“Right now, Fireblocks is the number one and the go-to provider for any institution that is looking to have some exposure to DeFi. Out of our 800 clients, about 200 are actually using our DeFi extensions that connect them to different protocols,” he said. In terms of crypto products, decentralized finance has been an especially hot growth area for the startup, accounting for 10% of Fireblocks’ transaction volume in the past month, according to Shaulov.

At Avaloq, they aim to offer financial organizations the chance to tokenize non-bankable assets like real estate, collectables, or non-regulated funds. They see ‘smart contracts’ and Initial Coin Offerings as an avenue to develop new, innovative products, and we are working hard to enable our clients to trade tokens with connections to exchanges – a native offering within our financial software. For EXMO, Fireblocks is not simply a custody solution – it’s a state-of-the-art security platform that will help our traders safely store and transfer digital assets.

Join the largest institutional players running their businesses with Fireblocks.

Platform-Icon Policy & Workflow Engine Meet regulatory requirements and manage transaction policies from anywhere, at any time. Platform-Icon Security SOC 2 Type II certification, regular pen-tests, and an unprecedented insurance policy.

“Multi-sig solutions should be seen as legacy software. It is unable to support the needs of businesses today that need to interact with cryptocurrencies on blockchains other than Bitcoin,” said Fireblocks CEO, Michael Shaulov. And in February, the bank announced that it had started using Chainalysis compliance software, noting at the time that it was a precursor to an eventual custody service. On behalf of its customers with software developed alongside crypto custody provider Fireblocks. Our award-winning custody application leverages the genius of multi-party computation encryption and can be configured to support cold, warm, and hot wallet solutions. Founded in 2013, Bitcoin Suisse is the Swiss crypto-finance and technology pioneer and market leader.

Expanding our Web3 connectivity with NEAR DeFi and dApps support

Fireblocks began serving crypto-native investment managers and exchanges and has since expanded its customer base to include some of the largest traditional financial institutions and fintech companies in the world. We spoke to nearly 20 institutions, all of whom validated the acute need for better “hot” wallet security to drive increased digital asset adoption and attested to the quality of the Fireblocks product. We are excited to see Fireblocks continue to leverage its best-in-class platform to maintain its crypto dominance and support more traditional institutions as they embrace digital assets for the first time. NEAR Foundation is excited to announce a new partnership with Fireblocks, a leading provider of custody and settlement solutions for digital assets. Fireblocks is trusted by more than 1,300 banks, hedge funds, and financial institutions, and to date has ensured the safe transfer of more than $3 trillion. At Avaloq, they see a clear path towards developing crypto and blockchain technology for financial institutions and their clients.

CTG Issues Private Jet Residence Digital Bond with Fireblocks – EIN News

CTG Issues Private Jet Residence Digital Bond with Fireblocks.

Posted: Mon, 06 Feb 2023 08:00:00 GMT [source]

Maximize your balance sheet, reduce counterparty risk, and unlock new revenue opportunities. Switzerland-based StakeHound is suing Fireblocks for 38,178 ETH staked on Ethereum that has been rendered inaccessible. With the rapid growth in cryptocurrency & bitcoin investment allocations, it seems an apt time to delve into crypto under the family office lens. One of the paradoxes of blockchain and its decentralization is that it depends on a small number of infrastructures. BNY Mellon-backedFireblockshas its Fireblocks Network that links to more than 1,300 liquidity partners. We are a multi-asset servicing specialist committed to helping our clients achieve their ambitions both in terms of investments and cross-border distribution.

BNY Mellon Joins $133 Million In Series C In Bitcoin Custodian Fireblocks

In September 2016 BNP Paribas revealed its securities services division was working on a blockchain platform that would enable retail investors to lend money to businesses via an instrument known as a mini-bond. METACO has established itself as the Tier 1 banking standard, trusted by and in live production with global custodians, exchanges and private and universal banks. No more copy & pasting deposit addresses or re-entering the password for every wallet and exchange.

  • Later in 2012, Coinbase started allowing customers to buy and sell bitcoin via bank transfers.
  • Finoa was founded in Berlin in 2018, has received a preliminary crypto custody license (§64y Para. 1 KWG) and is supervised by the German Federal Financial Supervisory Authority .
  • To get there, we’re working with AlgoTrader technology to connect crypto brokers and exchanges.
  • Move and settle assets 24/7 using the first and only institutional asset transfer network.

Gemini is a next generation fireblocks custody asset exchange and custodian that allows customers to buy, sell, and store digital assets such as bitcoin and ether. Gemini is a New York trust company that is held to the highest level of fiduciary obligations, capital reserve requirements, and banking compliance standards. Gemini was founded in 2014, by brothers Cameron and Tyler Winklevoss, to build a bridge to the future of money. Fireblocks combines MPC-CMP with hardware isolation to create a multi-layer security technology. This eliminates a single point of failure and insulates digital assets from cyber-attacks, internal collusion, and human error.

Its software, and infrastructure solutions enable financial institutions to store, trade, issue and manage digital assets, with the highest possible security and agility. The bank has also recently selected METACO with the intention to integrate the fintech’s bank-grade digital asset custody and orchestration platform into its existing infrastructure. The platform will underpin the bank’s institutional custody offering and unify governance across its multiple systems, allowing institutional clients to store, issue and settle digital securities alongside their traditional assets. The Fireblocks platform supports growing demand from the world’s leading banks and traditional FIs who have turned their attention to digital assets on RSK and other blockchain networks. As the future of digital assets goes beyond bitcoin, the Fireblocks platform is ready to support the next generation of digital asset businesses, including everything from payments and settlement solutions to digital securities, gaming, and NFTs.

Through the Fireblocks Network, institutions can tap into the global crypto markets and instantly send and receive digital assets. Bitstamp, announced today, that its crypto exchange would integrate with SignetTM, Signature Bank’s commercial digital payments platform. The move is another example where crypto exchanges are integrating digital assets services with traditional and regulated financial institutions. METACO’s main product, called Harmonize, is an orchestration system for digital assets. BCB Group is Europe’s leading crypto-dedicated payment services provider, serving some of the industry’s largest clients including Bitstamp, Galaxy and Kraken.

Opinions and estimates contained herein constitute fireblocks custody Securities Services’ judgment and are subject to change without notice. BNP Paribas Securities Services and its subsidiaries shall not be liable for any errors, omissions or opinions contained within this document. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. For the avoidance of doubt, any information contained within this document will not form an agreement between parties. In addition to respecting you, Newsfile is respected as an accredited source of business news—making every story we handle become trusted for retail and institutional investment decisions. settled $1 billion in stablecoin transactions during its initial pilot phase of Payments Engine.


We explore worldwide and regional trends across asset servicing, market infrastructures and digitalisation, and how they’re executed locally. The acquisition came at a time when more retailers were signaling their intent to adopt crypto payment services shortly. A survey of 2,000 senior retail executives in the United States conducted by Deloitte in December 2021 revealed that 75% of respondents were planning to accept both stablecoin and cryptocurrency payments within 24 months. Payments Engine was piloted by payments processor, which settled $1 billion in merchant transactions using the solution.

FIreblocks offers a more complete solution that gives customers direct custody of their assets without adding counterparty risk and inefficiencies from giving up control of assets to a sub-custodian. As America’s oldest bank, BNY Mellon has a 238-year legacy of trust, resilience, and innovation. In this spirit, BNY Mellon formed an enterprise Digital Assets Unit in XRP 2021 to develop solutions for digital asset technology, with plans to launch the industry’s first multi-asset platform that bridges digital and traditional asset custody. The newly launched SDX Web3 Custody service follows a recent partnership with Fireblocks, who agreed to help SDX deliver an institutional custody solution for digital assets by integrating Fireblocks’ MPC-based solution.

Fireblocks’ self-custody and deep integration, DeFi and tokenization roadmap make it a better long term strategic partner. Fireblocks offers more advanced MPC wallet technology that is more secure, flexible and cost effective compared to BitGo’s antiquated multi-sig wallet technology. MPC wallets offer significant scalability advantages compared to multi-sig wallets and greater compatibility with a wide range of blockchain protocols. Because MCP wallets can conduct operations off-chain, they offer significant cost advantages when it comes to Ethereum operations, saving up to 90% compared to multi-sig solutions for Ethereum wallet and transaction management.

Does Fireblocks hold assets?

Fireblocks serves over 800 financial institutions, has secured the transfer of over $2 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit.