Fireblocks

Michael Shaulov (CEO) co-founded the firm and leads overall strategy; Idan Ofrat (CTO) and Pavel Berengoltz (CPO) co-lead technology and product direction. The three previously worked together at Check Point, where they investigated cyber breaches that informed Fireblocks’ MPC-based security architecture. A dedicated CEO runs Fireblocks Financial Services, the regulated unit, indicating a separation between core platform development and regulated financial activities.

Fireblocks provides the infrastructure layer — its MPC wallet technology and chip-isolation hardware — that lets institutions self-custody or delegate signing rights without ever reconstructing a full private key. The company is not a qualified custodian in the traditional sense; instead, it supplies the technology that banks, exchanges, and fintechs use to build their own custody stacks. Its Fireblocks Financial Services unit may offer regulated services directly in certain jurisdictions.

The firm’s cybersecurity pedigree and Check Point alumni network provided initial enterprise credibility. It has since grown through direct sales to financial institutions — ABN AMRO is a publicly named banking client — and through network effects: the Fireblocks Network connects participating institutions for instant settlement, so each new member increases the utility for existing participants. Venture backers including Cyberstarts, Tenaya Capital, and Stripes sit on the board.

Stablecoin settlement and programmable payments are central to Fireblocks’ current strategy. In 2026 the company launched an Agentic Payments Suite designed for PSPs and fintechs, enabling agent-initiated — i.e., non-human-triggered — payments and settlement flows. This positions the platform as a bridge between traditional payment rails and blockchain-based stablecoin infrastructure for programmable treasury operations.

Fireblocks operates as an enterprise infrastructure provider, not a family office or a venture firm. Its core product is a security and settlement platform for digital assets; it serves multiple institutional client types rather than managing a single pool of proprietary capital. The firm does have venture-capital backers and board members from Cyberstarts, Tenaya Capital, and Stripes, but they are investors in Fireblocks, not capital deployed by Fireblocks.

The firm does not publicly list excluded sectors, but its product focus on MPC-based custody, settlement, tokenization, and staking suggests it does not operate as a proprietary trading desk or an investment fund. It provides infrastructure across digital-asset classes without explicitly restricting which tokens clients support, leaving compliance and asset-selection policies to the regulated institutions that use its platform.

Fireblocks Financial Services is a distinct unit with its own CEO, designed to deliver regulated services — such as lending or staking — on top of the core custody and settlement infrastructure. This separation allows the parent platform to remain a technology provider while the financial-services arm interfaces directly with regulatory frameworks in specific jurisdictions.