Falcon Finance, the next-generation synthetic dollar protocol, today announced that it has integrated Fireblocks Off Exchange, significantly enhancing the security framework for all user assets. Unlike custodial solutions that transfer counterparty risk to centralised clearing parties, Fireblocks Off Exchange takes a technology-first approach, enabling Falcon Finance’s clients to mitigate all forms of exchange counterparty risk by programmatically locking funds in secure MPC-based shared wallets.
All trading activities utilise mirrored positions while the underlying assets remain in secure cold storage, effectively reducing centralized exchange risks that have plagued the industry. This strategic implementation strengthens Falcon Finance’s security by keeping user assets safer from exchange risks in the synthetic dollar space.
Fireblocks is the world’s most trusted and proven digital asset infrastructure company, empowering organizations of all sizes to build, run and grow their business on the blockchain. With the industry’s most secure, scalable and comprehensive platform, Fireblocks streamlines custody, tokenization, payment, settlement, and trading operations across the largest ecosystem of exchanges, custodians, banks, payment providers and stablecoin issuers in the world.
“User asset security is our absolute priority at Falcon Finance,” said Andrei Grachev, Managing Partner at Falcon Finance. “By building on Fireblocks’ institutional-grade custody technology and off-exchange solution, we’ve created a secure environment where assets never touch exchange hot wallets, eliminating a critical vulnerability in the custody chain.”
This integration will deliver three key security benefits:
- Off Exchange Asset Protection: All user deposits are secured by Fireblock while Falcon’s trading operations on centralised exchanges are conducted through mirrored positions, ensuring that users retain full ownership of their assets without exposing them to exchange-related risks.
- Greater Insulation from Exchange Risk: User assets maintain absolute separation from exchange hot wallets, mitigating vulnerability to exchange-level security incidents.
- Institutional-Grade Security: Falcon Finance leverages Fireblocks’ advanced Multi-Party Computation (MPC) technology, distributing cryptographic key shards across multiple secure nodes to eliminate single points of failure. This implementation combines enterprise-grade security with operational efficiency, ensuring transaction integrity without compromising performance.
Falcon Finance’s integration with Fireblocks marks a significant milestone in its commitment to secure and transparent digital asset management. Moving forward, Falcon Finance will continue advancing its security infrastructure and exploring new innovations to protect user assets and maintain sustainable yields.
For more information about Falcon Finance and its security infrastructure, visit https://falcon.finance
About Falcon Finance
Falcon Finance is a next-generation synthetic dollar protocol. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management.
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