Coincover partners with Fireblocks for enhanced institutional-grade private key management
Our third-party disaster recovery solution, in combination with Fireblocks self-storage, guarantees business continuity and the ability to recover private keys if disaster strikes.
How are we working together?
Today we announce a new partnership with Fireblocks, an easy-to-use platform designed to create innovative products on the blockchain and manage day-to-day crypto operations. The partnership provides Fireblocks customers with a secure alternative for key backup and disaster recovery to ensure that users have access to and are in control of their assets at all times.
Giving customers complete control of their assets
As a non-custodial and direct-custody technology provider, Fireblocks believes that users should have total control of their assets. This includes where and how they store their assets to further mitigate counterparty risk. With this objective in mind, Fireblocks provides customers with disaster recovery options to recover from a loss of access to their keys or options for customer recovery in the event of Fireblocks service disruptions. Fireblocks requires all customers to either: independently backup their keys; engage the disaster recovery services of a third-party service provider, such as Coincover; or use a combination of self-storage and third-party disaster recovery services for added redundancy and recoverability.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,500 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it's the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.