Fireblocks announced new deployment models for banks and financial institutions to use its security and technology stack that will help bring digital asset initiatives into production while meeting IT risk, compliance, and regulatory requirements.
That includes expanding its secure MPC-CMP wallet and key management technology to include:
- Hardware security module (HSM) support with open interface to leverage providers such as Thales, Securosys, and other compatible HSMs
- Expanded support for cloud-based secure enclaves, including AWS Nitro and Google Cloud and Alibaba Cloud SGX, in addition to Fireblocks’ existing Azure SGX support
- Enable customer to host all MPC key shares across multiple servers in their data centers and cloud
- New cloud data centers across the EU, Switzerland, and Hong Kong along with Fireblocks’ current cloud data centers in the US
- Dedicated single-tenant cloud environment
In the past 3 years, Fireblocks has brought over 50 global financial institutions – including BNY Mellon, ABN Amro, BNP Paribas, National Australia Bank, SDX, and Tel Aviv Stock Exchange – into the digital asset space. What started with custody as the primary use case eventually expanded into more sophisticated offerings such as tokenized deposits, financial products and real world assets, trading &andsettlement operations for institutional and retail customers, and cross-border payments, among others.
“As the financial ecosystem evolves, we are focused on enhancing our core capabilities by exploring digital technologies and processes, including blockchain. We look forward to our continued collaboration with Fireblocks and leveraging their best-in-class services that support our ongoing efforts to address the needs of our institutional clients,” said Sarthak Pattanaik, CIO for Digital Assets in the Treasury Services, Clearance and Collateral Management division at BNY Mellon, in a statement.
The new capabilities will accelerate the ability of banks and financial market infrastructures to take digital asset projects from pilot to production by reducing the time of integration and certification of the Fireblocks technology within the banks IT environment, aligning business requirements with IT risk and policies. Customers will be able to select the most appropriate key-management configuration that matches pre-certified and approved vendors, reducing the time spent on Infosec reviews and procurement.