Threats to digital asset security are constantly evolving. That’s why having a robust disaster recovery (DR) plan is a necessity for institutions in this space. Ensuring business continuity and safeguarding against potential disruptions is paramount when it comes to maintaining trust, integrity, and the seamless operation of services.

Counterparty risk continues to be a primary concern for institutional digital asset investors. As self-custody is an increasingly favored option among sophisticated companies, organizations require trusted infrastructure for safeguarding assets against wallet provider interruptions and failures while also meeting complex security and regulatory needs.

At Fireblocks, we’ve always believed that users should have total control of their own assets in order to further mitigate counterparty risk, and that includes choosing the method and location of how their assets are stored. With this objective in mind, Fireblocks provides various disaster recovery options in the event of Fireblocks service disruptions.

Station70: A new partner for comprehensive DRS

Fireblocks is adding Station70 as a Disaster Recovery partner to offer:

• Institutional Grade Security: End-to-end secured storage and recovery with cryptographically enforced customer approvals
• Globally Hosted and Resilient Infrastructure: Multi-jurisdictional hosting configurations to enable complex legal and regulator alignment
• Web3 Native Solution: Fully configurable key access policies that can meet your unique requirements without the need for slow and risky intermediaries or legacy technology
• Backup and recovery services that enable private key storage for Fireblocks clients for Hard and/or Soft Recovery purposes. Station70 offers a cloud-native solution with industry-leading security and multi-jurisdictional support, as well as the shortest but most secure recovery operations – even for soft recovery

Now, Fireblocks customers can offload the burden of setting up backup services (and managing them over the lifetime of their backup) with Station70, who enables this with web-based tools using similar underlying technology as Fireblocks, such as HSMs, TEEs, and advanced cryptography. In addition, Station70 can help Fireblocks users eliminate the single point of failure of having only one person access the backup at a firm, while also removing the possibility of internal collusion.