We are excited to announce our new integration with Google Cloud’s Confidential Space, which dramatically enhances the security of customer digital assets. This integration solves a critical challenge in cryptocurrency security: private key management. By leveraging Confidential Space, Fireblocks customers can ensure that no single party has full access to private keys, significantly reducing the risk of theft or misuse.
This integration allows the performance of secure transactions while meeting stringent regulatory and compliance standards. By incorporating Google Cloud’s Confidential Space Virtual Machine (VM) and security tools like Attestation Service, Identity and Access Management (IAM), and Key Management Service (KMS), Fireblocks enhances its customers’ ability to prevent unauthorized access to their accounts. These features ensure that only authorized users can interact with sensitive data, providing businesses the confidence to scale their digital asset operations while maintaining the highest levels of security and compliance.
Confidential Space, with its strong security guarantees combined with ease of use, has been widely adopted by the Web3 industry. We are excited to see this integration with Fireblocks that will benefit our mutual customers.
Fireblocks’ integration with Google Cloud’s Confidential Space leverages Multi-Party Computation (MPC) technology to securely distribute private keys across both Fireblocks’ servers and client systems, ensuring that no single party, including Fireblocks itself, can access the complete private key. By distributing the keys securely, the integration significantly reduces the risk of compromise or a single point of failure, providing enhanced protection for digital asset operations.
“By integrating with Google Cloud’s Confidential Space, we’re giving our customers the ability to run critical digital asset operations in a highly secure and scalable environment,” Michael Shaulov, CEO and Co-founder of Fireblocks said. “This partnership demonstrates Fireblocks’ commitment to expanding cloud capabilities to meet customer demand for the most robust security. This integration will be instrumental for large enterprises and institutions that require enhanced privacy and security for their digital asset operations.”
Fireblocks is now listed as a Google Cloud Marketplace vendor — find out more here.
