Share this article
Blockchain Security Firm Blockaid Raises $50M to Tackle On-Chain Threats
The funding will help the company scale operations as blockchain adoption accelerates.
Feb 18, 2025, 4:04 p.m.
What to know:
- Blockaid secured $50 million in Series B funding led by Ribbit Capital, with participation from GV and existing investors.
- The company say it scanned over 2.4 billion transactions and blocked 71 million attacks last year.
- Blockaid plans to expand its research and engineering teams to meet growing demand from financial institutions and Web3 companies.
Blockaid, a cybersecurity firm specializing in blockchain security, said it raised $50 million in a Series B funding round to help expand research, engineering and product development.
Ribbit Capital led the round, with backing from GV and existing investors including Variant and Cyberstarts, the company said. The funding comes as demand for blockchain security rises, with major financial institutions and fintech firms expanding their on-chain operations.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Blockaid, which started operations in 2023 and raised $27 million in a Series A round, provides real-time threat detection for blockchain transactions. The company integrates directly with wallets and decentralized applications (dapps) to secure users from malicious actors. Last year, the platform scanned more than 2.4 billion transactions and blocked 71 million attacks.
"While the blockchain itself is secure, on-chain applications and the users that interact with them are at risk," CEO Ido Ben-Natan said in a statement. "This investment will help us continue to advance our machine learning capabilities and expand our current offerings to stay ahead in a highly adversarial landscape of evolving threats."
Blockaid’s security network is used by companies such as Coinbase, MetaMask, Uniswap and Stellar.
The investment follows a surge in blockchain activity, with stablecoin transaction volume reaching $8.5 trillion in the latter half of 2024.
See also: More Than Half of Crypto Tokens Debuted in 2024 Were Malicious: Blockaid
Disclaimer: This article, or parts of it, was generated with assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
