Cryptocurrency exchange Toobit has integrated with enterprise platform Fireblocks to offer more secure digital asset custody, settlement, trading operations, and stablecoin payments.
With the integration, Toobit will use Fireblocks’ Multi-Party Computation (MPC) protocol and infrastructure to secure its core digital asset custody environment. MPC works by dividing private keys into multiple shares that are never stored in a single location so that the risk of a single point of failure, whether from internal or external threats, is mitigated.
Toobit believes that “the need for institutional-grade wallet security is more urgent than ever”, claiming in its press release a figure of “over US$2.17 billion” for crypto theft in the first half of 2025.
The firm further states that because MPC is designed for speed, another benefit of the integration is faster and more reliable processing for user deposits and withdrawals.
