Fireblocks, a leading enterprise platform for managing digital asset operations, has announced the expansion of its highly secure MPC-CMP wallet and key management technology. This expansion includes support for HSMs (Hardware Security Modules) and public and private cloud, including providers such as Thales, Securosys, AWS, GCP, and Alibaba Cloud.
With these new capabilities, banks and financial institutions can leverage Fireblocks’ industry-leading security and technology stack to quickly bring their digital asset initiatives into production while meeting their risk, compliance, and regulatory requirements. Notably, Fireblocks already has a strong track record of working with major banks and financial institutions, including BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO, BTG Pactual, Tel Aviv Stock Exchange, and SIX Digital Exchange. These institutions have successfully built digital asset custody, trading, clearing, and settlement services, as well as tokenized financial products like fiat currencies and central bank digital currencies (CBDC).
According to Orly Grinfeld, EVP and Head of Clearing at Tel Aviv Stock Exchange, Fireblocks played a crucial role in helping the exchange bring its digital treasury bond initiative, Project Eden, from ideation to go-live in just five months. By working closely with Fireblocks and leveraging their extensive compliance and security capabilities, the Tel Aviv Stock Exchange was able to ensure the security of its entire workflow operations and streamline vendor deployment to bring Eden live quickly.
To accommodate the diverse IT infrastructure and security policies of financial institutions, Fireblocks offers a range of deployment options. This includes support for HSMs from leading providers like Thales and Securosys, as well as expanded support for cloud-based secure enclaves such as AWS Nitro, GCP, Alibaba Cloud SGX, and Azure SGX. Additionally, Fireblocks enables customers to host all MPC key shares across multiple servers in their own data centers and cloud. The platform also offers dedicated single-tenant cloud environments and has established new cloud data centers in the EU, Switzerland, and Hong Kong to complement its existing US data centers.
Sarthak Pattanaik, CIO of Digital Assets, Treasury Services, Clearance, and Collateral Management at BNY Mellon, expressed excitement about the continued collaboration with Fireblocks. He noted that Fireblocks’ services support BNY Mellon’s efforts to address the needs of its institutional clients in the evolving financial ecosystem, including blockchain technologies.
Fireblocks CEO Michael Shaulov emphasized the business-first approach of the Fireblocks platform and its commitment to helping banks and financial institutions quickly transition from proof-of-concept to production. He highlighted Fireblocks’ successful track record of bringing 50 banks into the digital asset space and expressed enthusiasm for further supporting this segment by providing the right infrastructure for any bank or financial institution to launch their digital asset offerings.
Fireblocks offers key components that assist banks and financial institutions in bringing their digital asset products to production. The Fireblocks Network connects a large consortium of regulated financial institutions that have implemented digital assets on the blockchain, allowing companies to execute their business strategies quickly. Fireblocks APIs enable direct integration with leading core banking systems like Temenos, Avaloq, and FIS. Furthermore, Fireblocks’ tokenization capabilities support the end-to-end lifecycle management for tokenized assets, and its Policy Engine ensures secure workflows within the Fireblocks console.
To learn more about Fireblocks’ new offerings for banks and financial institutions, visit their website. Fireblocks is an enterprise-grade platform that offers a secure infrastructure for moving, storing, and issuing digital assets. The platform has successfully facilitated the transfer of over $4 trillion in digital assets and provides a unique insurance policy covering assets in storage and transit.