Fireblocks

What is Fireblocks?

Fireblocks is an enterprise-grade digital asset and stablecoin infrastructure platform used by financial institutions, fintechs, exchanges, and Web3 companies to securely store, move, and issue digital assets at scale. Founded in 2018 and headquartered in New York, the company was built by cybersecurity veterans from Check Point Software Technologies who observed firsthand how poor key management led to catastrophic exchange hacks — most notably the 2017 Lazarus Group attack that drained roughly $200 million from South Korean exchanges. That origin shapes everything: Fireblocks treats custody security not as a checkbox but as the fundamental architectural constraint around which its entire product is designed.

Today, more than 2,400 organizations — including BNY, Galaxy Digital, and Revolut — use Fireblocks to process transactions, and the platform has secured over $10 trillion in total digital asset transaction volume across 100+ blockchains and 300+ million wallets.

The Problem It Solves

Institutions moving value in digital assets face three converging challenges. First, private key management is catastrophically unforgiving: a lost or stolen key means permanent loss of assets with no recourse. Second, operational complexity grows rapidly when managing multiple blockchains, counterparties, and compliance requirements simultaneously. Third, traditional payment infrastructure is too slow and costly for the settlement windows that digital assets demand. Fireblocks addresses all three through a single integrated platform rather than requiring separate custody, settlement, and compliance tools.

How It Works: MPC-TSS Architecture

At the core of Fireblocks is Multi-Party Computation using Threshold Signature Schemes (MPC-TSS). Rather than generating a single private key that a single entity controls, MPC-TSS distributes independent cryptographic key shares across multiple parties and hardware environments. A valid signature requires a threshold of these shares to cooperate — no single share is ever sufficient, and no single point of failure can expose the underlying key. The shares are geographically distributed and stored in isolated hardware or trusted execution environments, further protected by Intel SGX chip isolation technology.

This approach provides stronger security guarantees than traditional hardware wallets or multi-signature schemes without introducing the coordination overhead or inflexibility of on-chain multisig. For institutional users, it means direct custody — assets never pass through a third-party custodian — while maintaining enterprise-grade access controls and auditability.

Key Features

Vault and Wallet Management: Fireblocks offers treasury wallets, wallet-as-a-service for embedding wallets into applications, and cold wallet custody. Organizations can manage thousands of vault accounts programmatically through the REST API with TypeScript, Python, and Java SDKs.

Policy Engine: A rule-based transaction governance layer lets institutions define and enforce spending limits, approval workflows, and counterparty whitelists without writing smart contracts. This is critical for regulated entities that need documented, auditable controls.

Stablecoin Payments and the Fireblocks Network: Fireblocks operates a permissioned settlement network connecting institutional counterparties directly, enabling near-instant settlement versus the 12+ hour delays of traditional correspondent banking. The platform supports stablecoin payment rails and a merchant-facing Flow product that lets PSPs and fintechs accept stablecoin payments at checkout.

DeFi and Smart Contract Interaction: Fireblocks provides a DeFi security suite that screens smart contracts and transactions before execution, helping institutions interact with on-chain protocols while maintaining compliance controls.

Tokenization Engine: The platform supports issuance, management, and distribution of tokenized assets across both EVM and non-EVM chains, with embedded compliance hooks for regulated issuances.

Staking: Fireblocks supports native staking for Ethereum, Solana, and Polygon, among others, through both a UI workflow and full API programmability.

Solana Integration

Fireblocks has deepened its Solana support significantly. In January 2026, the company announced three native Solana capabilities:

Native Program Calls: Decoded transaction views that give institutional operators full transparency into what a smart contract interaction will do before it executes — addressing a longstanding compliance concern about opaque on-chain operations.

Gasless Transactions: Fireblocks allows businesses to designate a central vault account as the fee payer for all Solana transactions, eliminating the need to pre-fund every wallet with SOL for gas. This reduces operational overhead substantially for applications managing large numbers of wallets, such as payment processors or exchanges.

Solana Tokenization Engine: The native tokenization feature enables enterprises to create, manage, and distribute Solana-based digital assets within the Fireblocks security perimeter and compliance framework.

Combined with existing support for SOL transfers, Solana staking, and SPL token management, these additions position Fireblocks as a primary on-ramp for institutions looking to participate in the Solana ecosystem at scale.

Security and Compliance Certifications

Fireblocks holds an unusually comprehensive certification stack for a crypto infrastructure company. In 2022, it became the first crypto technology company to achieve all three relevant ISO certifications simultaneously: ISO/IEC 27001 for information security management, ISO/IEC 27017 for cloud security controls, and ISO/IEC 27018 for protection of personally identifiable information in the cloud. It also holds SOC 2 Type II certification and is the world's first company to achieve Cryptocurrency Security Standard (CCSS) Qualified Service Provider Level 3, a crypto-specific standard covering wallet and key management practices. These certifications are material for institutions operating in regulated jurisdictions where technology vendor certification requirements are enforceable.

Team and Background

Fireblocks was co-founded by Michael Shaulov (CEO), Idan Ofrat (CPO), and Pavel Berengoltz (CTO). All three spent years at Check Point Software before founding the company, bringing a cybersecurity-first perspective to digital asset infrastructure. The company has raised $1.04 billion in total venture funding, including a $550 million Series E at an $8 billion valuation in January 2022 co-led by D1 Capital Partners and Spark Capital. Other investors include Sequoia Capital, General Atlantic, Altimeter Capital, Index Ventures, CapitalG, ICONIQ Growth, and ParaFi Capital.

Ecosystem Fit

Fireblocks sits at the institutional entry point to Solana. Its role is not as a consumer wallet or DeFi protocol but as the custody, settlement, and compliance layer that allows banks, payment processors, asset managers, and exchanges to access Solana's throughput and cost profile while meeting their own internal and regulatory requirements. The Solana Foundation has formally recognized this relationship, positioning Fireblocks as part of the infrastructure stack enabling institutional treasury operations and stablecoin settlement on Solana at sub-cent settlement costs.