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
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.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Fireblocks is recognized as a market leader in the Fintech sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $8000M in revenue, Fireblocks operates at enterprise scale with proven market validation.
Frequently Asked Questions
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