Fireblocks

Fireblocks on Botanix

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Fireblocks is the leading institutional-grade digital asset infrastructure platform, powering the custody, transfer, and settlement of digital assets for financial institutions, exchanges, and Web3 companies. Since launching in 2019, Fireblocks has transferred more than half a trillion dollars worth in total assets and has become the backbone of institutional crypto operations worldwide.

What Makes Fireblocks Different

Unlike traditional multisig solutions, Fireblocks is built around Multi-Party Computation (MPC) technology. MPC is a cryptographic technology that stores secret information with each party, then solves a problem that requires the unshared, decentralized input of all these parties' secret information. This means the Fireblocks MPC-CMP protocol redefines private key security, never gathering a private key as one whole, eliminating risk.

Key Advantages Over Traditional Multisig

Protocol Agnostic: Fireblocks uses MPC over other technologies such as Multisig because MPC is protocol agnostic, operationally flexible, and less costly as signing occurs off-chain.

Cost Efficiency: MPC-based wallets are represented on the blockchain as a single wallet address, with the actual distributed signature computed outside of the blockchain, significantly reducing gas fees compared to multisig smart contracts.

Operational Flexibility: MPC allows for ongoing modification and maintenance of the signature scheme, making it easier to scale teams and adapt to changing business needs.

Enterprise Features

  • Policy Engine: Automated governance policies for transaction rules and admin approvals

  • Fireblocks Network: Institutional asset transfer network that eliminates deposit address risks

  • Cold Storage Integration: MPC-CMP available with cold storage signing for maximum security

  • Compliance Tools: Built-in AML/KYT monitoring and travel rule support

  • Multi-Cloud Architecture: Cryptographic shares distributed across multiple tier-1 cloud environments

Institutional Trust

Fireblocks has nearly doubled its client list, from 60 to over 110 institutional clients, including major banks, asset managers, and fintech companies. Retail-facing businesses like Revolut, BlockFi Trading and Celsius are boosting growth on the crypto custody platform, with some clients reporting hundreds of thousands of new users after integration.

Developer-Friendly Platform

Fireblocks offers comprehensive APIs, SDKs, and developer tools supporting over 100 EVM and non-EVM chains. The platform includes a Developer Sandbox for testing and provides both direct custody and embedded wallet solutions for businesses looking to integrate crypto functionality.

Learn More

For detailed API documentation, security specifications, and integration guides, visit the official Fireblocks developer documentation at: https://developers.fireblocks.com/

The platform documentation covers everything from basic wallet creation to advanced MPC implementation, compliance features, and enterprise-grade security configurations.

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