According to a recent LinkedIn post from Fireblocks, the company’s technology is being used by Banxa to support large-scale fiat-to-crypto transaction flows across more than 200 countries. The post highlights that Banxa previously faced lengthy fulfillment times of up to two days for orders transacted over Polygon, Ethereum, and Tron, and sought multi-chain infrastructure capable of handling higher throughput.
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The LinkedIn post suggests that Fireblocks’ infrastructure has enabled Banxa to process over 479,000 transactions with a reported 99.1% success rate on outgoing transfers. It also notes claimed cost efficiencies, including “millions” saved on gas fees via direct settlement and transaction batching, and support for nearly 300 tokens across EVM-compatible chains.
A quote attributed to Banxa’s COO, Sean Moynihan, characterizes Fireblocks as a core operational backbone, emphasizing security and scalability as key benefits. For investors, this reference may indicate Fireblocks’ deep integration into a major fiat-to-crypto on-ramp provider, underscoring the company’s positioning in high-volume digital asset infrastructure.
If representative of broader client usage, the metrics cited in the post could imply recurring, transaction-driven revenue potential and increased switching costs for customers relying on Fireblocks for mission-critical operations. The focus on multi-chain support and gas-fee optimization also points to competitive differentiation in efficiency and scalability, factors that may strengthen Fireblocks’ standing in the institutional and enterprise crypto infrastructure market.