Deal Box integrates Fireblocks on its digital securities investment platform

Deal Box has integrated with Fireblocks in order to utilize its secure infrastructure to mint and burn tokens securely and efficiently by providing a suite of APIs and tools that facilitate the creation and management of digital assets.

The capital markets advisory and secure token offering packaging platform has integrated Fireblocks’ direct custody technology to provide a secure and reliable environment for its clients to invest in private securities and alternative assets.

This news comes on the heels of Deal Box’s recent announcement of its investment arm, Deal Box Ventures, the company’s latest venture arm set to invest $125 million in web3 technologies. To learn more about Deal Box and its investment packaging services, visit here.

Deal Box tokenized over $250m in 2022

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. The firm enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure.

Deal Box is the creator of Investment Packaging or “IP,” a fundraising process designed to consolidate disparate resources in the capitalization value chain. Its process helps entrepreneurs defend their value while aligning with investor due diligence requirements related to financials and valuation.

The digital securities investment platform enables companies to raise capital from accredited investors through various investment vehicles, including digital securities offerings (DSOs).

According to the firm, in 2022 alone, Deal Box tokenized over $250 million in illiquid alternative assets. These offerings allow companies to raise capital more efficiently, cost-effectively, and securely than traditional fundraising methods.

Deal Box will utilize Fireblocks multi-party computation (MPC) based wallet technology to provide a secure environment for storing, transferring, and issuing digital assets, including cryptocurrencies, tokens, and other blockchain-based assets.

Fireblocks’ capabilities will enable Deal Box to seamlessly integrate digital asset services into its platform, making it easier for startups and emerging companies to raise capital through DSOs. This integration will provide Deal Box customers with a secure and efficient infrastructure for their digital asset management. It is also essential for the success of DSOs and the growth of the digital securities investment market.

Fireblocks integration makes it easier for clients to raise capital through DSOs

Secure storage: Fireblocks uses a combination of advanced security features like MPC, hardware isolation, and tamper-proof hardware to ensure that digital assets are stored securely. This makes it very difficult for hackers to compromise the security of digital assets stored by Deal Box.
Insurance: Fireblocks provides up to $30 million in insurance coverage for digital assets stored in their custody. This provides an additional layer of protection for Deal Box’s clients.
Easy integration: Fireblocks provides a suite of APIs and tools that make it easy for Deal Box to integrate their custody solution into their existing platform.
Compliance: Fireblocks is compliant with industry standards and regulations like SOC 2, PCI DSS, and ISO 27001. This ensures that Deal Box is able to maintain compliance with regulatory requirements.

Thomas Carter, CEO and Chairman at Deal Box, said: “Managing digital securities is at the core of our investment packaging services at Deal Box, which requires a highly secure platform in place for storing and transferring such sensitive assets. We are thrilled to integrate with Fireblocks to offer our clients the highest level of security, reliability, and efficiency when handling their digital assets, making it easier for them to raise capital through DSOs.”

Adam Levine at Fireblocks, VP and Head of Corporate Strategy at Fireblocks, said: “One of the foremost use cases of blockchain technologies is being able to digitize financial assets for trading,” said Vice President and Head of Corporate Strategy. This trillion-dollar market requires industry-leading security infrastructure to ensure the safe storage and transfer of high-value assets. Using Fireblocks to underpin the security of new digital asset products and services will enable Deal Box to deliver that to their customers.”