With 1 in 4 Fireblocks customers now comprising startups and SMEs, Fireblocks for Startups brings a new sense of security and innovation to startups entering and expanding in the digital asset space.

NEW YORK —  July 24, 2024,  — Fireblocks (https://www.fireblocks.com/), an easy-to-use platform for building blockchain applications and managing digital asset operations, announces the launch of Fireblocks for Startups, a suite of self-service tools designed specifically for startups to easily build blockchain-based products.

Fireblocks for Startups offers easy-to-implement technology and battle-tested security to power the next generation of startups looking to quickly bring to market innovative digital asset solutions. These companies will gain access to the following features:

• Treasury Management – Startups can secure their digital assets, manage day-to-day treasury operations, connect to exchanges, access DeFi, and interact with trading counterparties.
• Direct Custody Wallets-as-a-Service (WaaS) – The most secure way for startups to embed multi-party computation (MPC) wallets into their applications at scale. This includes being able to easily create wallets, manage and protect customer funds, and self custody digital assets.
• Embedded Wallets – The building block for startups to create their non-custodial key management solution. Users generate their own private keys on their device, so customers are assured that only they have access and control over their wallets.
• Fireblocks Network – The industry’s largest digital asset network that provides a layer of trust between counterparties to mitigate the security risks associated with digital asset transfers.  With direct connectivity to 65+ blockchains, 35+ exchanges, liquidity providers, on/off ramp partners, and more, it abstracts the complexity of multiple technical integrations.

Since its inception in 2018, Fireblocks has provided builders with the industry’s most secure and scalable platform. Today, 1 in 4 Fireblocks customers are startups and SMEs who have built unique blockchain solutions powered by Fireblocks. Since launching the Fireblocks for Startups pilot, the company has seen an increase of 50% of startups using its platform, such as TaxNodes, Dendra, and Kunga. 

Q1 2024 marked a significant milestone for Web3 venture funding, with a 55% surge in total investments from VC funding for Web3 startups. Web3-related startups — defined as those in the crypto and blockchain sectors — raised nearly $1.9 billion, with DeFi protocol categories like Liquid Staking, Lending, and Derivatives seeing their value locked (TVL) double or triple.

As startup funding surges, Fireblocks is already supporting the next wave of innovation as the leading provider of infrastructure solutions for startups interested in expanding their product suite or launching a blockchain business. Fireblocks empowers startups to build and scale their businesses with ease while serving a range of businesses, including exchanges, fintechs, payment companies, , banking-as-a-service providers, investment platforms, and blockchain native businesses. Fireblocks is well-positioned to help the increasing number of startups entering the space, as well as businesses expanding their existing digital asset solutions, to capture the available opportunities and gain first-mover advantage. 

“The most novel use cases and best ideas still come from builders who are the cornerstone of the ecosystem,” said Idan Ofrat, Co-founder & Chief Product Officer of Fireblocks.  “The short history of crypto shows that successful projects — whether crypto exchanges, DeFi bridges, or NFT platforms — go through periods of hypergrowth during market upswings, with development teams focused solely on maintaining front-end stability while neglecting security in the process. Fireblocks for Startups ensures innovation is always in lockstep with security, providing a robust and accessible infrastructure for blockchain builders to build on without the technical and operational complexity.”

“As a startup, Fireblocks has been instrumental in helping us stay ahead of the curve,’ said Federico Gutierrez, Managing Director, Dendra Group Ltd. ‘Their self-service toolkit has helped to streamline our blockchain operations, allowing us to accelerate our market readiness and maintain the highest standards of security, similar to those upheld by major financial institutions and banks. We’re excited to continue leveraging Fireblocks to drive innovation and growth.”

Fireblocks is an easy-to-use platform to create new blockchain based products, and manage day-to-day digital asset operations. Exchanges, banks, PSPs, lending desks, custodians, trading desks, and hedge funds can securely scale their digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of organizations in the financial, payments, and web3 space, has secured the transfer of over $6 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit.

Find out why CISOs and Ops Teams love Fireblocks at www.Fireblocks.com.