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Turnkey vs Privy

Security

Security is the defining factor in how wallet infrastructure behaves under real-world conditions. It determines where keys live, how actions are authorized, and what guarantees exist when something goes wrong. This section looks at the security models behind Turnkey and Fireblocks, and how those models affect control, trust, and long-term risk.

Choosing between Turnkey and Fireblocks | security

When Turnkey is a better fit

Turnkey is built for teams that want security enforced at the infrastructure layer. It offers:

  • Key generation and signing confined to hardware-backed enclaves
  • Verifiable execution that proves code and policy integrity
  • Policy-driven authorization evaluated at the moment of signing
  • Granular permissioning without exposing private material
  • Full ownership of key lifecycle decisions

Turnkey assumes that security should be explicit and inspectable. Instead of inheriting preset assumptions, teams define their own trust model and enforce it consistently across every signing operation, with cryptographic evidence to back it up.

When Fireblocks might work

Fireblocks is designed for teams that prefer managed security with minimal surface area. It provides:

  • Wallets secured through integrated identity and recovery flows
  • Platform-defined safeguards that reduce configuration overhead
  • A simplistic model that abstracts away most key management concerns

Fireblocks prioritizes safety through opinionated defaults. This reduces complexity for developers, but also limits how deeply teams can customize or verify the underlying security mechanics as requirements evolve.</p>

Turnkey vs Privy: Quick Compare

Security Dimension Turnkey Fireblocks
Secure Enclave Usage Keys are generated, stored, and used entirely inside AWS Nitro Enclaves for keygen, storage, and signing Customer-hosted API Co-signer runs inside Intel SGX, AWS Nitro, or Google Cloud Confidential Spaces enclaves, protecting MPC key shares.
Key Custody Model Private keys never leave the enclave and are never reconstructed externally Non-Custodial Wallets use MPC-based key management with MPC_ECDSA_SECP256K1 and MPC_EDDSA_ED25519 algorithms.
End-to-End Reproducibility Full reproducible builds with full-source bootstrap guarantees (Not covered in public documentation)
Remote Attestation Remote attestation proves the exact code and configuration running in the enclave SGX Co-signer attests against a Fireblocks-operated Remote Attestation server to retrieve its database encryption key.
Policy Enforcement Location Policies are enforced inside the enclave at signing time Screening policy configuration is handled through the platform API; a customer-hosted callback handler sits in the signing path.
Policy Scope Full organizational policy engine covering signing, delegation, hierarchy, permissions, and multi-chain behavior Screening policy configuration is retrieved and updated through the platform API.
Trust Anchor Security is based on cryptographic proof of enclave execution and reproducible code (Not covered in public documentation)
Attack Surface Single, hardware-isolated trust boundary with minimal external dependencies MPC key shares, customer-hosted Co-signer, Callback Handler, and external monitoring stack across trust boundaries.
Auditability Verifiable execution and policy-aligned audit logs Workspace-level audit logs queryable via API for external SIEM and compliance tooling.
Security Philosophy Infrastructure-first, verifiable, policy-driven security model Policy and approval workflows are configured through the platform API, with signing performed by a customer-hosted co-signer.

How does Turnkey and Fireblocks work for different builder’s needs?

Turnkey and Fireblocks both offer developer tools for building with wallets, but they serve different needs. Depending on what you're building, one may offer the speed or control you're looking for. Here's how they feel from the perspective of different builders.

Fintech builders need secure, compliant infrastructure that supports modern auth methods, policy-based controls, and fast developer integration. Turnkey and Fireblocks meet different needs across payments, embedded wallets, and crypto-financial apps.

Fintech Developers

Accelerate development with programmable wallets, passkeys, and bank-grade security APIs.

Highlights: SSO/MFA • Quotas • API-first

Explore Hub: Docs • Case Study • API Ref

Fintech Founders

Launch faster with compliant, secure infrastructure tailored for modern financial apps.

‍Highlights: SOC 2 • Region-aware infra • Recovery flows

‍Explore Hub: Docs • Case Study • API Ref

Payments Developer

Integrate programmable wallets into your payments stack with role-based controls and global reach.

Highlights: Role-based access • Quotas • Multi-region

Explore Hub: Docs • Case Study • API Ref

Payments Product Managers

Control who can initiate, approve, and recover funds in payment flows — with full audit support.

Highlights: Approvals • Recovery flows • Logs

Explore Hub: Docs • Case Study • API Ref

Crypto Consumer App Founder

Deliver secure onboarding and wallet flows with passkeys, MFA, and full policy control.

Highlights: Passkeys • Policy engine • Audit logs

Explore Hub: Docs • Case Study • API Ref

DeFi teams build at the edge of innovation, where programmable signing, smart contract hooks, and multichain support are critical. Turnkey and Fireblocks offer different approaches to execution, agent compatibility, and onboarding flexibility.

DeFi Developers

Ship faster with secure, programmable wallets that integrate seamlessly with DeFi protocols.

Highlights: Smart contract hooks • Chain support • SDKs

Explore Hub: Docs • Case Study • API Ref

DeFi Founders

Launch with confidence using scalable infrastructure, battle-tested security, and built-in compliance.

Highlights: Audit logs • Policy engine • Multichain

‍Explore Hub: Docs • Case Study • API Ref

Trading Developer

Build fast, secure trading systems with programmable keys, latency insights, and flexible APIs.

Highlights: Low-latency signing • SDKs • Policy guardrails

Explore Hub: Docs • Case Study • API Ref

Trading Founder

Protect assets, scale operations, and automate high-frequency trading flows — securely.

Highlights: Attestations • Policy enforcement • Observability

Explore Hub: Docs • Case Study • API Ref

Crypto Consumer App Developer

Create secure, easy-to-use wallets that abstract crypto complexity and maximize user retention.

Highlights: Key recovery • Chain abstraction • Policy engine

Explore Hub: Docs • Case Study • API Ref

Web3 Consumer App Founder

Launch faster with embedded wallets, fiat support, and battle-tested infra built for scale.

Highlights: Onramps • Delegated signing • SLA support

Explore Hub: Docs • Case Study • API Ref

Engineers want infrastructure they can program against, not just plug-and-play widgets. Whether you're building for Web3, agents, or wallets-as-a-service, Turnkey and Fireblocks offer contrasting models for security, extensibility, and control.

Computer Engineers

Low-level control and composability with secure enclaves, policy enforcement, and open SDKs.

Highlights: Secure enclaves • Signing policies • CLI tools

Explore Hub: Docs • Case Study • API Ref

Computer Engineering Leadership

Security, control, and observability that satisfy both infosec and shipping goals.

Highlights: Policy engine • Admin controls • SLA-backed infra

‍Explore Hub: Docs • Case Study • API Ref

Web3 Platform Developer

Provide wallets, keys, and permissions to your users with full API control and UX flexibility.

Highlights: Embedded wallets • Delegation • Recovery

Explore Hub: Docs • Case Study • API Ref

Web3 Consumer App Developer

Integrate passkey wallets, fiat onramps, and chain abstraction to onboard users with ease.

Highlights: Passkeys • Onramps • Multi-chain

Explore Hub: Docs • Case Study • API Ref

Crypto Consumer App Developer

Create secure, easy-to-use wallets that abstract crypto complexity and maximize user retention.

Highlights: Key recovery • Chain abstraction • Policy engine

Explore Hub: Docs • Case Study • API Ref

AI Agent Developer

Build agents that sign, swap, and transact safely using programmable policies and real-time context.

Highlights: EIP-712 support • Session tokens • Risk controls

Explore Hub: Docs • Case Study • API Ref

Agentic Developer

Infrastructure designed for autonomous actors — with approvals, limits, and auditability baked in.

Highlights: Autonomous ops • Approval rules • Audit trails

Explore Hub: Docs • Case Study • API Ref

DeFi teams build at the edge of innovation, where programmable signing, smart contract hooks, and multichain support are critical. Turnkey and Fireblocks offer different approaches to execution, agent compatibility, and onboarding flexibility.

Product Managers

Build with confidence: audit trails, approvals, and user flows you can configure without engineering.

Highlights: No-code policies • Audit logs • Roles

Explore Hub: Docs • Case Study • API Ref

Payments Product Managers

Control who can initiate, approve, and recover funds in payment flows — with full audit support.

Highlights: Approvals • Recovery flows • Logs

‍Explore Hub: Docs • Case Study • API Ref

Web3 Consumer App Founder

Launch faster with embedded wallets, fiat support, and battle-tested infra built for scale.

Highlights: Onramps • Delegated signing • SLA support

Explore Hub: Docs • Case Study • API Ref

Crypto Consumer App Founder

Deliver secure onboarding and wallet flows with passkeys, MFA, and full policy control.

Highlights: Passkeys • Policy engine • Audit logs

Explore Hub: Docs • Case Study • API Ref

FAQs

How do Turnkey and Fireblocks each use secure enclaves to protect private keys?

Turnkey generates, stores, and uses keys entirely inside AWS Nitro Enclaves, so private keys never leave the enclave and are never reconstructed externally. Fireblocks runs a customer-hosted API Co-signer inside Intel SGX, AWS Nitro, or Google Cloud Confidential Spaces enclaves to protect MPC key shares, with key shares split across parties using MPC-based key management.
Explore Compliance

Where are security policies enforced in Turnkey compared to Fireblocks?

Turnkey enforces policies inside the enclave at signing time, covering signing, delegation, hierarchy, permissions, and multi-chain behavior through a full organizational policy engine. Fireblocks manages and enforces policies at the platform API layer, including AML and Travel Rule screening policy configuration for compliance workflows.
Explore Flexibility

How do remote attestation and auditability differ between Turnkey and Fireblocks?

Turnkey uses remote attestation to prove the exact code and configuration running in its enclave and provides verifiable execution with policy-aligned audit logs. Fireblocks uses its SGX Co-signer to attest against a Fireblocks-operated Remote Attestation server to retrieve its database encryption key and offers workspace-level audit logs queryable via API for external SIEM and compliance tooling.
Explore User Management

How do the attack surfaces and overall security philosophies of Turnkey and Fireblocks compare?

Turnkey operates within a single, hardware-isolated trust boundary with minimal external dependencies and follows an infrastructure-first, verifiable, policy-driven security model. Fireblocks distributes its security across MPC key shares, a customer-hosted Co-signer, a Callback Handler, and an external monitoring stack spanning multiple trust boundaries, with policy and approval enforcement handled at the platform API layer.
Explore Product Philosophy

Choosing the right stack

Whether you're building a DeFi protocol, a fintech app, or an agent-powered platform, the right wallet infrastructure depends on your goals. Turnkey offers granular control, security, and scale for teams that need infrastructure-grade reliability. Choose what fits today and what won’t limit you tomorrow.

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