Blockchain infrastructure service provider, Fireblocks has announced it has recorded $100 million in Annual Recurring Revenue (ARR).
"For the digital asset industry, 2022 has been a year of consolidation as well as tremendous growth," said Fireblocks Co-founder and CEO Michael Shaulov. "We saw an unprecedented volume of new market entrants, including fintech, Web3 startups, banks, and PSPs.
Shaulov also noted that its unique "MPC custody and treasury management technology, which has become one of the most fundamental pieces of infrastructure for the digital asset ecosystem, we have seen first-hand the innovation happening among fintechs, Web3 startups, banks, and PSPs who are diligently bringing new digital asset products to market. We will continue growing our secure and scalable product suites to meet this market demand and support every business joining the decentralized economy."
This feat was achieved in just four years since the unicorn's first product went live. It...
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