Hong Kong (PinionNewswire) — 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, has announced a strategic operational collaboration with Fireblocks, the enterprise platform that secures more than $14 trillion in digital asset transactions. The agreement enables BDIC Insurance to integrate Fireblocks' secure custody, payments, and tokenization technologies into its underwriting and risk-assessment workflows, delivering stronger security assurances for institutional clients and driving broader adoption of insured crypto assets and services.

The partnership comes amid growing institutional demand for crypto insurance, driven in part by high-profile industry failures — including the 2022 collapse of FTX and a series of multi-hundred-million-dollar bridge and exchange hacks — that underscored the coverage gap facing digital asset custodians. For regulated banks and fintechs, the need has become more acute as jurisdictions such as Hong Kong, the EU under MiCA, and the United States through evolving federal guidance have moved to clarify custody and operational requirements, often expecting demonstrable risk-management controls.

The alliance pairs BDIC Insurance's cryptocurrency coverage solutions for wallets, exchanges, and enterprise self-custody platforms with Fireblocks' infrastructure — an industry standard for banks, fintechs, payment processors, and institutions running digital asset custody. By leveraging Fireblocks' patented Multi-Party Computation (MPC) custody, tokenization tooling, and global payments rails, BDIC Insurance enhances its ability to evaluate, insure, and support clients using modern, resilient 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 & 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."

When asked about the key benefits of the collaboration, BDIC representatives highlighted enhanced underwriting confidence as the primary advantage. BDIC Insurance will incorporate Fireblocks' MPC-based custody architecture, operational controls, and auditability features into its risk-assessment framework. According to BDIC, this enables more precise underwriting, tailored policy terms, and faster coverage issuance for institutional partners.

Allen Sautter, CIO & CISO of BDIC, addressed the security and risk control implications: "By recognizing Fireblocks' patented MPC approach, BDIC Insurance can better quantify and mitigate cryptographic key compromise risk." He noted that this aspect is a critical driver of premium-setting and policy scope for wallets, exchanges, and enterprise self-custody wallet platforms.

"Security and operational excellence are non-negotiable for institutions that custody or move digital assets," Sautter continued. "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."

The partnership also focuses on strengthening claims management and incident response alignment. By integrating Fireblocks' operational controls, BDIC Insurance expects to streamline incident investigations, claims validation, and remediation planning when security events occur.

Fireblocks is widely used across financial services to secure digital asset operations, and its enterprise platform addresses multiple institutional needs. Beyond custody, the platform's core value lies in its signing model — Fireblocks splits cryptographic control across separate enclaves, enabling internal teams, service providers, and smart contracts to participate in a transaction without any single party ever holding a complete key.

The Fireblocks platform supports stablecoin and cross-border payments in more than 100 countries through a network of partners and clients. While BDIC serves clients in the US, its go-to-market strategy is global, providing coverage in LatAm, PanAsia, Europe, Africa, Australia, India, and beyond — making this collaboration equally important for international execution.

On the business-metric implications for exchanges, custodians, banks, fintechs, and enterprise self-custody wallet platforms, BDIC indicated it will be able to design policy terms that reflect the reduced technical risk profile of Fireblocks-enabled operations, potentially improving coverage limits, pricing, and deductible structures.

BDIC also emphasized the broader implications for global crypto adoption, highlighting the need for greater education and awareness around cryptocurrency utility. The company envisions that financial institutions, exchanges, custodians, and enterprise self-custody wallet providers will be able to market that their services are powered by enterprise-grade infrastructure via Fireblocks and backed by tailored BDIC Insurance coverage.

BDIC believes that improving trust among institutional clients, retail users, counterparties, and regulators is critical as the industry gains what the company describes as the missing layer of insurance in crypto adoption.

Regarding next steps, prior announcements indicated platform provider onboarding in Q3/Q4, with the company's BDIC utility coin launch coinciding with that timeline. BDIC representatives indicated that additional news about industry alliances and collaborations is expected as the company officially rolls out its platform.

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

For detailed FAQs on coverage, claims processes, and underwriting criteria, visit www.bdicinsurance.com. Fireblocks technical overview and product pages are available at www.fireblocks.com/products.

Media Contacts:

BDIC Insurance — Liam Nguyen, Chief Marketing Officer, BDIC (Blockchain Deposit Insurance Corporation)

Email: [email protected]

Website: BDICinsurance.com

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Fireblocks — Email: [email protected]

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 but not limited to 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.