Partnership with Leading Custody Provider to Enhance Asset Security
Strengthening our custody infrastructure with Fireblocks
PawnDesk is proud to announce an expanded partnership with Fireblocks, the industry-leading digital asset custody and transfer platform. This deepened collaboration brings significant upgrades to the security infrastructure that protects our clients' collateral throughout the loan lifecycle.
As the volume and value of assets under our management continue to grow, ensuring best-in-class custody is not just a priority — it is a foundational requirement. This partnership reinforces our commitment to providing institutional-grade security for every client, regardless of loan size.
Enhanced MPC security
At the core of this upgrade is an enhanced implementation of Multi-Party Computation (MPC) technology. MPC eliminates the single point of failure associated with traditional private key storage by distributing key shares across multiple independent parties. No single entity — including PawnDesk — ever has access to a complete private key.
The new implementation introduces additional MPC key share holders and geographic distribution of signing nodes, further reducing the risk of unauthorized access. Transaction signing now requires consensus across multiple secure environments, each protected by hardware-level security modules.
New insurance coverage
As part of this expanded partnership, all custodied assets on PawnDesk now benefit from an enhanced insurance policy underwritten by a consortium of leading digital asset insurers. The policy covers theft, internal fraud, and certain categories of operational errors, providing an additional layer of protection beyond the technical security infrastructure.
Coverage limits have been increased to reflect the growing value of assets under management, and detailed policy terms are available to clients upon request through their account manager.
Segregated wallet upgrades
Every PawnDesk client's collateral is held in individually segregated wallets — a practice we have maintained since launch. With this upgrade, the segregation architecture has been further enhanced with per-client policy engines that enforce custom withdrawal rules, whitelisted destination addresses, and time-locked transaction approvals.
These improvements mean that even in the unlikely event of a security breach at any single layer, multiple independent safeguards would need to be compromised simultaneously before any assets could be moved.
What this means for borrowers
For our clients, these upgrades translate to greater peace of mind. Your collateral is protected by the same custody infrastructure trusted by the world's largest exchanges, funds, and financial institutions. The enhanced MPC implementation, expanded insurance coverage, and upgraded wallet segregation collectively represent one of the most robust custody setups available in the crypto-backed lending space.
No action is required from existing clients — all upgrades have been applied automatically to both new and existing custody arrangements. If you have questions about the enhanced security measures, our team is available to provide a detailed walkthrough.
