Addressing a critical need in the industry
When we first announced our plans to build Fireblocks Automation in April 2024, we set out to tackle a seemingly mundane yet crucial challenge for our customers. Our goal was to mitigate the manual, repetitive, time-consuming, and error-prone blockchain payment and crypto trading operations that were hindering businesses from easily scaling their operations as they expanded across geographies and add new product offerings.
Digital asset operations are inherently complex, requiring support for businesses that operate in a 24/7/365 industry. These operations need to be responsive to both predictable processes and unexpected market changes. However, manual reactions can be slow or significantly delayed if events occur outside of business hours, impacting working capital, risk management, and money flows. Manual operations inevitably lead to human errors, resulting in not only failed operations but also additional time spent rectifying mistakes.
Exciting progress and launch
We’re thrilled to announce that after close collaboration with industry design partners to fine-tune features and functionality, Fireblocks Automation is now available to all Fireblocks customers to add to their Fireblocks package. This new product features powerful functionality designed to streamline blockchain payment and crypto trading operations:
- Mitigate counterparty risk: set desired ratios for digital assets across accounts, and funds will automatically rebalance between accounts, including exchange accounts, to maintain optimal liquidity and mitigate counterparty risk.
- Protect from market volatility: create rules to automatically convert incoming cryptocurrency transactions to stablecoins, protecting your business from market volatility.
- Manage working capital requirements: define specific amounts for each account and automatically top up funds from pre-selected accounts to maintain working capital requirements.
- Trigger payment flows: design customized sequences with multiple actions, from transferring digital assets to exchange accounts, converting to different assets, disbursing funds to third parties, and more.
These automated processes can be set to run at specific intervals, times, or in response to deposits or withdrawals.
Success stories from our partners
We’re proud to have worked closely with industry leaders like Yolo Group, Ramp, and PayPerform as design partners. The results have been nothing short of remarkable:
- 50% of their overall flows now leverage triggers and automated responses from Automation
- Expecting to save 50-100 team hours monthly, freeing up resources for business growth initiatives
- Elimination of human errors that previously required manual intervention and correction
“Before using Fireblocks Automation, our payment and treasury operations required constant oversight”, shared Luke Wingfield Digby, Co-founder and Head of Corporate Development. “Now, we leverage the solution to automatically rebalance digital assets, ensuring our hot wallets always have sufficient liquidity for client payments. Fireblocks Automation has significantly improved our efficiency, saving Orbital hundreds of hours monthly, speeding up transaction execution, minimizing human error, and strengthening our overall security framework.”
Start automating your processes today
Ready to revolutionize your digital asset operations? Take a tour through Fireblocks Automation, and reach out to get access to the full product today.
Don’t let manual processes hold your business back. Embrace automation and unlock the full potential of your digital asset operations with Fireblocks Automation.
