Oryon
Portfolio indexActive · Series B · 2020
ActiveInstitutional & policy

Fireblocks

CategoryCustody · Institutional
HeadquartersNew York
FoundersMichael Shaulov, Idan Ofrat, Pavel Berengoltz
— Overview

Fireblocks provides digital asset infrastructure to over 2,000 institutional customers including banks, hedge funds, and Fortune 500 treasuries. The MPC-based custody stack has settled more than $4 trillion in cumulative volume since 2020.

The platform's Network product connects institutional counterparties for real-time settlement of digital assets — a rail that has become critical infrastructure for OTC desks, exchanges, and market makers globally.

In 2026 Fireblocks is expanding into tokenized real-world assets, with pilots underway alongside two of the largest global asset managers to bring traditional funds on-chain.

— By the numbers
$4T
Cumulative volume
2,000+
Institutional clients
1,800+
Assets
2018
Founded
— Investment
Round
Series B 2020
Our role
Participant
Check size
$4M
Co-investors
Paradigm · Stripes · Coatue
— Our thesis

Institutional custody with an MPC design that scaled where hardware-based custody could not. We supported the Series B on that thesis.

— Team
MS

Michael Shaulov

CEO & Co-Founder
IO

Idan Ofrat

CTO & Co-Founder
PB

Pavel Berengoltz

VP R&D & Co-Founder
SR

Stephen Richardson

Chief Strategy Officer
— Timeline
  1. 2018Founded in Tel Aviv by Michael Shaulov and team
  2. Q2 2020Oryon Series B
  3. Q1 2022$8B Series E, unicorn status
  4. Q1 2026RWA pilot with global asset manager
— Latest update

Cumulative settled volume passed $4T. RWA pilots live with two large global asset managers.

— In the press

Fireblocks is the plumbing every institutional crypto desk runs on.

Bloomberg, 2024