According to a recent LinkedIn post from Fireblocks, The Kingdom Bank is using the platform to support what is described as institutional-grade digital asset operations at around €10 billion in deposits. The post highlights that The Kingdom Bank has unified custody, treasury, and connections to more than 10 liquidity providers through Fireblocks.
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The post suggests operational metrics including a 50% improvement in settlement success rates and reconciliation time, alongside no reported material key-management loss events. A quoted comment from Efe Gonendir indicates that previously fragmented, ad-hoc processes have been replaced with a governed and auditable framework.
For investors, this client example points to Fireblocks’ traction in regulated digital banking and its positioning as core infrastructure for institutions managing large digital asset balances. If such performance improvements are representative across its client base, this could support stronger client retention, higher switching costs, and an expanding role in institutional crypto and digital asset markets.
The reference to €10 billion in deposits also underscores the scale of balances being managed on or through Fireblocks-powered operations, which may be relevant for assessing the platform’s addressable revenue opportunities. More broadly, successful deployments with regulated banks could enhance Fireblocks’ credibility with traditional financial institutions and potentially accelerate adoption in jurisdictions tightening risk and compliance standards for digital assets.