Fireblocks announces startup-focused blockchain starter toolkit

Crypto safekeeping firm Fireblocks is rolling out a new suit aimed at empowering startups with blockchain-based tools.

Fireblocks, a platform for building decentralized apps and managing crypto operations, has launched a new tool designed to help startups develop blockchain-based products.

The new suit called Fireblocks for Startups aims to provide startups with blockchain infrastructure features, offering such services as treasury management, custody wallets-as-a-service, and embedded wallets among others, a press release shared with crypto.news says.

With the tool, startups could manage their day-to-day treasury operations in crypto, connect to trading platforms, and access decentralized finance. Additionally, it allows product builders to create non-custodial key management solutions, giving them control over their wallets, the press release reads.

Fireblocks co-founder Idan Ofrat says the company wants to help startups address security concerns, noting that many successful projects tend to focus “solely on maintaining front-end stability while neglecting security in the process” during periods of hypergrowth.

Founded in 2018 by Michael Shaulov, Pavel Berengoltz, and Idan Ofrat, Fireblocks offers blockchain firms a suite of products and services designed to provide infrastructure for managing digital assets. The company has raised over $1 billion in funding from investors including Cyberstarts, Tenaya Capital, and Eight Roads among others, according to data from PitchBook.