Fortanix Launches Industry’s First Web 3.0 Era Solutions Based on Confidential Computing to Secure Sensitive Digital Assets and Blockchain Infrastructure

New suite built on Fortanix Data Security Manager takes a 360-degree platform approach and FIPS 140-2 Level 3 certification to deliver unprecedented digital security for decentralized finance

MOUNTAIN VIEW, California, June 2, 2022–(COMMERCIAL WIRE)–Fortanix® Inc., the pioneering multi-cloud data security company and leader in confidential computing, today announced the launch of a new suite of Secure Web 3.0 infrastructure solutions that are built on Fortanix Data Security Manager™ and designed specifically for blockchain, cryptocurrency and finance businesses. decentralized. The new offering dramatically improves the security of business-to-consumer (B2C) wallets and the integrity of blockchain implementations by harnessing the power of Confidential Computing.

Users of blockchain services are increasingly demanding non-custodial wallets to enable the management of their digital assets, giving them sole custody of the private keys they need to control blockchain transactions. At the same time, proof-of-stake blockchains need to be protected from “nothing at stake” attacks, which create fraudulent forks in the blockchain. Fortanix’s revolutionary Secure Web 3.0 infrastructure solutions address both of these pain points for blockchain operators and blockchain users while supporting compliance with existing and emerging regulatory requirements for digital asset businesses. The release of these new tools provides unmatched security through its integration within Fortanix Data Security Manager, which protects cryptographic operations with Confidential Computing and up to Federal Information Processing Standard (FIPS) 140-2 Level 3 certification.

For the first time, blockchain infrastructure can be protected with a single FIPS-certified solution that implements Confidential Computing technology to protect the user authentication process, ensure full control of private keys by owners of assets and provide high availability and disaster recovery for digital assets. business Fortanix Data Security Manager now defines the new standard for blockchain and decentralized application security and ensures Fortanix customers are ready to deliver decentralized services securely in the emerging era of Web 3.0.

“With the growth of decentralized applications relying on blockchain technology and the transition to a Web 3.0 information domain, blockchain services need a convenient way for their users to store digital assets while , ensure that wallet providers cannot steal these digital artifacts due to misconfigurations or malicious actors attacking the back-end wallet implementation,” said Richard Searle, vice president of confidential computing at Fortanix. “Our Secure Web 3.0 infrastructure solutions are a shining example of how our industry-leading confidential computing capabilities can be applied to improve experiences for both consumers and businesses when security is of the utmost importance. By adopting these new solutions , Fortanix customers can manage to meet regulatory requirements and provide greater security to their end users.”

“We see the rise of Web 3.0 creating a paradigm shift in the industry, creating new challenges to protect digital assets and demanding innovative new solutions from financial institutions that leverage blockchain technology,” said Jason Davidson, Vice President of Engineering at Figure. “We welcome the opportunity to partner with Fortanix by leveraging the new solutions they are introducing to address this market, helping us accelerate the transformation of the trillion-dollar financial services industry.”

Double protection for decentralized finance

Coinciding with the RSA Conference 2022 In San Francisco, the launch of Fortanix Secure Web 3.0 Infrastructure solutions features two distinct solutions, each with unique features and benefits for its users: Non-custodial Fortanix Warm Wallet Y Fortanix Ignite Sole Signer.

Fortanix Secure Web 3.0 infrastructure solutions are now available as part of the Fortanix Data Security Manager product, which can be deployed on-premises, in the cloud, or consumed via a software-as-a-service (SaaS) model, with up to FIPS Certification 140-2 Level 3.

Additional Resources

For additional information:

  • Read the blog post “Ignite Application Protection with Fortanix DSM and TMKMS”.

  • Download solution briefs for the Non-custodial Fortanix Warm Wallet and the Fortanix Ignite Sole Signer.

  • Fortanix will host a panel discussion on cybersecurity thought leadership on June 8the2022 at 6:30 pm on the topic “Securing Identity and Digital Assets with Confidential Computing.” Panelists will include Carole House, director of the White House National Security Council; Kay Turner, Senior Digital Identity Advisor, FinCEN; Raghu Nambiar, Corporate Vice President of AMD; Ambuj Kumar, CEO of Fortanix and Greg Woolf, CEO of Fiverity. The panel will be hosted by Shashi Kiran, CMO, Fortanix at Foundation Capital’s San Francisco offices. Record here.

About Fortanix:

Fortanix is ​​the first data security company, protecting data wherever it lives. As the industry’s first and largest provider of confidential computing solutions, Fortanix decouples data security from infrastructure. Fortanix solutions empower organizations with centralized controls to protect distributed data across clouds, applications, SaaS, databases, and data centers. Companies around the world, especially in privacy-sensitive industries such as healthcare, financial technology, financial services, government, and retail, trust Fortanix for data security and privacy. Investors in Fortanix include Intel Capital, Foundation Capital, Neotribe Ventures, and In-Q-Tel. Fortanix is ​​headquartered in Mountain View, CA. For more information visit https://fortanix.com/.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20220602005113/en/

contacts

Sammy Totah, BOCA Communications for Fortanix
fortanix@bocacommunications.com

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