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. 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.

The first quarter of the year marked a significant milestone for the blockchain industry with a 55% surge in total investments from VC funding for Web3-related startups. Now, as the sentiment around crypto takes a full 180 with two crypto ETF approvals alongside pro-crypto U.S. presidential candidates, Fireblocks for Startups will bring battle-tested technology to power the next generation of innovators in the blockchain space.

Fireblocks for Startups offers:

• 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. As the leading provider of infrastructure solutions for 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.

"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."

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $6 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it's the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.