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BeInCrypto Institutional 100 Awards Nomination: Fireblocks for Best Digital Asset Custody Provider

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The digital asset market has officially outgrown its era of speculation. The real story of 2026 isn’t about price swings; it’s about the quiet, massive re-engineering of global finance happening behind the scenes. At the heart of this shift is Fireblocks.

While others focused on the hype, Fireblocks focused on the plumbing, creating the secure, high-velocity rails that now allow the world’s largest institutions to move value at the speed of the internet.

Fireblocks is the infrastructure layer behind many of the largest names in digital finance. Its MPC-based custody technology powers wallets and transactions for Robinhood, Revolut, Wintermute, Bybit, BtcTurk, BNY Mellon, BNP Paribas, Galaxy, Bakkt, FalconX, among others. While its NYDFS-chartered Trust Company, granted in August 2024, now provides direct qualified custody for institutional clients. 

Founded Total Assets Secured Clients Total Funding Wallets Blockchains
2018 $10T+ 2,400+ $1.04B 550M+ 150+

In July 2025, the platform routed an estimated 15-20% of all global on-chain stablecoin volume through its Network for Payments product alone (Fortune, Sep 2025; denominator via Dune Analytics). [BIC Verified]

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Fireblocks submitted a formal memo to the SEC Crypto Task Force in February 2025 and was invited as a panelist alongside Fidelity, Anchorage, and Kraken at the SEC’s custody roundtable

Enter the BeInCrypto Institutional 100 Awards.

On-chain forensics from Arkham Intelligence identify 59 entities and 999+ addresses tied to its infrastructure; a fraction of its reported client base. 26 SEC filings in 2026 year-to-date reference the company by name.

Beyond Storage: The Case for Fireblocks

Fireblocks is nominated for Best Digital Asset Custody Provider because they have successfully bridged the gap between “Bank-Grade Security” and “Fintech Speed.” During an exclusive interview with BeInCrypto’s Global Head of News, Brian McGleenon, Varun Paul, Senior Director for Financial Markets at Fireblocks, outlined how the company is moving beyond mere storage to facilitate the massive movement of institutional value.

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Discussing the shifting demands of the industry, Paul noted to McGleenon that the challenge of custody has evolved from simple protection to complex, high-velocity scalability:

“Security is the first requirement… but it goes beyond that. It’s about the integrations, the connectivity, and the scalability because the market is growing so rapidly that we now need to be prepared for a financial system on these rails.”

In 2025 alone, Fireblocks processed $5 trillion in transactions, with nearly half of that volume in stablecoins, a metric that underscores their role as the primary engine for global value transfer. Their defense-in-depth approach provides the “governance and security upfront” that has allowed institutions to scale securely into the digital asset space.

Looking toward an agentic future, Paul emphasized to McGleenon that Fireblocks is already building the necessary guardrails. While AI agents and programmable ledgers are set to drive the next wave of institutional adoption, they require a sophisticated governance layer to prevent risk. As Paul explained: “

You need the smart contracts to be able to work between these blockchains… Interoperability becomes critically important.”

By providing the connectivity that prevents “fragmented islands” of liquidity, Fireblocks is ensuring that by 2030, the $30 trillion in projected tokenized assets will have a secure, high-velocity home. Through their collaboration with institutions and their commitment to building the rails of the future, Fireblocks is not just participating in the market, they are defining the next decade of finance.

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Crypto World

Is ZEC Breakout a Bull Trap?

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Is ZEC Breakout a Bull Trap?

Zcash (ZEC) rallied after President Donald Trump announced a two-week ceasefire deal with Iran, leading gains in a broader relief rally across global risk markets.

Key takeaways:

  • A 2021-style fractal warns ZEC price could fall 40% toward in the coming weeks.

  • Over $50 million in long leverage sits below current prices, leaving ZEC exposed to a possible crash.

ZEC/USD vs. XMR/USD and DASH/USD price performance in the past five days. Source: TradingView

ZEC rally risks becoming a 2021-style bull trap

The privacy coin rose over 30% in the past 24 hours to $336.50 on Tuesday, its highest level since January. Its top rivals also climbed, with Monero (XMR) up 3% and Dash (DASH) up 8%.

ZEC’s latest rebound is starting to resemble the setup that followed its 2021 peak. Back then, it entered a prolonged bear cycle after peaking near $392.

During this correction, ZEC underwent multiple sharp bounces after testing its 0.238 Fibonacci retracement line at around $85, only to see its upside momentum weakening underneath a descending trendline resistance.

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ZEC/USD weekly chart. Source: TradingView

Zcash’s current setup looks similar. Its 0.236 Fib level near $197 is again acting as strong support, while a descending trendline continues to cap upside attempts.

ZEC/USD weekly chart. Source: TradingView

A continued rebound could lift ZEC toward its 0.5 Fibonacci retracement level near $370, which also lines up with the descending trendline resistance.

But the rally could lose steam if bulls fail to break above the trend line, raising the risk of a pullback toward the $197–$200 support zone. In that case, the current move may start to look like the 2021 bull trap setup.

Related: Zcash devs raise $25M from major VCs months after ECC split

Conversely, a decisive breakout above the trendline may trigger a falling wedge breakout setup, with a measured upside target at around $1,200.

ZEC/USDT weekly price chart. Source: TradingView

In the past, multiple analysts, including BitMEX co-founder Arthur Hayes and Alphractal CEO and Co-Founder Joao Wedson, have predicted the ZEC price to reach $1,000 or higher.

ZEC liquidation data raises downside risks

Zcash’s liquidation heatmap points to greater downside risk in the coming weeks.

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For instance, Binance’s ZEC/USDT contracts may see $3.81 million worth of cumulative short liquidations if the price rallies above $380 in the coming weeks.

Binance ZEC/USDT liquidation heatmap (1-week). Source: CoinGlass

In comparison, roughly $50.56 million in cumulative long positions could be wiped out if the price drops below $260.

Markets tend to move toward zones where many leveraged positions are concentrated. In ZEC’s case, the larger concentration sits below the current price, where long liquidations far exceed potential short liquidations above.

The heatmap also highlights $305–$306 as the largest single liquidation pocket, with about $1.76 million in leveraged positions clustered in that range. That makes it an important near-term level to watch.