Firms are starting to see the appeal in blockchain technology, but are struggling to integrate it. Looking to make this process simple for startups, Fireblocks, the blockchain applications builder and digital asset operations platform, has launched Fireblocks for Startups.
Fireblocks empowers startups to build and scale their businesses with ease. All the while, it serves a range of organisations, including exchanges, fintechs, payments companies, BaaS providers, investment platforms and blockchain native businesses. Its new offering will help startups capitalise on the booming blockchain and web3 market which has seen a 55 per cent surge in venture funding.
Furthermore, startups in the sector have raised nearly $1.9billion with DeFi protocol categories like liquid staking, lending, and derivatives seeing their value locked (TVL) double or triple.
Therefore, to help startups jump on this opportunity Fireblocks for Startups is providing:
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. Therefore, 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.
Helping the next generation of successful innovation
Idan Ofrat, co-founder and chief product officer of Fireblocks
“The most novel use cases and best ideas still come from builders who are the cornerstone of the ecosystem,” said Idan Ofrat, co-founder and 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.”
Federico Gutierrez, managing director, Dendra Group Ltd
One in four Fireblocks customers are startups and SMEs who have built blockchain solutions powered by Fireblocks. Since launching the Fireblocks for Startups pilot, the company has seen an increase of 50 per cent of startups using its platform, such as TaxNodes, Dendra, and Kunga.
“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.”
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