Fireblocks records over $100M in annual recurring revenue, solidifies unicorn status
Blockchain, Digital Asset Security, Crypto Development Platform Fireblocks announced With annual recurring revenue of over $100 million in 2022, the company has achieved unicorn status among startups.
Annual recurring revenue is the recurring subscription revenue received by a company over a period of time.
The newly crowned Unicorn has established itself as the only platform that eliminates single points of failure and uses multi-party computing (MPC) to protect users from cyber-attacks, manipulation, and human error. On the other hand, its financial management technology also gives the company an edge.
multi-party computation
MPC is a security system designed by Fireblocks that layers software and hardware to enhance the security of your digital assets. Using cryptography, multiple parties, each holding their own private data, can secretly evaluate computations before deciding to share or deviate collectively during protocol execution. will do so.
Fireblocks reported that its MPC has been adopted by prominent entities such as BNP Paribas, Six Digital Exchange, Checkout.com, ANZ Bank, MoonPay, Animoca Brands and more than 1,500 organizations in 2022 alone.
financial management technology
Fireblocks also said the company’s latest success provides secure storage for financial institutions to manage and access digital assets, connect to liquidity pools, and transfer cryptocurrencies or fiat currencies to on-chain counterparties. We believe that this is due to our financial management technology.
