BDIC Teams Up with Fireblocks to Bolster Institutional Digital Asset Security
BDIC Insurance, a leading provider of crypto insurance solutions, has partnered with Fireblocks to strengthen institutional digital asset security and expand its coverage capabilities. This strategic operational collaboration enables BDIC Insurance to integrate Fireblocks' secure custody, payments, and tokenization technologies into its underwriting and risk-assessment workflows.
The agreement aims to deliver stronger security assurances for institutions such as exchanges, custodians, banks, fintechs, and enterprise self-custody wallet platforms. By leveraging Fireblocks' patented Multi-Party Computation (MPC) custody architecture, BDIC Insurance can better quantify and mitigate cryptographic key compromise risk.
BDIC's Chief Executive Officer & Founder, Jeffrey A. Glusman, highlighted the importance of this partnership: 'Fireblocks was built to help institutions move, store, and issue digital assets with the security and operational rigor expected by regulated financial firms.'