# Fireblocks **Source:** https://geo.sig.ai/brands/fireblocks **Vertical:** Fintech **Subcategory:** General **Tier:** Leader **Website:** fireblocks.com **Last Updated:** 2026-04-14 ## Summary 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 and BitGo. ## Company Overview 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. 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. 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. ## Frequently Asked Questions ### What is Fireblocks? Fireblocks is an enterprise platform for managing digital asset operations, providing institutional-grade custody, treasury management, tokenization, and payment infrastructure. Using proprietary Multi-Party Computation (MPC) technology, Fireblocks enables businesses to securely store, transfer, and issue digital assets across 120+ blockchains with institutional-level security and compliance. ### Who are Fireblocks' customers and target market? Fireblocks serves over 1,800 institutional customers including major banks (BNY Mellon, BNP Paribas), payment processors (Worldpay), cryptocurrency exchanges (Revolut, Galaxy Digital), fintech companies, hedge funds, and Web3 businesses. The platform targets financial institutions, enterprises, and digital asset businesses requiring enterprise-grade security, regulatory compliance, and scalable infrastructure for digital asset operations. ### When was Fireblocks founded? Fireblocks was founded in July 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat in New York City. The company was inspired by a 2017 investigation into a South Korean cryptocurrency exchange breach that revealed critical security vulnerabilities across the digital asset industry. ### Where is Fireblocks based? Fireblocks is headquartered in New York, New York, United States. The company operates globally with a distributed workforce across multiple countries and time zones to serve its international customer base. ### How much funding has Fireblocks raised? Fireblocks has raised over $1.04 billion in total funding across six rounds. The largest round was a $550 million Series E in January 2022 co-led by D1 Capital Partners and Parafi Growth Fund, which valued the company at $8 billion. Notable investors include Sequoia Capital, General Atlantic, CapitalG, Spark Capital, Coatue, Stripes, and BNY Mellon. ### What makes Fireblocks different from competitors? Fireblocks differentiates through its proprietary Multi-Party Computation (MPC) and chip isolation technology that provides superior security to traditional cold storage or multi-signature solutions. The platform is the only provider offering comprehensive custody, treasury, tokenization, and payments on a unified infrastructure supporting 120+ blockchains. With $4 trillion in secured transactions, NYDFS qualified custodian status, and an $8 billion valuation, Fireblocks has proven institutional-grade reliability that competitors cannot match. ### Who are Fireblocks' main competitors? Fireblocks competes with digital asset custody providers like Coinbase Custody, BitGo, Anchorage Digital, Copper.co, and traditional financial infrastructure providers entering the space. However, Fireblocks' comprehensive platform approach, MPC technology, and institutional scale (1,800+ customers, $4T+ in transactions) give it a leadership position in the enterprise digital asset infrastructure market. ### How can I contact Fireblocks? You can contact Fireblocks through their website at www.fireblocks.com, request a demo for enterprise solutions, or reach out via their contact forms for sales and support. The company also maintains an active presence on LinkedIn and at major industry conferences like their annual SPARK event. ### Is Fireblocks hiring? Yes, Fireblocks is actively hiring across multiple departments including engineering, product, sales, customer success, compliance, and operations. With 656 employees as of 2023 and continued growth through acquisitions like Dynamic, the company regularly posts open positions on their careers page at fireblocks.com/careers. ### What's the latest news about Fireblocks? In October 2025, Fireblocks acquired Dynamic for $90 million to enhance developer tools and onchain adoption. The company also launched enhanced platform features in May 2025, participated in the Reserve Bank of Australia's Project Acacia for digital currency research, and partnered with Episode Six to deliver unified traditional and digital payments. Fireblocks received its NYDFS qualified custodian charter in August 2024 and processes over $60 billion annually in DeFi transactions. ### What is Fireblocks' market position? Fireblocks is the highest-valued digital asset infrastructure provider globally at $8 billion valuation, serving over 1,800 institutional customers including 92% of the top 100 digital asset businesses. The company has secured over $4 trillion in digital asset transactions, created 130+ million wallets, and generated $113.7 million in revenue for 2023, solidifying its position as the market leader in enterprise digital asset infrastructure. ### What are Fireblocks' future plans? Fireblocks is focused on expanding its tokenization capabilities for real-world assets, growing its stablecoin payment network to more countries, enhancing DeFi integration for institutional clients, and scaling its qualified custody services under NYDFS regulation. The Dynamic acquisition positions Fireblocks to accelerate developer adoption and onchain infrastructure, while partnerships with traditional finance players like Episode Six aim to bridge fiat and digital finance into unified platforms. ## Tags b2b, fintech, saas --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*