Brand Intelligence Graphcompany
Company Overview
About Fireblocks
Fireblocks is a New York City-based digital asset infrastructure platform — backed with $1.04+ billion in total funding at an $8 billion valuation (January 2022) — providing 1,800+ institutional customers including BNY Mellon, Revolut, Worldpay, BNP Paribas, and Galaxy Digital with enterprise-grade digital asset custody, transfer, and operations through Multi-Party Computation (MPC) key management combined with hardware chip isolation security. Since inception, Fireblocks has secured $4+ trillion in digital asset transactions and created 130+ million wallets. In 2024, Fireblocks received a NYDFS qualified custodian charter and processed $60 billion in DeFi transactions. In October 2025, Fireblocks acquired Dynamic for $90 million — a developer-first wallet infrastructure platform supporting 50+ million onchain accounts for clients including Kraken, Zerohash, and Magic Eden — expanding institutional infrastructure into developer-accessible Web3 wallet tooling. Founded in 2018 by Michael Shaulov (CEO), Pavel Berengoltz, and Idan Ofrat.
Business Model & Competitive Advantage
Fireblocks' MPC-based custody architecture addresses the private key management challenge that has caused catastrophic losses in the institutional digital asset industry: traditional crypto custody requires storing private keys either on hardware devices (offline cold storage with operational inaccessibility) or internet-connected hot wallets (accessible but vulnerable to compromise). MPC key management (splitting private keys cryptographically such that no single party ever holds the complete key, requiring threshold signatures across Fireblocks' infrastructure, the institution's servers, and mobile device confirmation) eliminates the single point of compromise that made exchange hacks possible — while enabling real-time transaction authorization at the speed institutional trading operations require. The hardware chip isolation layer (executing the MPC computation inside secure Intel SGX enclaves) provides the tamper-resistant security that institutional compliance teams require for regulatory approval of digital asset custody operations.
Competitive Landscape 2025–2026
In 2025, Fireblocks competes in the institutional digital asset custody, digital asset operations infrastructure, and Web3 wallet infrastructure market with Anchorage Digital (OCC-chartered digital asset bank, $350M raised), BitGo (digital asset trust company, $700M raised), and Coinbase Prime (NASDAQ: COIN, institutional custody and trading) for bank, fintech, and institutional asset manager digital asset custody, staking, and tokenization infrastructure adoption. The NYDFS qualified custodian charter provides the regulatory status that institutional asset managers and registered investment advisers require to hold digital assets in custody at Fireblocks. The Dynamic acquisition expands Fireblocks from pure institutional custody into the developer and fintech market for self-custodial wallet creation and onchain account management. The 2025 strategy focuses on growing the tokenization platform (banks issuing tokenized bonds, money market funds, and securities on blockchain using Fireblocks' infrastructure), expanding the stablecoin payment capabilities, and integrating Dynamic's wallet SDK into the institutional platform for enterprise Web3 product development.
The Fireblocks Story
Founders
Recent Activity
View all →At Fireblocks, we rotated a funded NEAR account from Ed25519 to ML-DSA-65 in two transactions. The account kept its address, accepted another payment, and sent funds using the new key. The critical choice was the sequence: the new key signed the transaction that retired the old one. Why We Need to Start Planning for Migration […] The post Keys, Post-Quantum and Everything: Rotating a Live NEAR Account to ML-DSA-65 appeared first on Fireblocks .
Guest blog written by the Magma Devs Team. Digital asset institutions build security in layers: key management, custody, transaction policies, simulations and seamless and unblocked transaction signing. Custody and key management are signed off, and policies are thoroughly tested. Yet every one of those controls builds on top of the data layer, the RPC infrastructure […] The post Can You Trust Your Blockchain Data? appeared first on Fireblocks .
The Fireblocks cryptography research team found a complete forgery in a post-quantum signature candidate: a valid signature for any message can be constructed from the public key alone in a fraction of a second on a laptop. The scheme is Shipovnik, a post quantum signature candidate in TC26, Russia’s technical committee for cryptography. If it […] The post Complete Forgery of a Post-Quantum Signature Candidate: Shipovnik appeared first on Fireblocks .
On July 15, Citadel Securities used Fireblocks to take part in DTC’s live tokenization production initiative. The event marked a significant step toward the launch of the DTCC Tokenization Service in October 2026, and demonstrated the value of Fireblocks for an institution of the scale of Citadel Securities. Why Citadel Securities Chose Fireblocks As one […] The post Citadel Securities Harnesses Fireblocks For DTC Tokenization Initiative appeared first on Fireblocks .
Digital asset markets have grown rapidly, but the infrastructure supporting institutional participation remains fragmented. Firms must connect to multiple venues, manage assets across separate systems and navigate market structures that often fall short of the standards they expect in traditional finance. EDX and Fireblocks are working together to address different parts of that challenge. Through […] The post Q&A: EDX and Fireblocks on Institutional Access and Asset Movement appeared first on Fireblocks .
The Senate’s cloture vote on the Digital Asset Market CLARITY Act (H.R. 3633) failed on September 15, 2026, by a margin of 49 to 50. That is 11 votes short of the 60 needed to open formal debate. Every Democrat present voted no, and four Republicans joined them. The Senate never reached the bill itself. […] The post What the Failed CLARITY Act Vote Means for Institutional Digital Asset Operations appeared first on Fireblocks .
In traditional payments, credit is invisible infrastructure (it’s magic! It’s actually not, someone is paying for that). When a large PSP initiates a payout run, they’re not necessarily moving their own cash in real time. There’s a web of credit facilities, settlement floats, and short-term financing arrangements running in the background that keeps the whole […] The post Four Ways the Market is Financing Stablecoin Payouts appeared first on Fireblocks .
We have spent the last several years working with more than 100 banks to help them build their digital asset capabilities. Across nearly every conversation, the driver is the same: digital assets compress the time between a client’s intent and its execution. ATMs did this for cash access. Electronic trading did it for equity execution. […] The post Why Capturing the Value of Digital Assets Comes Down to One Decision appeared first on Fireblocks .
A year ago, we wrote about the momentum building in the UAE: the regulatory frameworks taking shape, the crypto native firms setting up in Dubai, the banks starting to pay attention. That piece was about potential. The Financial Grid, our 2026 survey of more than 600 banking and corporate decision makers, gives us the first […] The post The Financial Grid Middle East: From Pilot to Production 2026 appeared first on Fireblocks .
1. What Happened  On 1 September 2026, MAS published a consultation paper with draft amendments to bring its single-currency stablecoin (MAS-SCS) framework into force under the Payment Services (PS) Act. This is the legislation the industry has awaited since MAS finalised its approach in August 2023. It was initially expected in Q4 2025. The consultation […] The post MAS Moves to Legislate Singapore’s Stablecoin Framework: What it Means for Fireblocks and Our Customers appeared first on Fireblocks .
Collateral is the largest, least glamorous inefficiency in capital markets. Nasdaq and The ValueExchange surveyed firms that sit across the collateral chain: investment banks, custodians, prime brokers, asset managers and CCPs. The research showed that, among them, the average managed collateral pool is USD 74 billion, a quarter of which earns nothing. This is due […] The post Collateral Mobility Is About to Leave the Sandbox appeared first on Fireblocks .
We wrote a fully FIPS 204-compliant ML-DSA-44 signature verifier that runs on today’s EVM, at 1.23M gas per verification. That is 6.6× cheaper than the previous state of the art, 8.09M gas. We ran this as an autonomous auto-research project: 144 agents across nine days, spending around $7,500 on inference. At the average gas price […] The post Post-Quantum Signatures on Ethereum Just Got 6.6× Cheaper appeared first on Fireblocks .
Company Timeline
Major milestones in Fireblocks's journey
Leadership Team
Meet the leaders behind Fireblocks
Michael Shaulov
Michael Shaulov is CEO and co-founder of Fireblocks, serving since July 2018. A serial cybersecurity entrepreneur, he previously co-founded Lacoon Mobile Security (acquired by Check Point) and served as Head of Products, Mobile and Cloud Security at Check Point. Before his commercial endeavors, Michael pioneered mobile security in an elite military technological unit (8200), receiving the Israeli Presidential Excellency Honor for his contributions.
Pavel Berengoltz
Pavel Berengoltz co-founded Fireblocks and brings extensive experience in financial technology and risk management. He previously worked at Check Point Software where he and Shaulov investigated the South Korean cryptocurrency exchange breach that inspired Fireblocks' founding.
Idan Ofrat
Idan Ofrat co-founded Fireblocks, contributing his deep software engineering and cybersecurity expertise to build the company's foundational Multi-Party Computation technology and secure infrastructure.
Michael Levine
Michael Levine steers Fireblocks' growth strategy as CFO, leveraging over 30 years of experience building and scaling technology and financial services companies to guide the company through its rapid expansion.
Deborah Barta
Deborah Barta focuses on enabling the retail and fintech sectors to thrive within the digital asset space, bringing robust industry expertise from her 15-year tenure at Mastercard where she held senior leadership positions.
Michal F.
Michal F. leads Fireblocks' global marketing strategy, brand development, and market positioning as the company expands its presence across institutional finance, fintech, and digital asset markets.
Key Differentiators
Market Leader
Fireblocks is recognized as a market leader in the Fintech sector, demonstrating strong industry presence and customer trust.
Frequently Asked Questions
Estimated Visibility Trend (Beta)
Simulated 8-week rolling score
Based on estimated brand signals. Historical tracking coming soon.
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