Fireblocks (, an institutional platform for securely moving blockchain-based digital assets, announced today its successful completion of the Service Organization Control (SOC) 2 Type II examination performed by independent audit firm Ernst and Young, reinforcing its commitment to maintain a secure operating environment for asset transfers.

Receiving this certification allows Fireblocks to deliver technology and services that meet today’s stringent security and data protection laws globally. Fireblocks’ customers in ChicagoNew YorkHong KongZurichParis and more can be assured their data is protected, secure and compliant with their company policies, controls, and regulatory requirements.

“Our business model involves a high degree of complexity – we have to remain meticulous despite the frequency and speed at which we’re moving assets. Since launching in June, we’ve secured more than $9 billion in digital asset transfers. This requires strict compliance with guidelines that span over technology architecture, development, and continuous operations of our platform,” said Idan Ofrat, CTO and Co-Founder of Fireblocks. 

The SOC 2 Type II examination tested Fireblocks customer data based on five trust service principles:

  1. Security
  2. Availability
  3. Processing Integrity
  4. Confidentiality
  5. Privacy

Ernst and Young inspected Fireblocks’ processes over six months. The extensive audit involves periodic inspections to ensure Fireblocks complies with the following requirements:

  • Two third-party penetration tests per year
  • Proper utilization of trust execution and encryption technology
  • Strict access controls to all development and production environments
  • Cyber-security controls
  • Availability and disaster recovery SLA

Upon completion of the audit, Fireblocks received a Service Auditor’s Report with an unqualified opinion demonstrating that their policies, procedures, and infrastructure meet or exceed the stringent SOC 2 Type II criteria.

“It was critical to us that a third party audited the strict standards that we set for ourselves. That we stand above and beyond the highest industry standard,” said Michael Shaulov, CEO and Co-Founder of Fireblocks.

The SOC report will be monitored annually, to ensure that the platform is operating efficiently to provide an excellent experience for Fireblocks customers. Fireblocks customers and prospects can receive a copy of the SOC 2 audit report upon request.

About Fireblocks

Fireblocks is an easy-to-use platform to create new blockchain based products, and manage day-to-day digital asset operations. Exchanges, banks, PSPs, lending desks, custodians, trading desks, and hedge funds can securely scale their digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of organizations in the financial, payments, and web3 space, has secured the transfer of over $4 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Find out why CISOs and Ops Teams love.

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