Fireblocks

FinTech

Founded: 2018

Last Round Valuation: $8B

Fireblocks is a leading developer of an advanced platform designed for enterprises, providing them with a highly secure infrastructure to facilitate the movement, storage, and issuance of digital assets. This cutting-edge platform empowers a wide range of financial institutions such as exchanges, lending desks, custodians, banks, trading desks, and hedge funds to effectively expand and enhance their digital asset operations. Fireblocks achieves this by leveraging the Fireblocks Network, a secure network, along with an innovative MPC-based (Multi-Party Computation) Wallet Infrastructure. Through the utilization of these robust technologies, Fireblocks enables organizations to confidently scale their digital asset operations while ensuring the utmost security and protection for their valuable assets.

Fireblocks Overview:

Fireblocks is an enterprise-grade platform that has established itself as a leader in providing secure infrastructure solutions for the movement, storage, and issuance of digital assets. Designed to meet the stringent security requirements of financial institutions and other businesses operating in the digital asset space, Fireblocks offers a comprehensive suite of tools and technologies.

One of the key offerings from Fireblocks is the Fireblocks Network, which serves as a secure and scalable infrastructure for digital asset operations. The Fireblocks Network enables seamless connectivity and communication among various participants in the digital asset ecosystem, including exchanges, lending desks, custodians, banks, trading desks, and hedge funds. By leveraging the Fireblocks Network, these entities can securely and efficiently transact and transfer digital assets, reducing risk and improving operational efficiency.

To ensure the highest level of security, Fireblocks employs a Multi-Party Computation (MPC)-based Wallet Infrastructure. MPC is a cryptographic technique that distributes key management and transaction signing across multiple parties, eliminating the need for a single point of failure. By utilizing MPC, Fireblocks eliminates the risks associated with traditional key storage and offers enhanced protection against unauthorized access and potential breaches.

Fireblocks' platform supports a wide range of digital assets, including cryptocurrencies, tokens, and stablecoins, allowing businesses to securely manage and store their digital holdings. The platform is built to handle large transaction volumes and can scale to meet the growing demands of institutional clients.

In addition to its robust security infrastructure, Fireblocks provides a suite of tools and features to enhance operational efficiency. These include secure wallet management, policy controls, auditing and compliance capabilities, and real-time monitoring and alerts. The platform is designed to streamline workflows, automate processes, and provide a seamless user experience for businesses operating in the digital asset space.

Fireblocks has established partnerships with industry-leading financial institutions and digital asset service providers, further enhancing its ecosystem and expanding its reach. By collaborating with trusted entities, Fireblocks aims to create a network effect that facilitates secure and efficient digital asset transactions on a global scale.

Overall, Fireblocks' enterprise-grade platform offers a comprehensive solution for businesses seeking secure infrastructure to manage their digital assets. With its emphasis on security, scalability, and operational efficiency, Fireblocks empowers financial institutions and other entities to navigate the complexities of the digital asset landscape with confidence.

Founders:

  • Michael Shaulov

  • Pavel Berengoltz

Top Investors:

  • Paradigm

  • Cyberstarts

  • Tenaya Capital

  • Swisscom Ventures

  • Ten31 AG

Funding History:


**We are currently working on gathering Fireblock’s financial history.**

In the News:

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