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Fireblocks — The Institutional Digital Asset Network
Fireblocks serves 1,800+ institutional clients including BNY Mellon and Revolut as the digital asset transfer network and MPC infrastructure layer, valued at $8B+ after its 2022 Series E.
encyclopedia
SAB 121 — Staff Accounting Bulletin on Crypto Custody
SEC Staff Accounting Bulletin 121 (March 2022) required entities holding crypto in custody to recognize both an asset and an equivalent liability on their balance sheet, effectively doubling the capital cost of bank crypto custody — a burden reversed by SEC leadership in January 2025.