Digital assets platform Fireblocks has announced integrating Google Cloud\u2019s Confidential Space into its offering to boost the security of customer assets. This move aims to address a crucial need for businesses to manage private keys securely.<\/p>\n
By leveraging Google Cloud\u2019s Confidential Space, Fireblocks ensures that private keys are never fully accessible to any single party, thereby minimizing the potential for theft or misuse.<\/p>\n
According to the press release shared with CryptoPotato<\/em>, Fireblocks has integrated Google Cloud\u2019s Confidential Space Virtual Machine (VM) alongside advanced security tools like Attestation Service, Identity and Access Management (IAM), and Key Management Service (KMS) to fortify protection against unauthorized access.<\/p>\n Central to this integration is Fireblocks\u2019 use of Multi-Party Computation (MPC) technology, which securely splits private keys between Fireblocks\u2019 infrastructure and client systems. This design ensures no single entity, not even Fireblocks, has complete control over the private key, mitigating risks of compromise and bolstering the security framework for managing digital assets.<\/p>\n In a statement,\u00a0 Michael Shaulov, CEO and Co-founder of Fireblocks, said,<\/p>\n \u201cBy integrating with Google Cloud\u2019s Confidential Space, we\u2019re giving our customers the ability to run critical digital asset operations in a highly secure and scalable environment. This partnership demonstrates Fireblocks\u2019 commitment to expanding cloud capabilities to meet customer demand for the most robust security. This integration will be instrumental for large enterprises and institutions that require enhanced privacy and security for their digital asset operations.\u201d<\/p>\n Since its launch in 2019, Fireblocks has brought leading global banks and financial institutions into the digital asset ecosystem. These include major players such as BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO, BTG Pactual, the Tel Aviv Stock Exchange, and SIX Digital Exchange. Last year, Fireblocks expanded<\/a> its MPC-CMP wallet and key management technology to support cloud platforms like Amazon Web Services (AWS), Google Cloud Platform (GCP), Alibaba Cloud, Thales, and Securosus.<\/p>\n Fireblocks has been exploring different areas. Earlier this month, the company signed a Memorandum of Understanding (MoU) with South Korean NongHyup Bank to explore blockchain-based solutions for tax refunds. With the help of the Fireblocks Tokenization Engine, the collaboration aims to simplify the refund process for VAT and GST on retail transactions as part of a pilot project.<\/p>\n In June, Fireblocks announced<\/a> expanding its offerings by partnering with Coinbase to provide derivatives and trading products. Previously, the company had also unveiled<\/a> a \u201cself-service\u201d toolkit designed specifically for startups to easily build blockchain-based products.<\/p>\n The post Fireblocks Integrates Google Cloud\u2019s Confidential Space to Improve Private Key Management for Clients<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Digital assets platform Fireblocks has announced integrating Google Cloud\u2019s Confidential Space into its offering to boost the security of customer assets. This move aims to address a crucial need for businesses to manage private keys securely. By leveraging Google Cloud\u2019s Confidential Space, Fireblocks ensures that private keys are never fully accessible to any single party, […]<\/p>\n","protected":false},"author":0,"featured_media":23617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-23616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23616"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23616"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/23616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/23617"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fireblocks Expansion<\/h2>\n