DEFI

Chains.com taps Fireblocks’s crypto wallet infrastructure in times of hacking

“As crypto-related cyber attacks continue to threaten the safety of users’ assets, Fireblocks delivers the most secure and reliable treasury and user account management solution on the market today.”

Chains.com has tapped Fireblocks to implement high levels of security protocols and protect customers’ digital assets via its secure wallet infrastructure as well as its own treasury and funds.

The firm will leverage Fireblocks’ suite of digital asset custody, transfer, and settlement technology to support its stack of interconnected cryptocurrency and NFT products for retail users as well as its native token, $CHA, making it available globally to institutional users through the Fireblocks Network.

Fireblocks is a digital asset custody, transfer and settlement platform that uses multi-layer technology combining MPC cryptography with hardware insolation to prevent cyber-attacks, internal collusion, and human error.

Peace of mind through top-notch custody technology

As part of the integration, Fireblocks will provide institutional wallet infrastructure for Chains.com users to ensure that assets are protected from external threat vectors.

Anderson Mccutcheon, Founder and CEO of Chains.com, commented: “At Chains, we constantly seek to enhance our users’ experience while building a world-class stack of in-house and partner solutions. As crypto-related cyber attacks continue to threaten the safety of users’ assets, Fireblocks delivers the most secure and reliable treasury and user account management solution on the market today.”

Jonathan Dakin, Head of EMEA at Fireblocks, said: “Like Chains, Fireblocks is committed to providing a simple and foolproof experience for users looking to interact with crypto and Web3. We are glad to have Chains be a part of the Fireblocks Network and support Chains in its mission to bridge the gap between CeFi and DeFi. We are thrilled to work alongside the highly-experienced team behind Chains and offer their users peace of mind through top-notch custody technology.”

Chains.com has 500,000 registered users from over 100 countries and is designed to allow users to participate in blockchain-based products (CeFi, NFT, and DeFi) without having to understand the underlying technologies.

Fireblocks’ 2022 Annual Recurring Revenue (ARR) surpassed $100 million

Fireblocks has recently announced that its 2022 Annual Recurring Revenue (ARR) surpassed $100 million, a milestone for the leading provider of MPC-based Wallet Infrastructure.

The $100 million ARR mark places Fireblocks among a rare subset of startup unicorns and was achieved in four years after the company’s inception and three years since Fireblocks’ first product went into market.

Fireblocks offers a platform designed for moving, storing, and issuing digital assets through the Fireblocks Network and MPC-based Wallet Infrastructure.

Catering to exchanges, lending desks, custodians, banks, trading desks, and hedge funds, Fireblocks serves over 1,500 financial institutions and has secured the transfer of over $3 trillion in digital assets, with a unique insurance policy that covers assets in storage and transit.


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Traciwininger
Author: Traciwininger

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