Fireblocks Now Supports CANVAS Connect the privacy focused Layer 2, Enabling Confidential and Encrypted Transactions On Ethereum.
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Fireblocks adds support for privacy-focused L2 blockchain, CANVAS Connect, to provide ZK confidentiality on Ethereum.

10th January 2024

Today, Fireblocks and CANVAS announced the integration of privacy-focused ZK Layer 2 blockchain, CANVAS Connect, into the Fireblocks Network, a digital asset transfer network connected to over 1,800 liquidity partners, trading venues and counterparties.

All Fireblocks customers can now benefit from CANVAS Connect’s confidential, instant, and low-cost wallet-to-wallet transactions kept private using StarkWare’s ZK-Rollup cryptography and secured by Ethereum.

This exciting integration with the Fireblocks Network allows participants to transfer, trade and invest any tokenized asset (ERC-20, ERC-721, ERC-1155) to another party with assurances of:

  • Privacy and confidentiality
  • Low cost
  • Instant settlement.

CANVAS Connect ensures transactions by Fireblocks customers are encrypted and all transactions, wallet balances and transaction history are private and confidential. This provides a superior option for financial institutions, as until now, on public blockchains, all transaction data, balances and trade history are public and available to anyone.

Notably, CANVAS Connect delivers regulated privacy and confidentiality, not anonymity. Transactions on CANVAS Connect are available via regulated access to trusted third parties, such as card scheme networks, financial regulators, and external auditors. This regulated access is the same process that operates in the finance industry today.

The integration with the Fireblocks Network - an all-in-one platform for instant settlement, rebalancing, and payments - means that any Fireblocks customer can trade or transfer any digital asset in total privacy, without revealing sensitive transaction information.

“We are excited to support CANVAS as it seeks to improve efficiency, reduce costs and implement new products such as tokenized real world assets, stablecoins and CBDCs for its institutional clients both seamlessly and securely,” said Mr Stephen Richardson, Head of APAC and Managing Director, Financial Markets at Fireblocks. “The integration of CANVAS Connect into the Fireblocks Network - comprising more than 1,800 institutional counterparties including banks and financial institutions - stands to make blockchain more accessible for these institutions by prioritizing privacy, confidentiality and regulatory compliance, all of which are critical components for the institutional adoption of blockchain technology.”

“In traditional finance, client balances, transaction history, and investment strategies are never publicly available, but this is exactly what happens on public blockchains,” said Mr David Lavecky, CEO of Canvas.

“CANVAS Connect L2 blockchain, however, ensures transactions remain private and confidential. This enables financial institutions to prioritize safeguarding their clients' sensitive financial information and maintain trust in the financial system.”


  • Compliant Privacy: Utilizing zero-knowledge proofs to protect the privacy of users' transactions so that only the parties directly involved in the transaction can see the amount or type of assets being transferred - privacy not anonymity.
  • Security: CANVAS Connect incorporates ZK cryptography from Starkware, which is the most tested ZK technology with over $1 trillion traded.
  • Built-in compliance and audit features - the L2 offers data access for both regulators and compliance teams to adhere to legal obligations.
  • Confidential Wallet Balance: have confidence in being able to receive assetsdirectly into your Connect Link wallet without exposing your asset balances to the party transferring the assets (just like when using your Bank account)
  • Flexible Fee Payment: Connect does not require any network gas tokens, fees are payable in the native token transferred (e.g. USDC) or via a post-paid option for enterprise users.
  • Convenience: easily transfer between Fireblocks and/or CANVAS Connect users to benefit from the features of both platforms.
  • Fireblocks controls: multiparty approval, velocity limits, asset control, and new destination wallet approvals (whitelisting) are all applied to CANVAS Connect.
  • High Speed: 10,000 TPS - faster transactions.
  • Low Cost: Very cost-effective transaction fees that meet the needs of banks, governments and corporates.
  • Legacy Support: Seamlessly integrates with existing back and middle office systems.
  • Compliance Checks: Built-in mechanisms for ensuring transactions meet regulatory standards.


  • Private and confidential transactions.
  • Extremely fast transaction times.
  • No need to update existing systems, works natively through the Fireblocks Network.
  • Secure verifiable transaction record using ZK proofs and cryptography.
  • Cost-efficient - Leveraging existing Financial Infrastructure removes the need for new investments, reducing overhead costs.

About Canvas

Canvas is a global fintech at the forefront of digitizing finance and capital markets, using blockchain to accelerate the efficiency and reduce the costs of global financial transactions.

By leveraging emerging technologies like Zero Knowledge Proofs and Layer 2 networks, Canvas is able to provide the critical infrastructure needed by governments, financial institutions and corporates as they begin to adopt Digital Assets & trade digital securities in the Digital Economy. CANVAS ensures secure and efficient digital asset transfer, trade, and investment, emphasizing privacy, confidentiality and low fixed-cost transactions.

Canvas has successfully participated in groundbreaking initiatives like the eAUD Central Bank Digital Currency (CBDC) Pilot with the Reserve Bank of Australia and Digital Finance CRC, marking their dedication to pioneering financial solutions. In this pilot, Canvas achieved an historic milestone by executing Australia's first foreign exchange transaction using CBDCs (eAUD to USDC).

About Fireblocks

Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of financial institutions, has secured the transfer of over $4 trillion in digital assets, and has a unique insurance policy that covers assets in storage and transit. Some of the biggest trading desks have switched to Fireblocks because it's the only solution that CISOs and Ops Teams both love. For more information, please visit

For further information contact:

Amanda Lavecky
Communications Manager

Sharmin Cheema
Senior Communications Manager, APAC & EMEA

Learn more about the CANVAS here