ARCIPEDIA · PLATFORM · CUSTODY

Plain English

Fireblocks is an MPC (Multi-Party Computation) custody platform founded in 2018 by Michael Shaulov. Used by over 2,000 institutions including major banks, exchanges, and HNW family offices. Survived a high-profile 2021 BitMart exchange hack with no Fireblocks-managed funds lost.

How it actually works

Uses threshold cryptography — no single party ever holds full private keys. Supports 100+ blockchains and 5,000+ tokens. Programmable policy engine for transaction approvals. Integrates with major DeFi protocols and CEXes. Direct trading via Fireblocks Network for OTC settlement.

What it means for you

For HNW family offices and businesses, Fireblocks provides operationally sophisticated custody without requiring traditional bank trust relationships. The policy engine handles workflows like “any transaction over $1M requires 3 signers including a board member” automatically. More flexible than traditional custodians for active treasury operations.

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Educational content only. Not investment, tax, or legal advice.