In an increasingly digital financial ecosystem, blockchain and digital assets are gaining significant ground. Leading the charge in facilitating this transition is Fireblocks, an enterprise platform specializing in managing digital asset operations and fostering blockchain-based businesses.Â
The company recently announced an expansion of its secure MPC-CMP wallet and key management technology to include support for Hardware Security Modules (HSMs), and public and private cloud services, such as Thales, Securosys, AWS, GCP, and Alibaba Cloud.
Fireblocks’ latest development allows for flexible deployment models, making it seamless for banks and financial institutions to adapt the Fireblocks platform to their existing IT infrastructure.
This accelerates the implementation of digital asset initiatives while ensuring risk, compliance, and regulatory requirements are met.
Building Trust In The Transition To Digital Assets
Fireblocks has been a trusted partner for several globally recognized banks and financial institutions, helping them bring their digital asset strategies to fruition. Among its clients are BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO, BTG Pactual, Tel Aviv Stock Exchange, and SIX Digital Exchange.Â
These establishments have leveraged Fireblocks’ platform to create a range of digital asset services, from custody, trading, clearing, and settlement services, to the tokenization of financial products like tokenized fiat, central bank digital currencies (CBDC), and even carbon credits.
Take the Tel Aviv Stock Exchange for example, it used Fireblocks’ technology to take its digital treasury bond initiative — Project Eden — from concept to execution in just five months. This project involved premier international banks such as Goldman Sachs, Deutsche Bank, and JP Morgan, acting as primary dealers.
Comprehensive Support For Seamless Integration
Fireblocks’ expanded offerings aim to ensure that banks, asset managers, financial market infrastructure, and central banks can effortlessly integrate the Fireblocks platform into their existing IT infrastructure and security policies. The new features include HSM support with an open interface that can tap into leading providers like Thales, Securosys, and other compatible HSMs.
Moreover, Fireblocks is extending its support for cloud-based secure enclaves, integrating with services such as AWS Nitro, GCP, and Alibaba Cloud SGX, and maintaining its existing Azure SGX support. It’s also enabling customers to host all MPC key shares across multiple servers in their data centers and cloud infrastructure.
In addition to this, Fireblocks is expanding its presence with new cloud data centers in the EU, Switzerland, and Hong Kong, augmenting its current data centers in the US. It’s also providing a dedicated single-tenant cloud environment.
