Hong Kong, July 31, 2026 — Blockchain Deposit Insurance Corporation (BDIC Insurance/BDIC HK LTD), a provider of crypto insurance solutions for digital asset custodians, exchanges, and enterprise self-custody wallet platforms, said it has entered into a strategic operational collaboration with Fireblocks, the enterprise platform that secures more than $14 trillion in digital asset transactions.

The announcement comes as institutional demand for verifiable, insured digital asset custody has grown following a series of high-profile exchange failures and custody breaches in recent years, which exposed persistent gaps in coverage across the sector.

According to BDIC Insurance, the agreement will allow it to integrate Fireblocks' custody, payments, and tokenization technologies into its underwriting and risk-assessment workflows. The company said the collaboration is intended to strengthen security assurances for the institutions it serves and support broader adoption of insured crypto assets and services.

The partnership combines BDIC Insurance's coverage solutions for wallets, exchanges, and enterprise self-custody platforms with Fireblocks' infrastructure, which the company described as an industry standard for banks, fintechs, payment processors, and institutions that operate digital asset custody services. BDIC said Fireblocks' patented Multi-Party Computation (MPC) custody, tokenization tools, and global payments rails will help it evaluate, insure, and support clients using modern security controls and operational capabilities.

"Fireblocks was built to help institutions move, store, and issue digital assets with the security and operational rigor expected by regulated financial firms," said Jeffrey A. Glusman, CEO and Founder of BDIC Insurance. "By integrating Fireblocks into our underwriting and coverage workflows, we're enabling customers to demonstrate the controls and resilience insurers require. This was a critical step for BDIC in scaling insured digital asset services across banks, custodians, fintechs, and enterprise self-custody wallet platforms."

BDIC said one of the main benefits of the collaboration is greater confidence in underwriting. The company said it plans to incorporate Fireblocks' MPC-based custody architecture, operational controls, and auditability features into its risk-assessment framework. According to BDIC, this should support more precise underwriting, tailored policy terms, and faster coverage issuance for institutional partners.

Allen Sautter, CIO and CISO of BDIC, said the collaboration will help the insurer better assess and reduce cryptographic key compromise risk.

"By recognizing Fireblocks' patented MPC approach, BDIC Insurance can better quantify and mitigate cryptographic key compromise risk," Sautter said. He added: "Security and operational excellence are non-negotiable for institutions that custody or move digital assets. Working with Fireblocks allows BDIC to align insurance coverage with best-in-class infrastructure practices. Our policyholders and their customers benefit from stronger technical controls and clearer risk transfer, while markets benefit from reduced friction in accessing the platform services."

BDIC also said the partnership should improve claims management and incident response coordination. By using the platform's operational controls, the company said it expects to streamline incident investigations, claims validation, and remediation planning when security events occur.

Fireblocks' enterprise platform uses a signing model that splits cryptographic control across separate enclaves, allowing internal teams, service providers, and smart contracts to participate in transactions without any single party holding a complete key. BDIC said that model is a key reason Fireblocks is suitable for the insurer's needs.

The Fireblocks platform also supports stablecoin and cross-border payments in more than 100 countries through a network of partners and clients. BDIC said that matters because the company's go-to-market strategy is global, with coverage planned across LatAm, PanAsia, Europe, Africa, Australia, India, and other markets.

BDIC said the collaboration could also allow it to design policy terms that reflect the reduced technical risk profile of Fireblocks-enabled operations, which may affect coverage limits, pricing, and deductible structures.

The company said the alliance is part of a broader effort to improve trust among institutional clients, retail users, counterparties, and regulators as the digital asset industry develops a stronger insurance layer. BDIC's Hong Kong base is notable given the city's efforts to establish itself as a regulated digital asset hub, with the Securities and Futures Commission having implemented a licensing framework for virtual asset service providers. BDIC also pointed to prior statements indicating platform provider onboarding in Q3/Q4 and said additional alliance announcements may follow as the platform rolls out.

About BDIC Insurance

BDIC Insurance is a specialist insurer focused on coverage solutions for digital asset infrastructure, including wallets, exchanges, and enterprise self-custody wallet platforms. Its products address theft, operational loss, and other digital-asset-specific risks through tailored policies and an understanding of cryptographic custody models, exchange operations, and regulatory expectations.

For detailed FAQs on coverage, claims processes, and underwriting criteria, visit www.bdicinsurance.com.

Media Contact

Liam Nguyen
Chief Marketing Officer, BDIC (Blockchain Deposit Insurance Corporation)
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Website: BDICinsurance.com
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Legal and forward-looking statements

This press release contains forward-looking statements regarding the anticipated benefits of the collaboration between BDIC Insurance and Fireblocks. Actual results may differ materially due to a variety of factors, including market adoption rates, regulatory developments, underwriting outcomes, and technology integration challenges. Nothing in this release constitutes a promise or guarantee of insurance coverage; all policies are subject to standard underwriting criteria, policy terms, and exclusions. Prospective customers should consult BDIC's policy documents and speak with an authorized BDIC representative for specific coverage details.

BDIC FAQs and coverage details: www.bdicinsurance.com/faq
Fireblocks technical overview and product pages: www.fireblocks.com/products