But the internet came calling, and I jumped in. After my 2nd company, I became an angel investor and then a VC. […]
While I focus on crypto, I’ve written a lot about Facebook over the years. I was the original Facebook bull following the publication of the first Wall Street style research report on Facebook in March of 2010. In April of 2017, I started writing about “The Profound Implications of Five Increasingly Dominant Tech Companies” (Facebook, […]