Toobit announces integration with Fireblocks 07 November 2025Cayman Islands Reporter: Matthew Challis
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Cryptocurrency exchange Toobit has announced its integration with Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, in a bid to fortify the Toobit platform with Fireblocks' Multi-Party Computation (MPC) technology.
The aforementioned technology distributes the private keys into multiple independent shares, never stored in a single location, which is said to effectively eliminate the risk of a single point of failure from both internal and external threats.
Mike Williams, chief communication officer at Toobit, says: “We are thrilled to integrate with Fireblocks to elevate our platform’s security to its highest level yet.”
Toobit says the integration is a step towards its long-term commitment to asset protection, which builds upon its previous adoption of institutional MPC security solutions, including its partnership with Cobo, a custody and wallet infrastructure provider.
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Image: Suriyo/stock.adobe.com 