Fidelity-Backed Fireblocks, which uses MPC encryption to transfer digital assets, expands with new Asian offices

posted about 1 month ago
Fireblocks, a platform that uses MPC encryption technology to secure digital assets in transit, is expanding its business in Asia with 2 new offices, one in Hong Kong, the other in Singapore. The Fidelity-backed New York-based firm now provides its transfer services to large Asian crypto firms such as investment firm Blitz Group and hedge fund Three Arrow Capital.

Fireblocks clients include B2C2, Celsius, Genesis Global, Galaxy Digital, and others. The firm claims it has protected $30 billion in digital asset transfers to date with its patented multi-party computation (MPC) technology, and stated that MPC ensures there is no single point of failure.
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