Fireblocks Expands Support for Amazon Web Services, Google Cloud Platform, Alibaba Cloud

The new additions are expected to allow banks to configure the Fireblocks platform to their existing IT infrastructure and security policies.

Crypto infrastructure giant Fireblocks has announced that it has started offering support for cloud service providers Amazon Web Services (AWS), Google Cloud Platform (GCP), Alibaba Cloud, Thales, and Securosus by expanding its MPC-CMP wallet and key management technology.

The latest move is expected to help banks and financial institutions to leverage Fireblocks’ security and technology stack to seamlessly bring their digital asset initiatives into production while meeting their risk, compliance, and regulatory requirements.

Roping in Prominent Financial Institutions
Since its inception in 2019, Fireblocks has roped some of the most prominent banks and financial institutions in the world into the digital asset space. This includes – BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO, BTG Pactual, Tel Aviv Stock Exchange, and SIX Digital Exchange, according to the official press release.

Building new digital asset custody, trading, clearing, and settlement services, and tokenization of financial products such as tokenized fiat, central bank digital currencies (CBDC), carbon credits, etc, are some of the use cases that these financial institutions have leveraged Fireblocks for.

Orly Grinfeld, EVP, Head of Clearing at Tel Aviv Stock Exchange, said that the platform managed to take its digital treasury bond initiative – Project Eden – from ideation to go live in just five months due to the collaboration with Fireblocks.

“Their world-class security operations and modular infrastructure allowed us to deploy wallets to our primary dealers, which included international banks like Goldman Sachs, Deutsche Bank, and JP Morgan. Not only were we able to ensure that the entire workflow operations were secure, but that all the vendors were streamlined and deployed in order to bring Eden live quickly.”

Fireblocks’ Journey So Far
In a conversation with CryptoPotato, Fireblocks Co-Founder and CEO Michael Shaulov had said that he didn’t anticipate the company to grow so quickly and described the journey as “very unexpected and occasionally even unplanned.”

Last January, the company raised $550 million at a whopping valuation of $8 billion. Its clients include Silicon Valley-based online trading firm Robinhood as well as fintech company Revolut.

Earlier this year, Fireblocks also laid off around 30 employees, accounting for 5% of the team for the first time as digital assets plummeted in value and several prominent companies slid into bankruptcy.