What is Fireblocks?

Fireblocks Ltd is an Israeli company with various subsidiaries around the world (together, "Fireblocks"). Fireblocks provides an enterprise-grade SOC 2 Type. II certified platform to facilitate the self-custodial storage and transfer of crypto assets by financial institutions (the "Platform" provided to customers as a software-as-a-service offering).

The Fireblocks Platform enables customers to create secure environments known as "vaults" for the holding of crypto assets.

Within these vaults, a customer is able to designate "sub-vaults" to segregate their crypto asset holdings.

These sub-vaults function as crypto asset wallets.

The customer can also transfer crypto assets out of the vault to any specified location.

The Platform allows customers to streamline the management of their crypto asset holdings with third-party exchanges, over-the-counter dealers, counterparties, and traditional "control" custodians by 1 making these holdings visible to the customer and allowing their secure administration within a single software environment.

Fireblocks has secured over $45B in digital assets under custody, $4T+ transactions and have more than 170M wallets created. As well, there are currently more than 1,800+ institutions using Fireblocks.

Fireblocks facilitate the self-custodial storage of crypto assets by institutions.

Fireblocks does not hold crypto assets or safeguard private keys for its customers. Customers instead use the Platform technology as Infrastructure that enables them to:

• Manage the storage and transfer of their own holdings of crypto assets;

• Utilize crypto asset services from third parties with whom they have independently established account holder and/or counterparty relationships; and

• Support the provisions of the same or similar-services to their own customers.

Accordingly, crypto assets in the vault are at all times held by and controlled by the Fireblocks customer.

The transfer of crypto assets is initiated by the customer and always registered as occurring on the relevant blockchain (i.e., never on a ledger maintained by Fireblocks on the Platform on behalf of its customers).

Authentify It therefore uses the Fireblocks infrastructure and Platform to manage its users' digital assets. In order to reach the general public, Authentify It has chosen to offer a simple solution, where users do not have to manage their wallet themselves. We call it custodial management. This notion is explained in the "Wallet Management" section.