30s Summary

Digital asset platform Fireblocks is partnering with Google Cloud to enhance its security by integrating Google’s “Confidential Space” features. The move boosts Fireblocks’ key management services and provides a comprehensive safety net for digital assets. The features include identity and access management, attestation service, and complete encryption for data even when in use. This partnership is part of Fireblock’s effort to accommodate the needs of large companies and institutions requiring advanced privacy and security for their digital assets operations.

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Fireblocks, a platform that deals with digital assets, is teaming up with Google Cloud. They aim to ramp up their security game by integrating “Confidential Space” security features. In other words, they’re about to make their key management services a lot safer and stronger.

This collaboration is adding Google Cloud security to Fireblocks along with an array of security tools such as an attestation service, identity and access management (IAM), and a key management service (KMS). Essentially, they are building a complete safety net for digital assets on the Fireblocks platform. What’s more, they assure that it checks all the boxes for regulatory and compliance requirements.

According to Michael Shaulov, Fireblocks’ CEO and co-founder, this integration with Google Cloud’s Confidential Space ensures customers can conduct critical digital asset operations in a super secure and scalable environment. The integration is aimed towards big companies and institutions that need enhanced privacy and security for their digital asset operations.

In the digital assets management industry, things are always changing. Fireblocks has made a name for itself as a big player. Just lately, Immutable, a Web3 company based on the Ethereum blockchain, chose Fireblocks to help game developers keep their assets safe and properly managed.

Google Cloud uses something called “Confidential Space” to tackle the tricky business of securing blockchain-based tech. Confidential Space is a confidential computing virtual machine environment nestled within the Google Cloud platform. It offers the unique advantage of keeping data isolated at all times. That means any digital assets held in Confidential Space are encrypted 24/7, even while they’re being used. This is essential because without it, assets would only be protected via encryption while being stored or transferred.

According to Rene Kolga, product boss at Google Cloud, Confidential Space is already a big deal in the Web3 industry. This partnership with Fireblocks is a great way for Google to further stretch its wings in the ever-growing digital assets field.