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Founded
2018-01-01 in Tel Aviv, Israel
Headquarters
New York, New York, United States

Fireblocks is the world’s most trusted digital asset and stablecoin infrastructure platform, enabling financial institutions, fintechs, exchanges, banks, and Web3 companies to build, secure, and scale digital asset operations. Founded in 2018 by cybersecurity veterans Michael Shaulov, Idan Ofrat, and Pavel Berengoltz—who previously worked together at Check Point Software Technologies—the company emerged from an investigation into the 2017 Lazarus Group hack of South Korean exchanges. The founders recognized that existing security solutions were inadequate for enterprise digital asset management and developed a platform combining multi-party computation (MPC) and patent-pending chip isolation technology to eliminate single points of compromise. Fireblocks serves over 2,000 financial institutions globally, processing more than $7 trillion in transactions cumulatively. Its unified platform includes Treasury Management, Wallet-as-a-Service, Payments, Tokenization, Embedded Wallets, and the Fireblocks Network—a proprietary settlement network connecting liquidity providers, exchanges, custodians, and banks. The company also offers stablecoin infrastructure with built‑in compliance, enabling fast global payments and treasury operations. Headquartered in New York, Fireblocks has raised over $1 billion in funding across multiple rounds, reaching an $8 billion valuation in 2022. It employs approximately 656 people as of late 2023, with offices in Tel Aviv, London, Singapore, and other global hubs.

Detailed Review

Fireblocks is the dominant infrastructure layer for institutional digital asset operations, bridging the gap between traditional finance and blockchain‑based markets. Its core value proposition is security: the platform’s multi‑layer architecture uses MPC to split private‑key signing across multiple parties, combined with hardware‑isolated secure elements (chip‑isolation technology) to protect keys even if an endpoint is compromised. This eliminates the need for vulnerable hot‑wallet deposit addresses and reduces the attack surface for hackers.

Product Suite

The platform’s product suite is designed to cover the full lifecycle of digital asset management: - Treasury Management – Centralized dashboard to move, swap, stake, and automate digital asset operations across 80+ blockchains and 30+ exchange integrations. - Wallet‑as‑a‑Service (WaaS) – White‑label wallet infrastructure for fintechs to offer crypto custody to their end users, with configurable security policies. - Payments – Stablecoin‑focused payment rails that enable real‑time cross‑border settlement, with compliance controls for AML/CFT. - Tokenization – Tools to issue, manage, and custody tokenized real‑world assets (RWAs) and smart‑contract operations. - Embedded Wallets – Non‑custodial wallet solutions for consumer‑facing apps, using MPC to give users self‑custody while the business retains operational control. - Fireblocks Network – A private, permissioned settlement network connecting 2,000+ counterparties, enabling instant, low‑cost transfers without on‑chain fees.

Add-on Modules

Fireblocks also provides add‑on modules: Off Exchange (off‑chain settlement with exchange‑cleared trades), Staking (validator delegation for proof‑of‑stake networks), Automation (rule‑based treasury workflows), and KeyLink (hardware security module integration).

Clients and Partnerships

The company’s client roster includes major banks (e.g., ABN AMRO), fintech giants (Revolut), trading firms (GSR, QCP), and payment processors (Bridge, Flutterwave). Fireblocks was an early mover in the stablecoin‑payments space, launching the Fireblocks Network for Payments in September 2025, and continues to expand through partnerships with blockchain foundations (Solana, Stellar, TON) and stablecoin issuers (PayPal PYUSD).

Funding and Financials

Funding history: Series A ($16M, 2018), Series C ($133M, 2021), Series D ($310M, 2021), Series E ($550M, 2022 – valuation $8B). Total funding exceeds $1B. The company has not revealed profitability, but reported $113.7M ARR in December 2023.

Risks

Key risks include regulatory uncertainty in digital assets, increasing competition from other custody/ infrastructure providers (e.g., Coinbase Prime, BitGo, Anchorage), and the inherent volatility of the crypto market.

Key Products

  • Payments

    Enables faster, safer global stablecoin payments with built‑in compliance.

  • Treasury Management

    Secure, control, and automate operations for digital asset portfolios.

  • Wallet‑as‑a‑Service

    Protect, scale, and optimize crypto wallets for institutional use.

  • Tokenization

    Tokenize assets and manage smart contract operations.

  • Embedded Wallets

    Create white‑labelled wallets for consumer and retail applications.

  • Fireblocks Network

    Direct connectivity to the entire digital asset ecosystem (2,000+ counterparties).

  • Stablecoin Infrastructure

    Move, manage, hold, and issue stablecoins with built‑in compliance.

  • Wallet-as-a-Service

    Protect, scale, and optimize crypto wallets with flexible hot, warm, and cold key management.

  • Payments (Stablecoin Infrastructure)

    Enable faster, safer global stablecoin payments with built-in compliance; part of the Fireblocks Network for Payments covering 100+ countries.

  • Security Platform

    Multi-layer security using MPC, chip isolation, real-time DeFi threat detection, transaction simulation, and a granular policy engine.

  • Wallet-as-a-Service (WaaS)

    White‑label wallet infrastructure enabling fintechs to offer custodial wallets to their users with configurable security policies.

  • Off Exchange

    Off‑chain settlement module that enables exchange‑cleared trades without moving funds to exchange wallets.

  • Staking

    Validator delegation service for proof‑of‑stake blockchains, allowing clients to earn staking rewards.

  • Automation

    Rule‑based treasury automation for recurring operations (e.g., rebalancing, gas‑station top‑ups).

  • KeyLink

    Hardware Security Module (HSM) integration for enterprise‑grade key management.

Offices & Headcount

656 employees (approx.)

Key Persons

Exhibition History

Related Companies

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