Indian crypto exchange WazirX has integrated Fireblocks into its operations to strengthen how customer crypto assets are secured.
The integration brings Fireblocks’ infrastructure into WazirX’s custody setup, giving the exchange access to tools for digital asset custody, settlement and trading operations, including support for stablecoin payments.
WazirX said the move will help it scale faster, operate more securely and expand its blockchain support.
Fireblocks provides wallet infrastructure based on multi-party computation, which is designed to remove single points of compromise and strengthen protection for assets held on the platform.
WazirX said it will also apply stricter transaction policies and governance controls, alongside real-time monitoring, to reduce unauthorised or anomalous activity.
The move comes after a July 2024 cyberattack in which WazirX lost about US$235 million following a breach of a multi-signature wallet.
The incident was later linked to a North Korean hacking group.
Nischal Shetty, Founder of WazirX, said,
“Security and asset safety remain a top priority at WazirX.
We are continuously reviewing and strengthening our systems to reduce risk and improve resilience as the platform evolves.”
Fireblocks provides digital asset infrastructure to more than 2,400 institutions and has reportedly handled transactions worth over US$10 trillion.
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