Fireblocks Said to Buy Australian Blockchain Startup BlockFold

Fireblocks Inc., the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a Melbourne-based startup that helps financial institutions build blockchain-based systems, people with knowledge of the matter said.

Fireblocks paid about $10 million for BlockFold, said one of the people, who asked not to be identified as the deal hasn’t been publicly announced. Representatives for both companies declined to comment.

While Fireblocks already works with large financial institutions including Bank of New York Mellon Corp., BNP Paribas SA and the Tel Aviv Stock Exchange, it has predominantly offered them services around custody technology. ...