Fireblocks announces startup-focused blockchain starter toolkit

Cryptocurrency custody firm Fireblocks has announced a new suite aimed at empowering startups with blockchain-based tools.

Fireblocks, a platform for developing decentralized applications and managing cryptocurrency operations, has launched a new tool designed to help startups develop blockchain-based products.

In a press release shared with Crypto.news, it is stated that the new package, called Fireblocks for Startups, aims to provide blockchain infrastructure features to venture firms by offering services such as treasury management, custodial wallet service, and embedded wallets.

With the tool, startups can manage their daily treasury transactions with cryptocurrency, connect to trading platforms, and access decentralized finance. It also allows product developers to build escrow-free key management solutions, giving them control over their wallets, the press release states.

Fireblocks co-founder Idan Ofrat said the company wants to help startups address security concerns, adding that during periods of hypergrowth, many successful projects “focus solely on maintaining front-end stability and neglect security in the process.”

Founded in 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat, Fireblocks offers a suite of products and services designed to provide blockchain firms with infrastructure to manage digital assets. The company has raised over $1 billion from investors including Cyberstarts, Tenaya Capital, and Eight Roads, according to data from PitchBook.