Fireblocks in Talks to Raise Funds for Buyback of Staff Shares

Fireblocks Inc., the crypto infrastructure company backed by Sequoia Capital and Coatue Management, is in talks to raise money to buy back shares from employees, people familiar with the matter said.

The New York-based company has hired Citigroup Inc. to advise on the deal, the people said, asking not to be named discussing confidential information. The process is in the early stages, they said. It wasn’t clear what the offering may value Fireblocks at, or the amount of shares the company is looking to buy.