New York-based digital asset security firm Fireblocks has successfully completed a major exam carried out by Big Iv auditing firm Ernst & Young (EY).

Fireblocks, which provides an institutional-course platform for secure transfer of blockchain-based digital assets, received the Service System Command (SOC) two Type II certification performed by EY, the firm said in a press release shared with Cointelegraph on Dec. xix.

Post-obit multiple EY inspections, which reportedly took more than six months, Fireblocks is now recognized as a visitor providing technology and services that come across existing strict security and information protection laws worldwide. As such, global Fireblocks' customers can be sure that their data is protected and compliant with their company controls, policies and regulatory requirements, the business firm claimed in the declaration.

Fireblocks is in talks with financial players on Wall Street

The new certification will purportedly allow Fireblocks to attract more fiscal players equally Fireblocks has already entered talks with Wall Street firms, a representative of Fireblocks confirmed to Cointelegraph. The names of new potential partners could not exist disclosed because these conversations are in progress, the spokesperson said.

Michael Shaulov, CEO and co-founder of Fireblocks, emphasized the importance of the fact that the company was examined by a third party to prove that Fireblocks stands "above and beyond the highest industry standard." The SOC study volition be tracked on an almanac basis to ensure that the platform is operating in compliance with guidelines that span applied science architecture, development and other operations, the press release notes.

At to the lowest degree 20 crypto exchanges including OKEx and HitBTC integrated

Since launching in June 2022, Fireblocks has secured over $nine billion in digital asset transfers, Fireblocks CTO and co-founder Idan Ofrat said.

As reported by Cointelegraph, the firm was launched out of stealth fashion with $16 million in funding secured from high-contour investors including Eight Roads, the investment arm of major investment management house Fidelity International. Fireblocks'southward platform was integrated with 20 cryptocurrency exchanges like OKEx and HitBTC as of September 2022 and reportedly has crypto merchant depository financial institution Galaxy Digital every bit one of its customers.