A side-by-side comparison across security architecture, chain support, integration complexity, and more. Compare core elements to help fintechs, PSPs, and enterprises choose the right embedded wallet infrastructure for seamless user onboarding, advanced customizations and integrations, and global financial operations.
An Overview of Fireblocks vs. Other Embedded Wallets Providers
| Category | Fireblocks | Privy | Turnkey |
| Core Business Focus | Embedded wallets for fintechs, PSPs, consumer apps, and enterprises who want to provide an abstracted experience on crypto rails without sacrificing security | Embedded wallets primarily for consumer crypto apps, DeFi platforms, and crypto-native social/gaming applications | Low-level key management infrastructure for developers building custom wallet solutions, complex workflows, and backend operations |
| Ideal Customer Profile / Best For | Onchain Finance & Trading, Payroll & Remittances, Blockchain Ecosystems, Web3 Applications | Consumer Apps, DeFi Platforms, Creator Economy, Web3 Applications | Technical Teams Building Custom Solutions, Transaction Automation, DeFi Platforms |
| Key Offerings | Threshold Signature Scheme Multi-Party Computation (TSS-MPC) embedded wallets with social/email onboarding, Stablecoin Accounts for payment use cases, flexible configurations for developers, advanced functionality like fiat onramps and gas sponsorship | Embedded wallets with email/social onboarding, smart wallet compatibility with built-in gas sponsorship, user authentication suite focused on consumer UX, and native fiat onramp integrations | Low-level APIs for custom builds, embedded wallets with flexible authentication methods, programmable policy engine for transaction automation, chain-agnostic signing at the cryptographic curve level |
| Key Management & Security | Built in-house TSS-MPC key management solution removing all single points of failure, with sub-second signing happening in secure enclaves (TEEs) for an added layer of security | Shamir’s Secret Sharing (SSS) that reconstructs the full private key when 2 of 3 shares combine; provider-hosted shares which create vendor lock-in and a single point of failure when all shares live within Privy’s infrastructure | Centralized key management using only TEEs, where complete private keys exist within secure hardware environments, introducing possible single points of failure and potential compliance limitations |
| Key Differentiators | TSS-MPC security & compliance with account recovery, one-click DeFi integrations, dedicated customer support, chain and wallet support, low-level APIs for backend systems, low complexity and time to launch | Strong focus on consumer onboarding for social and gaming applications, brand presence in crypto-native communities, optimized for web and mobile consumer applications | Low-level tooling for custom and complex developer work, low latency signing, composable primitives for custom builds, granular policy engine, curve-level chain support |
| Integration Complexity | Integrate and launch in days with standard web developers and no crypto specialists required, intuitive quickstart guides and documentation to launch confidently | Quick integration with React/React Native SDKs and pre-built UI components, though primarily optimized for consumer-facing apps rather than enterprise fintech | Requires technical implementation and custom development, best suited for teams with significant engineering resources |
| Chain Support | Full embedded wallet developer tooling on every EVM network, every SVM network, Bitcoin, Sui, TON, and more coming soon | Full embedded wallet developer tooling is limited to every EVM network and Solana, Bitcoin and other networks are supported by raw signatures | Full embedded wallet developer tooling is limited to every EVM network and Solana, can support other networks through raw signatures |
| Independent Recovery | TSS-MPC provides a recovery suite combining cloud backups (iCloud/Google Drive) with independent developer-hosted backups to ensure guaranteed self-custody and business continuity | Independent account recovery is not possible, all recovery methods still require Privy’s infrastructure and participation to reconstruct wallet access | Independent account recovery is not possible, all recovery flows require Turnkey’s participation to reconstruct wallet access |
| Developer Experience / Docs | Developers can integrate without prior crypto experience and have access to quickstart guides, a community Slack channel, and an extensive documentation library | Offers quickstart guides, an active developer Slack community, and hands-on engineering support for the largest customers | Documentation provides low-level technical references but requires developers to implement authentication and UX components from scratch, no pre-built components |
| Pricing | Transparent MAU-based pricing across Launch (Free), Growth, and Enterprise tiers with volume discounts that scale predictably from prototype to production, no charges for transaction volume or signature counts | MAU or transaction-based pricing across Free, Core, and Scale tiers, with billing structure shifting to usage-based calculations for apps exceeding 10,000 MAUs | Per-transaction pricing from $0.01-$0.10 across Free, Pro, and Enterprise tiers, with costs compounding based on wallet count, signature volume, and total transaction throughput |
| Enterprise Support | Enterprise customers receive dedicated, private Slack channels with engineers and strict SLAs, backed by Fireblocks’ institutional-grade infrastructure and 24/7 support capabilities proven across the world’s largest financial institutions | Enterprise tier includes premium SLAs with email and community Slack support, independent provider without specialized wallet infrastructure backing | Enterprise customers receive dedicated Slack channels, email support, and committed uptime SLAs with support operations limited to their team size |
Fireblocks vs. Privy
When Fireblocks is the better choice:
You need enterprise-grade embedded wallets for fintech and payment applications, institutional security without single points of failure, independent recovery options, and the most extensive chain and wallet coverage among providers.
Key Highlights
- Security & Key Management: Fireblocks uses Dynamic’s TSS-MPC embedded wallets that eliminate single points of failure by never constructing a full private key, unlike Privy’s Shamir’s Secret Sharing approach where keys must be fully reconstructed for signing. Fireblocks provides an additional layer of protection with sub-second signing in secure enclaves (TEEs).
- Independent Recovery & Business Continuity: Fireblocks offers true independent recovery with developer-hosted backups that don’t depend on Fireblocks’ infrastructure, ensuring guaranteed business continuity. Privy’s recovery methods require their infrastructure participation, creating vendor dependency for account recovery.
- Enterprise Use Cases & Support: Fireblocks is purpose-built for fintech, PSPs, and payment providers with Stablecoin Accounts for lending, yield, and bridging. Enterprise customers receive dedicated private Slack channels with engineers and strict SLAs, while Privy focuses primarily on consumer apps for crypto native builders.
- Chain Support & Flexibility: Fireblocks supports embedded wallets across every EVM network, every SVM network, Bitcoin, Sui, TON, and more, with one-click DeFi integrations. Privy is limited to EVM chains, Solana, and Bitcoin via underlying keys.
Summary:
Privy has built strong brand recognition in crypto-native consumer applications, particularly social and gaming platforms, with an active developer community. Their pre-built React components and consumer-focused onboarding flows work well for web3-native audiences. They also deliver fast signing speeds which make them a good fit for DeFi protocols.
However, Fireblocks leads when you require institutional-grade security for financial applications, independent recovery mechanisms, and dedicated enterprise support. Fireblocks’ TSS-MPC architecture removes the vendor lock-in and single points of failure inherent in provider-hosted key share models. Beyond core wallet infrastructure, Fireblocks offers purpose-built Stablecoin Accounts designed specifically for payment and financial use cases including lending, yield, and bridging, along with one-click DeFi integrations and low-level APIs for backend systems. For fintechs, PSPs, and enterprises building payment infrastructure or treasury solutions on crypto rails, Fireblocks provides the security, compliance, and business continuity guarantees that production deployments demand, allowing teams to integrate and launch in days with standard web developers and no crypto specialists required.
We explored and started implementing various other embedded wallet solutions. Fireblocks not only had the most secure solution it had by far the best developer experience. We had a working prototype in a fraction of the time.
Alex cort
Co-founder
Fireblocks vs. Turnkey
When Fireblocks is the better choice:
You need enterprise-grade embedded wallets with complete out-of-the-box functionality for fintech applications, distributed TSS-MPC security that eliminates single points of failure, rapid time to market without building custom infrastructure, and purpose-built features for payment and financial use cases.
Key Highlights
- Security Architecture & Compliance:Fireblocks uses distributed TSS-MPC technology that never constructs a full private key, eliminating single points of failure entirely. Turnkey’s TEE-only approach stores complete private keys within AWS Nitro Enclaves, creating dependency on AWS infrastructure as a single point of failure and introducing potential compliance limitations for regulated financial institutions.
- Integration Complexity (Time to Market): Fireblocks enables teams to integrate and launch in days with no crypto specialists required, providing pre-built authentication flows and everything out of the box. Turnkey requires significant custom development effort, with developers responsible for building authentication flows, wallet UX, and transaction construction on top of low-level primitives.
- Purpose-Built for Fintech & Payments: Fireblocks offers Stablecoin Accounts specifically designed for payment and financial use cases, along with one-click DeFi integrations and the institutional-grade security and compliance standards that regulated financial institutions require. Turnkey provides primitives that require developers to architect all payment workflows, logic, and frameworks from the ground up, significantly extending development timelines and required expertise.
- Independent Recovery:Fireblocks provides true independent recovery with developer-hosted backups that don’t depend on Fireblocks’ infrastructure, ensuring guaranteed business continuity. Turnkey’s recovery flows require Turnkey’s infrastructure and API services to be operational, meaning users cannot independently recover accounts.
Summary:
Turnkey has built a strong reputation among technical teams as a low-level infrastructure provider, particularly for developers building custom wallet solutions and automation systems. Turnkey offers composable primitives with low latency signing and a granular policy engine for complex workflows. Their curve-level chain support means new blockchains are supported immediately without waiting for explicit additions.
Fireblocks leads when you require a complete, production-ready embedded wallet solution rather than infrastructure primitives. Fireblocks’ distributed TSS-MPC architecture eliminates the single points of failure created by Turnkey’s TEE-only security model that stores complete private keys within isolated enclaves. For fintechs, PSPs, and enterprises building payment infrastructure or treasury solutions on crypto rails, Fireblocks provides the security guarantees, regulatory compliance support, and business continuity mechanisms that production deployments demand. Beyond core infrastructure, Fireblocks offers purpose-built Stablecoin Accounts, one-click DeFi integrations, and dedicated enterprise support including private Slack channels with engineers and strict SLAs.
To have built the wallet infrastructure for Inky in-house, we would’ve needed additional time and extra resources. Fireblocks gave us the tech we needed and the support we didn’t expect so that we could ship on time.
Tertius nel
Product Manager
Why Teams Choose Fireblocks for Embedded Wallets
- Institutional Security Without Single Points of Failure: Distributed TSS-MPC key management that never constructs full private keys, combined with sub-second signing in secure enclaves (TEEs), policy controls, and audit trails that meet the compliance requirements of regulated financial institutions.
- Rapid Integration: Launch in days with standard web developers and no crypto specialists required. Pre-built authentication flows, wallet UX, and transaction management enable teams to focus on core business rather than building infrastructure from scratch.
- Built for Financial Use Cases: Fireblocks’ embedded wallets are designed specifically for payment and financial applications and include one-click DeFi integrations, robust user management, and advanced functionality like fiat onramps and gas sponsorship.
- Independent Recovery: True independent recovery combining cloud backups with developer-hosted backups that don’t depend on Fireblocks’ infrastructure, ensuring guaranteed self-custody and business continuity for production deployments.
- Chain & Wallet Coverage: Fireblocks supports 600+ external wallets and more blockchains than other wallet providers. This includes every EVM network, every SVM network, Bitcoin, Sui, TON, and more coming soon.
- Proven at Scale: Fireblocks embedded wallets have onboarded 50M+ users to blockchain-based applications, and excelled during high-traffic times such as app signups and new product launches.
- Dedicated Enterprise Support: Enterprise customers receive dedicated private Slack channels with engineers and strict SLAs, ensuring production issues are resolved quickly and teams have direct access to technical expertise.
Fireblocks has been recognized as an industry leader enabling enterprise-grade embedded wallet infrastructure. Our clients use Fireblocks embedded wallets powered by Dynamic for easy to integrate, secure and scalable embedded wallets for fintechs, blockchain ecosystems, Web3 applications and global enterprises.
Check out our Dynamic’s Customer Stories → to explore how clients optimize for cross-border payouts, treasury efficiency, settlement optimization, and much more.
Ready to Compare Hands-On?
→ Explore Fireblocks Embedded Wallets
FAQs
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How does TSS-MPC differ from other key management approaches like Shamir’s Secret Sharing or TEE-only systems?
TSS-MPC never constructs a complete private key. Key shares remain distributed and signing happens through cryptographic computation. Shamir Secret Sharing reconstructs the full private key when 2 of 3 shares combine, creating vulnerability. TEE-only approaches store complete private keys within secure enclaves, creating single points of failure and compliance risks. -
How does Fireblocks handle independent recovery if your infrastructure goes down?
Fireblocks provides developer-hosted backups that don’t depend on Fireblocks’ infrastructure. Even if Fireblocks’ services are unavailable, organizations can recover wallets using independent backup infrastructure. Privy and Turnkey require their infrastructure to be operational for recovery, creating vendor dependency. -
How fast can we go live with Fireblocks embedded wallets?
Teams can integrate and launch in days with standard web developers, no crypto specialists required. Fireblocks provides everything out-of-the-box including authentication flows, wallet UX, transaction management, fiat onramps, and gas sponsorship. -
Can we start small and scale later with Fireblocks?
Yes. Fireblocks is designed to support starting with a limited set of corridors/providers, then expanding as operations and offerings grow without re-platforming. -
What blockchains does Fireblocks support for embedded wallets?
Fireblocks supports every EVM network, every SVM network, Bitcoin, Sui, and TON. Support for embedded wallets on more networks is coming soon.
