Fireblocks (www.fireblocks.com), an enterprise platform for securing digital assets in transit, announced today, Celsius Network, the largest provider of interest income and digital asset loans in over 150 jurisdictions worldwide is enlisting Fireblocks to help protect over $400 million assets and 53,000 active wallets, securing both retail and institutional divisions.
“We spent months testing the Fireblocks platform to ensure it aligns with our stringent technology and security requirements. We concluded that the Fireblocks platform provides the type of advanced security we want for our members,” states Nuke Goldstein, CTO of Celsius Network. “Given our diverse set of services, the engineering and operations team required a solution that could be customized to fit all of our use cases, and Fireblocks was able to deliver that for us.”
Utilizing Fireblocks’ console and robust APIs, Celsius now provides retail customers with enterprise-grade security for interest-earning accounts and allows institutional customers faster and safer access to funds. “With Fireblocks we can securely and efficiently manage a multitude of digital assets across a wide range of lending venues all from one platform,” said Young Cho, CFO of Celsius Network.”
Celsius Network is revolutionizing retail financial services. For over a hundred years, centralized banks have extracted value from retail customers while providing value only to shareholders and the wealthiest .01%. Celsius Network disrupts the industry by providing a platform that allows users to earn up to 10%apr on their assets, while also having access to the lowest rate cash loans in the industry.
“We are not only securing the movement of hundreds of millions of digital assets per day but working with Celsius allows Fireblocks to assist in connecting millions of consumers to institutional investors to streamline the flow of digital assets across the whole ecosystem,” explains Michael Shaulov, CEO and Co-Founder of Fireblocks.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through patent-pending SGX & MPC technology. They have secured the transfer of over $400 billion in digital assets and have a unique insurance policy that covers assets in storage & in transit. For more information, please visit www.fireblocks.com.