Fireblocks: Powering Institutional Access to Digital Assets

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Fireblocks serves as the infrastructure backbone for institutions entering the digital asset space. Trusted by leading financial institutions, fintech companies, and crypto-native organizations, Fireblocks processes 15% of all Bitcoin transactions and handles between 10-30% of blockchain transactions across multiple networks, making it a critical player in global crypto infrastructure.

MPC Wallet Technology: Setting the Standard for Security

Fireblocks pioneered MPC (Multi-Party Computation) wallet technology, which has become an industry standard for secure digital asset management.

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But what does MPC mean?

MPC technology enhances security by splitting control of digital assets across multiple parties instead of relying on a single private key. This ensures that even if one part is compromised, the assets remain secure. Fireblocks recently upgraded this technology with the new MPC BAM algorithm, which is 100x faster, enabling:

• Lightning-fast transactions across different blockchains
• Retail-like payment experiences for institutional clients
• Enhanced security to safeguard assets in an evolving threat landscape

This breakthrough positions Fireblocks as the leading independent provider of MPC technology, particularly after competitors were acquired by PayPal and Coinbase.

Off-Exchange Solution

To address counterparty risks highlighted by the FTX collapse, Fireblocks introduced a groundbreaking Off-Exchange Settlement System. Using MPC technology, it allows exchanges and clients to share control of accounts, minimizing risk while maximizing transparency.

Currently, over $500 million is securely locked in these shared control accounts, giving institutions the confidence to engage in crypto markets without exposing themselves to unnecessary risks.

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Accessing DeFi Safely and Seamlessly

Fireblocks empowers institutions to tap into the growing DeFi ecosystem with:

• Vetted Protocol Integrations: Blue-chip protocols like Uniswap are built directly into the interface.
• Security Screening: Over 160 malicious attempts have been blocked, ensuring institutions can operate safely.
• Smart Contract Allowance Management: Fine-grained control over smart contract permissions minimizes vulnerabilities.

By providing safe, regulated access to DeFi, Fireblocks bridges traditional finance with the innovative world of decentralized systems, enabling institutions to participate in a market now exceeding $X billion in Total Value Locked (TVL).

Tokenization Engine

Fireblocks enables institutions to create and manage digital assets, from stablecoins to tokenized money market funds. The platform has helped launch several major tokenized products, including BlackRock's initiatives.

We interviewed Michael Schaulov in our latest podcast episode of the Digital Assets Season.

The conversation offers unique insights into:

• The evolution of institutional crypto infrastructure
• How traditional banks are preparing to enter digital assets
• The future of stablecoins and payment systems
• Regulatory developments in the US market
• Creative use cases for tokenization

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