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Fireblocks launched a non-custodial wallet-as-a-service aimed at catering to businesses across various sectors, reflecting a broader industry trend towards user-controlled digital assets. 
Fireblocks <a href="https://www.fireblocks.com/press/fireblocks-launches-industrys-most-secure-non-custodial-wallet-built-for-fintechs-corporates-in-web3/" data-type="link" data-id="https://www.fireblocks.com/press/fireblocks-launches-industrys-most-secure-non-custodial-wallet-built-for-fintechs-corporates-in-web3/" target="_blank" rel="noopener noreferrer nofollow">introduced</a> a non-custodial wallet-as-a-service (<a href="https://crypto.news/circle-launches-beta-test-of-wallet-as-a-service-for-developers/" data-type="link" data-id="https://crypto.news/circle-launches-beta-test-of-wallet-as-a-service-for-developers/" rel="noopener noreferrer nofollow">WaaS</a>) tailored for various sectors, including brands, corporates, fintechs, and web3 businesses today, Sept. 11. This development is noteworthy as it reflects a larger industry trend toward user-controlled assets, particularly in light of challenges faced by centralized platforms like FTX. 
The non-custodial <a href="https://www.fireblocks.com/platforms/non-custodial-wallets-as-a-service" data-type="link" data-id="https://www.fireblocks.com/platforms/non-custodial-wallets-as-a-service" target="_blank" rel="noopener noreferrer nofollow">wallet</a> is designed to work across multiple platforms, including iOS, Android, and web browsers, facilitated by a software development kit. 
While there is a growing interest in defi, non-fungible tokens (<a href="https://nft.news/?utm_source=crypto.news&amp;utm_medium=referral" data-type="link" data-id="https://nft.news/?utm_source=crypto.news&amp;utm_medium=referral" rel="noopener noreferrer nofollow">NFTs</a>), and native web3 functionalities among fintechs and brands, these innovations come with their own sets of challenges, specifically around security and compliance. Issues such as the loss of <a href="https://crypto.news/glossary/seed-phrase-in-crypto-wallets/" data-type="link" data-id="https://crypto.news/glossary/seed-phrase-in-crypto-wallets/" rel="noopener noreferrer nofollow">seed phrases</a> and vulnerabilities in multi-party computation have created hurdles in ensuring user security at scale. 
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 Today, Fireblocks is excited to introduce our non-custodial wallet-as-a-service offering, built specifically for brands, corporates, fintechs, and Web3 businesses. Read on → <a href="https://t.co/kxUKRGyHf0" target="_blank" rel="noopener noreferrer nofollow">https://t.co/kxUKRGyHf0</a> <a href="https://t.co/dOBmSrsxsS" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dOBmSrsxsS</a>— Fireblocks (@FireblocksHQ) <a href="https://twitter.com/FireblocksHQ/status/1701255959555825820?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 11, 2023</a> 
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To mitigate these challenges, Fireblocks’ non-custodial WaaS employs MPC-CMP technology within a hardware-based trusted execution environment. This aims to add multiple layers of security and safeguard the private key from internal and external threats. 
Moreover, the company holds various compliance certifications like CCSS Level III, SOC2 Type II, ISO 27001, ISO 27017, and ISO 27018, indicative of a commitment to meet <a href="https://crypto.news/tag/regulation/" data-type="link" data-id="https://crypto.news/tag/regulation/" rel="noopener noreferrer nofollow">regulatory standards</a>. 
 You might also like: <a href="https://crypto.news/fireblocks-disclosed-vulnerabilities-for-crypto-wallets/" rel="noopener noreferrer nofollow"> Fireblocks disclosed vulnerabilities for crypto wallets </a> 
The non-custodial WaaS is modular and white-label, meaning businesses can overlay their own user interfaces and features atop Fireblocks’ underlying technology. This allows for customization according to specific business needs without exposing users to operational risks inherent in any new technology. 
Flipkart, an e-commerce giant in India, has integrated Fireblocks’ WaaS infrastructure for its web3-based brand engagement and loyalty program. This represents one of the real-world applications of such technology, aiming to onboard a large, mobile-first customer base onto <a href="https://crypto.news/tag/web3/" data-type="link" data-id="https://crypto.news/tag/web3/" rel="noopener noreferrer nofollow">web3</a> platforms. 
For web3 developers, the wallet service offers a range of features, such as Web3 Wallet Link and a Policy Engine, designed to control and protect user interactions with decentralized applications (<a href="https://crypto.news/glossary/decentralized-applications-dapps/" data-type="link" data-id="https://crypto.news/glossary/decentralized-applications-dapps/" rel="noopener noreferrer nofollow">dapps</a>). 
Fireblocks’ non-custodial WaaS is part of a broader suite of services, which includes a treasury management component for digital assets. As of now, the platform reports securing over 130 million wallets for a diverse range of entities, from financial institutions to fintech startups. 
 Read more: <a href="https://crypto.news/fireblocks-integrates-google-cloud-and-others-for-enhanced-blockchain-security/" rel="noopener noreferrer nofollow"> Fireblocks integrates Google Cloud and others for enhanced blockchain security </a>

Fireblocks launches non-custodial wallet-as-a-service

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