Fireblocks to Secure Crypto Lending Company in The US

Fireblocks, an organization that protects digital assets in transit, is being chosen by Celsius Network, a provider of interest income and digital asset loans, to protect over $400 million assets and over 50,000 active wallets.

"We spent months testing the Fireblocks platform to ensure it aligns with our stringent technology and security requirements. We concluded that the Fireblocks platform provides the type of advanced security we want for our members," states Nuke Goldstein, CTO of Celsius Network. "Given our diverse set of services, the engineering and operations team required a solution that could be customized to fit all of our use cases, and Fireblocks was able to deliver that for us."

Celsius thus provides enterprise-grade security. With Fireblocks we can securely and efficiently manage a multitude of digital assets across a wide range of lending venues all from one platform," said Young Cho, CFO of Celsius Network.

Celsius disrupts retail financial services and banking by allowing users to earn up to 10% APR on their assets. "We are not only securing the movement of hundreds of millions of digital assets per day but working with Celsius allows Fireblocks to assist in connecting millions of consumers to institutional investors to streamline the flow of digital assets across the whole ecosystem," explains Michael Shaulov, CEO and Co-Founder of Fireblocks.