Fireblocks has announced its own non-custodial wallet. Fireblocks is best known for its institutional-grade digital asset securities services.
The company says it is targeting Fintechs and corporate customers interested in Web3. The new white label “wallet as a service” complements its already operating custody solution.
Fireblocks says that following the FTX debacle, customers are demanding greater control over their assets. At the same time, compliance and security hurdles mean developing in-house may not be the best option.
Michael Shaulov, co-founder and CEO of Fireblocks, says their solution aligns with their commitment to reducing counterparty risk across the entire digital asset ecosystem.
Fireblocks says the non-custodial wallets use MPC-CMP technology that runs in a hardware-based environment, describing it as “the only solution that provides users with complete control of their wallets while preventing both internal and external attackers from compromising the private key.”
Ravi Krishnan, Head of Flipkart Labs, a Fireblocks client says the company continues to support their vision by simplifying Web3 onboarding for the masses, embedding wallets in the background of the Flipkart mobile app.
Fireblocks reports that it currently secures over 130 million wallets for some of the world’s biggest B2C and B2B Web3, fintech, brands, financial institutions, corporates, and crypto companies, including BNY Mellon, BNP Paribas, NAB, Flipkart, eToro, Revolut, NuBank, Wisdom Tree, Animoca Brands, MoonPay, Mythical Games, Wirex, Yellowcard, and Ava Labs.