Connect with us

Blockchain

Fireblocks Emerges From Stealth Mode With $16 Million in Funding to Help Institutions Secure Digital Asset Movement

Vlad Poptamas

Published

on

Reading Time: 2 minutes

 

Fireblocks (www.fireblocks.com), an enterprise platform for securing digital assets in transit, announced today its launch out of stealth mode with $16 million in Series A funding from Cyberstarts, Tenaya Capital, Eight Roads (the proprietary investment arm of Fidelity International), Swisscom Ventures and MState.

Fireblocks’ customers, which count some of the largest institutional digital asset trading operators like Galaxy DigitalGenesis Global Trading and more, use the platform to safeguard the digital assets in its portfolio as it is moved across exchanges, OTCs, counterparties, hot wallets, and custodians. Currently, Fireblocks is integrated with 15 digital asset exchanges and offers support for over 180 cryptocurrencies, tokens, and stablecoins.

More than $3B in digital assets were stolen by hackers over the last 18 months due to private key theft, spoofing, and compromised credentials. Recently, Binance, the largest cryptocurrency exchange in the world lost $40MM in bitcoin due to an insecure hot wallet and compromised API credentials. Founded by Michael Shaulov and Pavel Berengoltz,whose mobile security company Lacoon Mobile Security was acquired by Check Point, and Idan Ofrat, the VP R&D of C4 Security which was acquired by Elbit Systems, Fireblocks aims to eliminate the root cause of digital asset hacks and scams.

“While Blockchain based assets by themselves are cryptographically secure, moving digital assets is a nightmare. After interviewing over 100 institutional customers, including hedge funds, broker-dealers, exchanges, and banks, we concluded that the current process is slow and highly susceptible to cyber attacks and human errors,” said Michael Shaulov, CEO and Co-Founder of Fireblocks. “We built a platform that secures the process and simplifies the movement of funds into one or two steps.”

Joined by top security engineers from Symantec, Trusteer, IBM security and leading cryptography advisor, Prof. Ran Canetti, Fireblocks is introducing the first patent-pending Secure Transfer Environment that works with a Hot Vault system. Together, it enables digital assets to be easily transitioned from any storage solution to be primed for immediate settlement and transfer on the blockchain.

“Moving digital assets 24/7, across the globe, uninterrupted, while meeting all enterprise security requirements is industry changing,” said Ivan Brightly, CISO of Galaxy Digital.” For digital asset trading operators, the Fireblocks platform provides a robust security system for digital assets, whether stored or in transit.

“Sitting as part of the broader Fidelity group, we realize that cybersecurity is crucial in the adoption of blockchain and digital assets,” said Davor Hebel, Partner, Head of Eight Roads Ventures EuropeWe are excited to support the Fireblocks team as it develops a cutting edge technology that will help propel digital assets trading to the next level of evolution, enabling huge improvements in operational efficiencies, security, and trust.”

“Securing Blockchain based assets is one of the key challenges in modern Cybersecurity warfare, and it requires heterogeneous expertise in mathematics, system level programming and years of hands-on Cybersecurity experience,” said Gili Raanan, Partner at Cyberstarts and Sequoia Capital. “The Cyberstarts team is thrilled to partner with Michael, Idan & Pavel, who amazed us with their technology breakthrough to eliminate risk from digital assets management.”

 

SOURCE Fireblocks

Hello!


Thank you for visiting my profile and thank you for reading my news and published press release!


There a many things that shape a man, but the carving is done by the hobbies and passions. I've pursued two main careers, professional photography and webdesign, while also keeping a passion for automobiles, technology and games. At PICANTE NEWS, I take care of news editing and press release publishing in se
veral categories and as I've mentioned, during my spare time, I am also a professional photographer with webdesign skills.

My future plans include developing more journalistic skills and start creating investigative journalism. You can find my reports and press release coverages in the following categories:


BANKING/FINANCIAL SERVICES, COMPUTER ELECTRONICS, AUTOMOTIVE, CONTRACTS, ANALYSIS, INTERNET TECHNOLOGY, BIOTECHNOLOGY, BLOCKCHAIN, ACQUISITIONS, RETAIL, and many more.



You can get in touch to discuss interviews or possible article submissions by contacting us.


Let's also connect via social media! You can find me on Facebook or visit my photo portfolio.

Advertisement
Comments

Blockchain

Resulticks Welcomes Sophie Pibouin as Executive VP of Sales of the Americas

Vlad Poptamas

Published

on

Photo source: martechseries.com
Reading Time: 1 minute

 

Real-time omnichannel marketing solutions provider Resulticks has announced the expansion of the company’s leadership team with the hire of Sophie Pibouin as Head of Sales, U.S. Resulticks’ AI-powered platform provides users with segmented data and consumer behavior analytics, allowing marketers to create highly targeted and individualized campaigns across telecom, healthcare, banking, hospitality and other diverse industries.

Sophie Pibouin brings a global perspective, deep understanding of the market and unparallel expertise in propelling business growth. With two decades of executive experience including roles at IBM, SDL, Chronicle Solutions and CA Inc., she has led the strategic evolution and exceptional expansion of Fortune 500 and VC-backed high-tech companies, achieving record increases in sales and uplifts in competitiveness.

“The addition of Sophie to our executive team comes as we see strong opportunities across the region, which will play a significant role in Resulticks’ forward growth strategy,” said CEO and co-founder Redickaa Subrammanian. “Bringing deep marketing and global technology experience that complements our existing capabilities, she is well-positioned to be an integral asset to our U.S.-based clientele.”

In her new role, Sophie will lead efforts to expand Resulticks’ U.S. footprint and identify new opportunities for accelerated growth.

“I am delighted to be joining a rapidly growing organization that is delivering a holistic solution to its users,” said Sophie Pibouin, Resulticks Executive VP of Sales of the Americas. “Resulticks’ all-in-one cloud-based platform helps marketers understand and reach their audiences in a truly integrated way, and I am eager to bring that value to even more U.S.-based brands.”

Prior to joining Resulticks, Sophie was the Worldwide Sales Leader at IBM Watson. A graduate of the University of Flaubert in France, she is based in New York City.

 

SOURCE Resulticks

Continue Reading

Blockchain

Hyperledger Welcomes Diverse Line-up of New Members, New Identity Project

Vlad Poptamas

Published

on

Reading Time: 3 minutes

 

Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced a diverse line-up of eight new members, including Ethereum Foundation, Microsoft, Nornickel and Salesforce.  Hyperledger also added a new identity infrastructure project that spotlights interoperability, cross project development and broad community involvement.

Hyperledger is a multi-venture, multi-stakeholder effort hosted at the Linux Foundation that includes various enterprise blockchain and distributed ledger technologies. With the recent launch of Hyperledger Aries, there are now a total 13 projects in the Hyperledger greenhouse. Ongoing efforts to continue fostering community development also drove the introduction of a sixth special interest group (SIG) focused on the supply chain industry as well as the kick off of the intensive, hands-on 2019 Summer Mentorship program.

“Our new members illustrate the breadth of organizations that see the value of contributing to the Hyperledger community,” said Brian Behlendorf, Executive Director, Hyperledger. “The mix of blue chip technology companies, international organizations, logistics and manufacturing players and academia that have joined us from point around the world show the widespread interest and investment in open source enterprise blockchain technologies. This broad-based involvement is what drives our expanding portfolio of open source projects, which are fully conceived, developed and advanced by the ever-growing Hyperledger community.”

Hyperledger allows organizations to create solid, industry-specific applications, platforms and hardware systems to support their individual business transactions by offering enterprise-grade, open source distributed ledger frameworks and code bases. The latest general members to join the community are Gloscad, Microsoft, Milligan Partners, Nornickel and Salesforce.

Hyperledger supports an open community that values contributions and participation from various entities. As such, pre-approved non-profits, open source projects and government entities can join Hyperledger at no cost as associate members. Associate members joining this month include China Academy of Information and Communications Technology (CAICT), Ethereum Foundation and GS1 US.

These organizations and our other members will be joining us in Tokyo at the end of July for our annual Member Summit.

New member quotes:

Gloscad
“In a world where everything is connected, where transactions and information are instantly delivered and processed around the world, it is now crucial to adapt our rules of conduct – from analysis, preparation, production to consumption,” said Criss Boukoulou, CEO and co-founder of Gloscad. “Our main goal is to provide sustainable solutions to the most basic human needs. Hyperledger offers an opportunity to reinvent the agricultural model by building trust on human level. As a general member, we look forward to contributing to this new ecosystem.”

Microsoft
“Our journey in the blockchain ecosystem has brought us a long way, and now is the time for us to join the Hyperledger community,” said Marley Gray, Principal Architect, Blockchain Engineering at Microsoft. “We are proud of our contributions to such a diverse blockchain ecosystem, from our Azure service offerings and developer toolkits to our leadership in driving open specifications. We look forward to contributing to the community’s projects as well as initiating new ones based on emerging standards.”

Milligan Partners
“Joining Hyperledger is tremendously valuable to us as we develop blockchain solutions for Mobility as a Service,” said Matt Milligan, Managing Partner at Milligan Partners. “By working in this diverse open source community, we can be more creative and more innovative than we could ever be on our own. We’re thrilled to support and contribute to the Hyperledger community.”

Nornickel
“Hyperledger is our core technology. By joining Hyperledger, we plan to share our expertise and knowledge to improve blockchain technology,” said Sergey Batekhin, Senior Vice President — Sales, Procurement, and Innovation at Nornickel. “Our company has formed a considerable pool of ideas, concepts and initiatives that can be offered to other industry players. By joining the Hyperledger community, we are making our inventions accessible to interested parties around the world.”

Salesforce
“Blockchain is quickly becoming a foundational technology for organizations to deliver a truly connected customer experience,” said Adam Caplan, SVP, Emerging Technology, Salesforce. “Hyperledger has created a great blockchain community that we’re excited to learn from and be a part of.”

 

SOURCE Hyperledger

Continue Reading

Blockchain

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

Vlad Poptamas

Published

on

Jack Bai and Jelurida team members during their visit to Singapore in November 2018 with the Wise MPay ATMs (PRNewsfoto/Jelurida Swiss SA)
Reading Time: 2 minutes

 

Singapore-based global payments technology company, Wise MPay, are working with renowned blockchain experts, Jelurida, to launch a public-permissioned blockchain financial services (BFS) platform. With KPMG research showing 27% of Southeast Asians own a bank account while local mobile connections outnumber the population by 33%, the region is ripe for a revolution in access to digital finance. Coalculus is aiming to launch in September 2019 as JPL-compliant software that brings cutting-edge digital payment, remittance, and ATM solutions to governments, banks, and the unbanked of Southeast Asia.

Banks and financial institutions consider blockchain capable of both increasing trust in multi-party centralized ecosystems and increasing the speed, security and efficiency of many traditional banking processes. The Coalculus BFS platform is being built on the time-tested Proof-of-stake (POS) consensus algorithm, ensuring high levels of decentralization, security, scalability and efficiency. Based on a permissioned version of Jelurida’s Ardor technology, Coalculus promises lower costs, faster execution of transactions, improved transparency, auditability of operations, and other advantages that will benefit both financial institutions and unbanked individuals seeking access to digital financial services.

Wise MPay also added end-to-end KYC/AML/CFT processes to its enterprise blockchain solution, value added with internet-of-things (IOT) devices such as prepaid cards and automated teller machines (ATMs). Additionally, Coalculus provides the infrastructure for easily developing, integrating, and adopting mobile applications with built-in tools like QR code generators and standard application programming interfaces (APIs).

Mr Jack Bai, Director of Wise MPay, said, “Our vision for Coalculus is to create a globally-trusted financial transaction facilitation platform, but our initial focus is between ASEAN (Association of Southeast Asian Nations) countries, Hong Kong and Australia. Our framework is a convergence of public and permissioned blockchains developed on the simple idea that organizations should be able to quickly and easily implement new financial services and leverage the benefits of blockchain. This is our USP and this is why we chose Jelurida as our technology provider.”

“We are impressed by the professionalism of the Coalculus team. Wise MPay came to us with more than just a vision,” said Lior Yaffe, Senior Developer and Managing Director of Jelurida. “They keenly understand the different blockchain technologies on the market and have identified opportunities for maximizing the value of their BFS platform. It has been our pleasure to support the team at Wise MPay in making Coalculus a reality.”

 

SOURCE Jelurida Swiss SA

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Follow our Tweets

Trending

Please turn AdBlock off