Fireblocks Off Exchange is the first solution that truly enables trading firms and asset managers to eliminate counterparty risk while trading on centralized exchanges.
Allocate and mirror assets directly to an exchange from an on-chain MPC shared wallet, protecting your principal from hacks, bankruptcy, and fraud.
Quickly capitalize on new trading opportunities across venues with real-time, on-chain settlement and eliminate single party settlement risks.
Eliminates the need for traders and exchanges to lock funds in a third-party cold storage solution, boosting capital efficiency and liquidity.
Off Exchange is a technology solution governed by a clear legal framework, providing both traders and exchanges with complete clarity on all scenarios.
Businesses today mitigate exchange counterparty risk by trading from a third-party custodian or implement time-consuming margin sweeping processes. But these workarounds only transfer counterparty risk to a centralized clearing party and are operationally burdensome.
The outsized counterparty risks restrict the capital that trading firms deploy on exchanges, and prevents traditional firms from entering the crypto market altogether.
With custodial “off exchange” solutions, customer assets are pooled in a commingled account and settlement occurs off-chain via a sub-ledger. This approach transfers counterparty risk from the exchange to a centralized clearing party. Custodial solutions also require exchanges to lock funds in a third-party cold storage solution, impacting liquidity and capital efficiency.
Fireblocks Off Exchange leverages MPC technology to enable traders to allocate and mirror assets directly to an exchange from a wallet they mutually control, protecting their principal from hacks, bankruptcy, and fraud, while providing centralized exchanges with complete on-chain transparency that client accounts are fully collateralized.
Off Exchange introduces Collateral Vault Accounts (CVA), which are on-chain MPC wallets that programmatically lock and mirror assets to the connected exchange account.
Off Exchange introduces Collateral Vault Accounts (CVA), which are on-chain MPC wallets that programmatically lock and mirror assets to the connected exchange account.
Off Exchange introduces Collateral Vault Accounts (CVA), which are on-chain MPC wallets that programmatically lock and mirror assets to the connected exchange account.
Fireblocks Off Exchange supports Deribit, the largest crypto options exchange, with a network of global exchanges coming soon, including HTX, ByBit, OKX, Gate.io, BIT, One Trading, Coinhako, and Bitget.
Luuk Strijers
Chief Commercial Officer
Fireblocks has taken an innovative approach that uses MPC technology to reduce client capital deposited at exchanges while providing our business with greater liquidity and transparency.
