Fireblocks EU Data Residency & Sovereignty for Banks
Fireblocks has launched an EU-exclusive SaaS environment for banks, ensuring data residency across four European data centres to meet regulatory and sovereignty requirements.
Fireblocks has deployed its EU SaaS environment exclusively within the EU, utilizing data centres in four separate countries to ensure data residency and operational resilience. This setup prevents disruption from a single point of failure while complying with EU data protection laws. Limited data may be processed in the US as part of global support, subject to Standard Contractual Clauses and EU safeguards. The architecture reinforces independence from external regulatory actions, addressing concerns raised by European financial institutions during due diligence reviews.
Customers using Fireblocks MPC retain sole signing authority for digital asset transactions, with private key shares generated, stored, and used exclusively within their own hardware boundaries. Fireblocks does not hold, generate, or access full private key material, meaning it cannot initiate, authorize, redirect, or tamper with transactions. For clients opting for HSM-based deployment, they operate their own infrastructure as the sole signing authority, ensuring the same technical limitations apply to Fireblocks regardless of deployment model.
Transaction authorization policies are enforced within hardware enclaves and configured via the Fireblocks Policy Engine, requiring multi-factor authentication from designated admin quorums for any changes. Wallet addresses and on-chain balances remain on the relevant blockchain and are not controlled by Fireblocks. Clients retain reconstructable copies of their private keys from onboarding, enabling independent access to assets and migration to external platforms without Fireblocks’ involvement or continued operation.
Fireblocks maintains an ISO 22301-certified Business Continuity Plan and Disaster Recovery programme, reviewed annually and validated through SOC 1 Type 2 audits with no exceptions noted. The company employs around 900 professionals across three operational hubs, ensuring no single geographic disruption affects platform operations. Exit assistance and transition support are detailed in the Master Service Agreement, with additional contractual protections for EU-regulated clients under MiCA, DORA, and MiFID obligations.