Coincover, Fireblocks partner for digital asset protection

Coincover, Fireblocks partner for digital asset protection

Digital asset protection technology company Coincover has partnered with Fireblocks to give investors enterprise-grade asset security.

Fireblocks is an easy-to-use platform that lets users create innovative products on the blockchain and manage day-to-day crypto operations.

This partnership will supply Fireblocks customers with a secure alternative for key backup and disaster recovery to ensure that users have access to and are always in control of their assets. 

Fireblocks has a belief that users should have total control of their own assets, including where and how they store their assets, in order to further mitigate counterparty risk. To support this objective, the company provides disaster recovery options for how customers recover from a loss of access to their keys or how customers may recover in the event of Fireblocks service disruptions.

Fireblocks vice president and head of corporate strategy Adam Levine said, “For Fireblocks, having full control over one’s assets is firmly at the core of our principles. A major part of that includes our customers’ ability to recover their own private keys.

“Our partnership with Coincover provides our customers with an additional layer of security in the event that our customers lose access to all their key shares. When used in combination with self storage, our customers are guaranteed business continuity, even in the face of market disruption.” 

Coincover strategy & partnerships director Oliver Cummings added, “We believe that crypto security and investor protection in digital assets hold the key to market recovery. The industry needs to build more security into every facet of its operations to prevent these instances of digital theft and instil confidence in the market again.”

Last year, Coincover made its crypto protection technology available to individual crypto wallet holders. Coincover’s preventative technology is backed by an insurance policy placed with certain underwriters at Lloyd’s of London.

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