Michael Shaulov, Co-founder and CEO of Fireblocks

Shaulov completed studies in physics and computer science at Israel’s Ben-Gurion University of the Negev before starting a number of businesses, including Lacoon Mobile Security. Before being acquired by a different cybersecurity-focused company called Check Point in 2015, he oversaw the operation as its CEO. Shaulov served as the organization’s head of products, mobile, and cloud security at Check Point in the years following the Lacoon acquisition.

Fireblocks was established in 2018 and effectively acts as a digital hub through which enterprises can interact with digital assets on a variety of levels, including connecting to other entities, holding assets, and sending them. With $16 million in funding, Fireblocks launched in 2019 and has since racked up a number of successes. Topping the 100-customer mark in the second half of 2020, obtaining SOC 2 Type II certification in late 2019, opening offices in new nations, and securing hundreds of millions of dollars in additional finance are all part of the plan.

2023

According to individuals with knowledge of the situation, Melbourne-based business BlockFold, which assists financial institutions in developing blockchain-based solutions, has been bought by Fireblocks Inc., the cryptocurrency company supported by Sequoia Capital and Coatue Management.

As the sale hasn’t been made public, one of the sources, who wished to remain anonymous, stated that Fireblocks spent around $10 million for BlockFold. Both firms’ representatives declined to comment.

2022

If the expansion and excitement in the cryptocurrency sector are anything like they were in 2021, then Fireblocks may have another eventful year in the next year. In 2021, cryptocurrency adoption grew significantly. More institutions may start (or continue) looking into crypto if the interest persists, with Fireblocks offering itself as a potential remedy.

According to logic, Shaulov should continue to serve as the CEO of Fireblocks and, depending on how popular Fireblocks develops, might grow to be a much greater name in the cryptocurrency sector. In 2021, Shaulov agreed to appear as a guest on a variety of interviews. Demand for his views may increase in parallel with his reputation if Fireblocks’ potential future growth is any indication.

Latest news about Michael Shaulov

• Fireblocks has discovered zero-day vulnerabilities in over fifteen major wallet providers, known as “BitForge,” allowing attackers to retrieve a private key from a single device. The vulnerabilities include GG-18, GG-20, and Lindell 17, with attacks lasting a few seconds. Coinbase, Binance, and Zengo are secure, while other companies are at risk.
• Amy Zhang, a TradFi industry veteran, joined Fireblocks in 2020 as Vice President of Sales, APAC. The platform has facilitated over $4 trillion in digital asset transfers since its launch in 2019. Zhang attracted over 1,800 institutional customers worldwide in 2021, and its 2022 performance exceeded 2021, showcasing market growth despite challenging conditions. At the Hong Kong Web3 Festival 2023, Metaverse Post CEO Danil Myakin discussed the crypto market, metaverse, and AI’s role in blockchain.