What is Fireblocks?

Fireblocks provides an easy-to-use solution for securing digital assets, managing day-to-day treasury operations, connecting to exchanges, accessing DeFi, and interacting with trading counterparties. With Cryptoworth integration, you can seamlessly manage and analyze your Fireblocks data for accurate crypto accounting.

Key Features of Fireblocks

• Security
• Fireblocks eliminates a single point of private key compromise by combining MPC-CMP and secure hardware enclaves. It is CCSS Level III, SOC2 Type II, and ISO certified for enhanced security.
• Governance
• Protect your digital asset operations from internal collusion and attackers with the Fireblocks Policy Engine, providing flexible transaction and user controls to meet governance and risk requirements.
• Liquidity
• Connect your business to the digital asset trading ecosystem through the Fireblocks Network, securely connecting with exchanges, DeFi apps, institutional counterparties, and liquidity providers.
• All-in-One Platform
• Run your entire digital asset business on an intuitive interface that enables you to secure tokens and NFTs, manage day-to-day operations, enforce governance, on/off-ramp crypto, interact with DeFi and Web3 apps, and meet compliance requirements.

Use Cases of Fireblocks Data in Accounting

• Accurate Cost Basis and Weighted Average Cost (WAC) Calculation
• Sync comprehensive data from Fireblocks and other relevant platforms.
• Utilize Fireblocks data to calculate precise cost basis and Weighted Average Cost (WAC), facilitating accurate financial reporting and compliance.

Enhanced Reporting with Digital Asset Insights

• Integrate Fireblocks data alongside information from various platforms and protocols.
• Leverage Cryptoworth to produce detailed reports, including Gain/Loss statements specific to digital asset transactions, providing a holistic view of financial health and insights for strategic decision-making.