“Can Fireblocks become the dominant rails-agnostic stablecoin infrastructure platform — custody, wallets, payments orchestration, and compliance — that any institution needs to operate in digital assets?”
Founded in 2018 as a pure-play MPC custody and secure transfer infrastructure provider for institutional crypto traders and banks, Fireblocks progressively expanded from custody into a full digital asset and stablecoin operations platform. By 2023–2024, it moved beyond institutional vault management into embedded wallets and consumer-app infrastructure (via the Dynamic acquisition), and by 2025 it repositioned as a stablecoin payments orchestration platform targeting PSPs, remittance providers and global banks. The company now sits at the intersection of crypto custody, stablecoin infrastructure, and embedded finance — enabling clients to move, hold, issue and manage stablecoins at scale.
Fireblocks processes payments through Fireblocks Network (self-operated stablecoin payment rails).
Fireblocks's cards are issued through Wirex Pay (Visa debit card issuance).
Fireblocks uses dLocal, Yellow Card and Bridge for FX and cross-border payouts.
Fireblocks's crypto products run on Fireblocks (self-operated).
The Embedded Finance Index 2026 maps 4 layers in Fireblocks's stack: Payments / PSP (Fireblocks Network (self-operated stablecoin payment rails)); Card issuing (Wirex Pay (Visa debit card issuance)); FX & payouts (dLocal, Yellow Card and Bridge); Crypto (Fireblocks (self-operated)).
Fireblocks is founded in 2018 and headquartered in New York, NY, USA.
Fireblocks has raised $489M+ in total (latest round: Series D, July 2021; valuation: $2.2B (post-money, July 2021)).
Get a read on where your own stack stands against Fireblocks and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.