Fireblocks is an enterprise technology solution designed to facilitate the safe storage, transfer, and issuance of digital assets across applications and sectors, including finance, banking, and cryptocurrency operations. Its platform is a critical infrastructure for the digital asset space, offering institutions a secure and efficient way to manage their blockchain-related operations.
| Product | Market Share (%) |
|---|---|
| Fireblocks | 34.4% |
| Ledger Vault | 13.2% |
| Gemini Custody | 11.7% |
| Other | 40.7% |
Fireblocks' platform is built with several core technologies that ensure the highest level of security and operational efficiency in handling digital assets. At its heart is the MPC-CMP algorithm, providing an advanced cryptographic framework for key management and transaction signing, significantly reducing the attack surface compared to traditional private key management systems. Additionally, the platform features a secure enclave and a policy engine for automating governance and compliance processes, making it easier to enforce security protocols and regulatory standards.
What are the key features of Fireblocks?
Key benefits for business executives include risk management, market accessibility, and competitive advantage.
In summary, Fireblocks provides a robust foundation for businesses looking to engage with the digital asset ecosystem securely and efficiently. Its focus on security, compliance, and operational efficiency makes it an essential tool for enterprises navigating the complexities of the digital asset landscape.
Tel Aviv Stock Exchange, National Australia Bank, BNP Paribas, BNY Mellon, Revolut, Kriptomat, Independent Reserve, Bit2Me, Genesis Capital, Galaxy Digital, QCP Captial, BlockFills, Woorton, Worldpay
| Author info | Rating | Review Summary |
|---|---|---|
| Arquitecto de tecnología at Banco de Crédito BCP | 4.5 | We are implementing custodial services for cryptocurrencies at our bank. Fireblocks' user-friendly console, secure private key management, and responsive support impressed us, though we face integration challenges with Red Hat. We chose Fireblocks over BitGo and Paxos. |
| Chief Technology Officer at FreeBnk | 4.0 | We primarily use Fireblocks for cryptocurrency custody, valuing its security, stability, and detailed visibility into transactions. While Fireblocks justifies its cost, improvements are needed in blockchain activity visibility and self-service issue tracing to enhance efficiency. |
| Full Stack Developer at Rainbet | 4.5 | Fireblocks offered a comprehensive crypto tool that initially presented some confusion, but their support and manual revisions helped us navigate it. However, PHP support was lacking, requiring reliance on forum guidance to resolve coding issues. |
| CTO at a financial services firm with 11-50 employees | 4.5 | No summary available |
| Senior Software Engineer - Blockchain at Confidential | 4.0 | Fireblocks serves as a custodial wallet for managing cryptocurrency vault accounts, allowing users to oversee digital assets collectively, including NFTs and Bitcoin. However, its API could improve by auto-refreshing account balances post-transaction without separate API calls. |
