Fireblocks, the New York-based digital assets security firm has simply accomplished its most significant examination carried out by Big Four firm Ernest &Young.
On the 19th of December, a blog was released that Fireblocks,which provides an institutional grade platform for a secured transfer of blockchain based digital assets,received the service organization control(SOC) 2 Type lol certification performed by EY.
Corresponding to the manifold EY inspections which reportedly took morevthsn six months, Fire block is now recognized as a company that provides technology and services that meet existing strict security and data protection laws worldwide.
The firm claimed in an announcement that Fireblocks’customers can be sure that they data is highly protected and any complaints with their company controls, regulatory requirements and policies.
A blog confirmed that the new certification will purportedly allow Fireblocks to attract more financial players on Wall Street. The spokesman said the names of new potential partners couldn’t be disclosed because the conversations are still in progress, the names of the new potential partners are not to be disclosed because of the process. The CEO and Co founder of Fireblocks, Micheal Shaulov made emphasis on the importance of the fact that the company was examined by a third party to prove that Fireblocks represents “above and beyond the highest industry standard “.
Idan Ofrat, the CO founder and CTO of Fireblocks said that ever since the launching in June 2019,Fireblocks has secured over $9 billion in digital assets transfers. HiBtc and OKex inclusive of other 20 crypto exchanges integrated.
As reported by a blog, it’s known that Fire block was launched out of the stealth mode with $16 million in funding secured by high profile investors arm of the major investment management firm Fidelity International. It also has as a crypto merchant bank Galaxy Digital as one of its customers