TL;DR Breakdown
- Fireblocks expanded its services to major cloud platforms, including Amazon Web Services, Google Cloud Platform, and Alibaba Cloud, covering most of the cloud industry’s market share.
- The company has helped over 50 financial institutions enter the digital asset space by providing infrastructure support and a technology stack to manage risk.
- Fireblocks received the Cryptocurrency Security Standard (CCSS) certification, underlining its commitment to digital asset management and custody security.
Description
Fireblocks, a leading provider of cryptocurrency custody services, announced on Tuesday that it is now offering support for major cloud service providers, including Amazon Web Services (AWS), Google Cloud Platform (GCP), and Alibaba Cloud. This initiative is part of Fireblocks’ efforts to make its services more widely accessible to businesses and cater to banks that … Read more
Fireblocks, a leading provider of cryptocurrency custody services, announced on Tuesday that it is now offering support for major cloud service providers, including Amazon Web Services (AWS), Google Cloud Platform (GCP), and Alibaba Cloud. This initiative is part of Fireblocks’ efforts to make its services more widely accessible to businesses and cater to banks that have deployed their IT infrastructure on-premise and cloud-based solutions.
Not only does this represent a major expansion for Fireblocks, but it also allows the company to cover a majority of the cloud industry’s market share. With this move, Fireblocks is positioning itself as a critical player in providing cloud-based digital asset management and securitysolutions.
Bringing banks into the digital asset space
Over the past three years, Fireblocks has successfully brought over 50 major financial institutions into the crypto industry, including BNY Mellon, BNP Paribas, ANZ Bank, the Tel Aviv Stock Exchange, and the SIX Digital Exchange. This has been achieved by offering infrastructure support and a technology stack designed to understand and manage risk at a bank’s architectural level.
The integration with leading cloud platforms further solidifies Fireblocks’ commitment to supporting banks and financial institutions in transitioning to offering digital asset products. By leveraging the cloud infrastructure provided by AWS, GCP, and Alibaba Cloud, these institutions are offered a flexible deployment model that adheres to risk, compliance, and regulatory requirements.
In recognition of its commitment to providing secure services, Fireblocks received the Cryptocurrency Security Standard (CCSS) certification in December. This first-of-its-kind certification is designed as a security standard for crypto wallets and custody, further testifying to Fireblocks’ dedication to maintaining the highest level of security in the rapidly evolving digital asset space.
With this latest expansion, Fireblocks continues to forge a path for financial institutions into the digital asset market, providing the necessary infrastructure and security measures to ensure a smooth transition. As the digital asset industry continues to grow, Fireblocks is set to be at the forefront of helping traditional financial institutions adapt and thrive in this new landscape.