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 →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 .
Today, Open Standard launched Open USD (OUSD). Visa, Mastercard, Google, and 140+ of the world’s largest financial institutions and payment companies are a part of the Open Standard, with Fireblocks as a key infrastructure partner. This is an inflection point: digital assets are becoming a crucial part of how value moves around the world, underpinning […] The post OUSD: A New Stablecoin for Global Money Movement appeared first on Fireblocks .
Of the 290 banks that lead the world in transaction banking, meaning those with material FX, card-issuing, cash-management, and trade-finance businesses, just ten (3.4%) have a live tokenized deposit or stablecoin capability today. Around 21% are live or committed to launch by June 2027, according to our analysis. That gap, 3.4% live against 21% committed, […] The post Tokenized Deposits and Transaction Banking: The Mandate War Has Already Started appeared first on Fireblocks .
Most teams treat embedded wallets as a single integration, providing social onboarding for users to get a wallet and easily get started on blockchain rails. Deploying embedded wallets into your app can be achieved in a few days or less, but that framing sells the technology short. What you build on top of embedded wallet […] The post Embedded Wallets Beyond Onboarding: A 90-Day Rollout Plan appeared first on Fireblocks .
When I talk to banks across Latin America, the conversation has changed. A year ago, I was explaining why digital assets were relevant to a bank’s core business. That conversation is over. Banks today are talking about how to build, at what layer, and at what speed. The conviction behind that shift is unlike anything […] The post The Banks Are Here: Latin America’s Digital Asset Build in 2026 appeared first on Fireblocks .
The same AI capabilities that make attackers faster can make defenders faster too. Nir Giladi, Security Engineer, provides a look at how Fireblocks Security Posture Management (FSPM) puts adversarial AI agents to work on your policy – finding risky misconfigurations before any attacker can. — The asymmetry in digital asset security has always been brutal. […] The post Fighting AI with AI: Detecting Policy Vulnerabilities Using Attack Simulations appeared first on Fireblocks .
Material Event filed 2026-06-18
by Amit Yaniv, Senior Product Manager, and Mosh Shahar, Senior Product Manager, Security & Trust At Fireblocks, security isn’t something we configure once and move on from. It’s a discipline that requires continuous visibility, the right people in the right seats, and the tools to understand what’s happening across your platform at any given moment.  […] The post Security Is a Practice, Not a Setting: What’s New in Fireblocks appeared first on Fireblocks .
By Ilya Stadnik, CEO of Clapp Finance Storage gets all the attention. But moving assets securely is the real challenge.  Before Clapp integrated Fireblocks, we faced a familiar choice: build our own digital asset infrastructure from scratch, or partner with a provider that had already addressed many of the underlying challenges. Building in-house would have […] The post Why Crypto Security Is Workflow Design, Not Just Storage appeared first on Fireblocks .
In late April 2026, our blockchain monitoring flagged a highly unusual sequence of transactions on NEAR. The exploit didn’t target Fireblocks infrastructure. It targeted SWEAT, a well-known ecosystem token, exposing any wallet holding it. An active attacker on mainnet was silently draining millions of tokens from victim wallets. There were no phishing links, no compromised […] The post Hunting Zero-Days at Machine Speed: How We Protected 22 Million NEAR Users appeared first on Fireblocks .
Ethereum is the largest staked asset in crypto. More than 36 million ETH or roughly 30% of the total circulating supply is currently staked, secured by nearly 1 million active validators. As the ETH staking ecosystem has matured, so has the sophistication of the institutions participating. What was once a niche activity for crypto-native operators […] The post Fireblocks Is Setting the Standard for Institutional ETH Staking appeared first on Fireblocks .
Ethereum is the largest staked asset in crypto. More than 36 million ETH or roughly 30% of the total circulating supply is currently staked, secured by nearly 1 million active validators. As the ETH staking ecosystem has matured, so has the sophistication of the institutions participating. What was once a niche activity for crypto-native operators […] The post Fireblocks Is Setting the Standard for Institutional ETH Staking 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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