Mock Call Prep Flashcards
Fireblocks
At a high level Fireblocks allows you and your team to securely scale your business by enabling you to store, transfer & issue digital assets across your eco-system.
What are we not?
We are not a custody provider, just a technology that allows you to self custody your assets
Treasury Management (command center)
For visibility of all your assets across all ecosystems. You can set and see vaults for different asset types in one place, as well as transactions, its good for balancing funds, and governance with our policy engine.
Transaction Authorization Policy (TAP)
Our policy engine that allows you to control who, what, when, where, how when moving assets. Ex. retail can set granular provisions for what users can to with moving digital assets in wallets—>for traders for fund, Ex: For example, if you have someone in operations and their job is to move up to 10k/day maybe for payments or something similar they can do that and be the sole signer. However if they go over 10k/day it will require the signature of 2 out of 3 people.
Wallet as a Service
Fbks allows you to programmatically provision user wallets via API. So say a user logs in via email and password a wallet will be provisioned to them - These will have your companies look and feel and the user wouldn’t even know that it was a Fireblocks wallet.
We have a couple of different options when it comes to user wallets. The key difference is who ultimately holds the private key to the wallet AKA who is the custodian.
(Embedded Wallet or Direct Custody Wallet)
Network
Fireblocks Network is an interconnected group of 1300+ Fireblocks customers (and 25+ integrated exchanges) that can discover and connect with each other, as well as securely transfer between each other with greater speed and less risk of errors.
when you are connecting to liquidity provider/otc desk/ market makers (Exchanges care about that) connecting with other counterparties
Fbks Exchange
Anyone using Centralized Exchange** Connect to exchanges via APIs move fund from fireblocks to exchange and exchange to fireblocks– Anyone using a Centralized Exchange would like (off ramp, trade/balance)
→ cannot execute any trades on fbks just execute
Ex bitcoin on fireblocks can move to Deribit but cant trade/sell
Tokenization
Automate your NFT and token operations- mint burn and store tokens w/ fbks
Mint and transfer NFTs and utility tokens at scale, directly to your users’ in-app wallets
Token issuance
mint your tokens with one click. Deploy and secure any smart contract across 35+ blockchains with Fireblocks MPC wallets. Issuers can easily mint tokens using our own audited and customizable pre-built smart contracts, access smart contracts from our partners from the Fireblocks platform or link to your own smart contracts.
Token custody
Enterprise grade wallet security & key management infrastructure. Secure tokenized assets with Fireblocks multi-layer security. Our security utilizes the strongest software and hardware defenses to eliminate a single point of compromise and create a truly secure environment for storing digital assets
Token Distribution
Direct connectivity to the secondary markets. The Fireblocks Network provides secure digital asset transfers with more than 1,800 of the largest banks, exchanges, liquidity providers, lending desks, and market makers. The Network simplifies digital asset transfers by removing the need to whitelist addresses, manually enter error-prone deposit addresses, or send test transfers.
token governance
automate authorization workflows Fireblocks Policy Engine is the governance layer for your tokenization operations. It allows you to configure granular policies and user permissions for minting, transferring, and burning to prevent unauthorized token operations. Operations teams can automate approval workflows to efficiently manage daily token operations
DeFi
Fbks allows you to securely interact with the DeFi space, can deploy DeFi strategies while maintaining secure trading operations. Access dApps across 40+ blockchains
you can connect to DeFi in 3 separate (first via wallet connect, via Rabby wallet its a forked version of rabby wallet built w/ our security layers in place (looks/functions like Rabby wallet), programmatically via SDK)
1) transaction simulation before approving any transaction in DeFi you can see the expected events & affected assets. 2) malicious dApp protection, this means upon connecting to a dApp we will notify you if that dApp has been flagged as malicious or suspicious
