Crypto Security Startup Fireblocks Expands Europe Operations To France And The DACH Region
Crypto security startup Fireblocks will be expanding its operations in Europe, adding two new offices in France and Germany.
Fireblocks is an enterprise-grade platform for financial institutions that need to streamline digital asset trading operations – without sacrificing security. The company claims that its platform can securely transfer assets across exchanges, wallets, custodians, and counterparties and keep them readily available using patent-pending chip isolation security and MPC technology. Fireblocks has secured the transfer of over $150 billion in digital assets and has a unique insurance policy that covers assets in storage & transit.
With Europe’s continuous efforts to increase the region’s digital payment systems and cryptocurrency adoption via new regulatory clarity, CBDC participation, there has been growing interest from institutions for how to compliantly, and successfully operate in the digital asset space.
Last April, Fireblocks announced its expansion to the APAC region after securing over $30 billion in digital asset transfers. Since then, Fireblocks’ success has brought home integrations with European FinTech leaders, such as Revolut and AMDAX, alongside 20+ other institutions in the region.
“The EU region is seeing increased interest from institutions as new regulatory clarity provides a framework for how to compliantly operate in the digital asset space,” said Michael Shaulov, CEO of Fireblocks. “We are excited to expand our footprint in the region to help our customers launch product offerings for digital asset support and provide the tools that will steward this next phase of growth, innovation and adoption.”
For the digital banks and FinTech companies, Fireblocks provides the secure rails and wallet infrastructure to enable them to introduce creative products and services, generate new revenue streams and help introduce real-time global payments and other innovations to modernize payments services.
“We checked a lot of custodian solutions on the market, and by far the best one for us was Fireblocks,” said Melvin Lazeron, Co-Founder & Director of AMDAX. “Their solution not only has cutting-edge tech with its MPC technology (enabling more client flexibility and control), but it also greatly decreases our administrational burden and vastly increases our settlement speed. On top of all of that, Fireblocks enables us to offer the most comprehensive digital asset insurance to our clients. This gives our clients a much better and safer experience and results in a more mature market.”
In connection with this expansion, Fireblocks has appointed Jason P. Allegrante as its first Head Regulatory Counsel and Global Chief Compliance Officer. Allegrante brings over a decade of experience advising on global regulatory issues relevant to Fireblocks’ expanded business to the role, and he will be responsible for supporting the Fireblocks team across a broad portfolio of legal, regulatory and compliance matters. Prior to joining Fireblocks, Allegrante held senior in-house legal positions at fintech startups, practiced law at the firms Davis Polk & Wardwell and Linklaters LLP, and served in the Financial Institution Supervision Group of the Federal Reserve Bank of New York.
