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Fireblocks

Leader

NYC institutional digital asset custody with MPC+chip isolation at $8B valuation (2022); $1.04B+ total, $4T+ transactions, NYDFS custodian charter 2024 and Dynamic $90M acquisition Oct 2025 serving BNY Mellon/BNP Paribas competing with Anchorage a...

81
AI Score
Grade A↑ Trending
AI Visibility Score (Beta)
Financial ServicesWebsiteUpdated March 2026

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.

Founded
2018
Headquarters
New York, New York, United States
Curated content • Fact-checked and verified

The Fireblocks Story

Founded in 2018
New York, New York, United States
Founded by Michael Shaulov, Pavel Berengoltz and 1 other

Founders

Michael ShaulovPavel BerengoltzIdan Ofrat

Recent Activity

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blog_post
Institutional Approval Workflows Don’t Match Hyperliquid’s Speed

The rise of Hyperliquid has made perpetuals, or perps, a dominant instrument in onchain trading over the past three years. The decentralized exchange (DEX) traded nearly $200 billion of perps in the past 30 days and has an open interest of over $11.5 billion, as of writing. Hyperliquid accounted for 9.3% of the global aggregate […] The post Institutional Approval Workflows Don’t Match Hyperliquid’s Speed appeared first on Fireblocks .

8-K
8-K — 8-K

Material Event filed 2026-08-05

10-Q
10-Q — 10-Q

Quarterly Report filed 2026-08-05

blog_post
One Stuck Transaction Shouldn’t Freeze Your Entire Operation

When a digital asset operation grinds to a halt, the cause is almost never the blockchain going down. It’s something far more common: a single transaction gets stuck, and every transaction lined up behind it is now stuck too. This is a structural property of blockchain networks like Ethereum. Transactions from the same account are […] The post One Stuck Transaction Shouldn’t Freeze Your Entire Operation appeared first on Fireblocks .

blog_post
Why Enterprise AI Agents Need a Wallet Layer

Most discussion about agentic payments describes the same consumer future, where your AI assistant books your flights, orders your groceries, buys your concert tickets, and maybe negotiates with the airline’s agent or splits the bill with your partner’s agent along the way. It demos well and it’s easy to picture, which is why most of […] The post Why Enterprise AI Agents Need a Wallet Layer appeared first on Fireblocks .

blog_post
A Masterclass on What You Need to Run Digital Assets at Scale

Our customers are running digital assets at serious scale. They’re processing payouts across dozens of chains, issuing embedded wallets to millions of end users, and closing audited books under new legislation. Our job is to keep shipping the infrastructure that makes that possible, and help our customers make the most of everything we’ve built. That’s […] The post A Masterclass on What You Need to Run Digital Assets at Scale appeared first on Fireblocks .

blog_post
A New Inter-Bank Tokenized Deposits Model for US Banks: The Cari Network x Fireblocks

Six chartered US banks are now collaborating on a shared tokenized deposit network. Fireblocks powers the institutional infrastructure layer underneath it. That network is the Cari Network, and together with its Design Partner Banks, it provides another proof point that the inter-bank problem in transaction banking is solvable when banks build together, rather than waiting […] The post A New Inter-Bank Tokenized Deposits Model for US Banks: The Cari Network x Fireblocks appeared first on Fireblocks .

blog_post
Why Wealth Managers in Australia Can No Longer Wait to Tokenize

With a licensing regime now in law in Australia, a world-first central-bank pilot behind us, and roughly A$3.5 trillion about to change hands, wealth managers need to determine what tokenized structures can now be made possible that traditional ones never could. The tokenized fund moment has arrived Tokenized funds and ETFs bring traditional vehicles onto […] The post Why Wealth Managers in Australia Can No Longer Wait to Tokenize appeared first on Fireblocks .

blog_post
London is Open for (Tokenized) Business

“By early next year, the UK is set to become the first G7 country to issue a Digital Sovereign Bond,” announced the Chancellor, Rachel Reeves, at Mansion House last week, in a speech that put tokenisation and agentic payments at the centre of the UK’s financial-services agenda. UK digital assets developments may not capture headlines […] The post London is Open for (Tokenized) Business appeared first on Fireblocks .

blog_post
What It Takes to Support Regulated Finance on Canton

Regulated financial markets did not avoid public blockchains because they were slow to understand the technology. It’s because the technology was not yet ready to meet their needs. A bank cannot run competitively sensitive positions and flows across a network where every participant sees every transaction. A broker-dealer cannot easily settle on infrastructure with no […] The post What It Takes to Support Regulated Finance on Canton appeared first on Fireblocks .

blog_post
Circle’s Gateway and CPN on Fireblocks: From USDC Access to USDC Operations

For trading firms, neobanks, and payments companies, stablecoins have become a prominent settlement layer across B2B payments, cross-border payouts, and treasury operations. Stablecoin volume hit $33 trillion in 2025, up 72% year on year — and earlier this year, monthly stablecoin settlement volume surpassed ACH for the first time. (Sources: DefiLlama, Jan 2023 to May […] The post Circle’s Gateway and CPN on Fireblocks: From USDC Access to USDC Operations appeared first on Fireblocks .

blog_post
Vietnam Is Set To Generate Digital Assets Growth At Home

This blog post was co-authored by Dea Markova and Ben Wilton. As a portion of its economy, Vietnam is one of the most active retail digital asset markets in the world. It is now building the rules to onshore all this activity. We think it is one of the most promising markets in ASEAN for […] The post Vietnam Is Set To Generate Digital Assets Growth At Home appeared first on Fireblocks .

Company Timeline

Major milestones in Fireblocks's journey

15
Total Events
5
Funding Rounds
1
Acquisitions
4
Product Launches

Leadership Team

Meet the leaders behind Fireblocks

Michael Shaulov

CEO & Co-Founder

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

Co-Founder & CTO

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

Co-Founder

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

Chief Financial Officer

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

Global Head of Retail & Fintech

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.

Chief Marketing Officer

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

81
↑ Trending

Based on estimated brand signals. Historical tracking coming soon.

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