Fireblocks , an institutional infrastructure enterprise platform for managing digital asset operations and building innovative blockchain businesses, expands its MPC-CMP wallet infrastructure and key management to include support for HSMs and public and private cloud. These flexible deployment models allow banks and financial institutions to benefit from the security and technology of the global leader in the field, to rapidly bring their digital asset initiatives into production while meeting risk, compliance and regulatory requirements.
Over the past three years, Fireblocks has successfully brought over 50 banks into the digital asset space and has worked with some of the most well-known banks and financial institutions at the forefront of the industry, including BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO , BTG Pactual, Tel Aviv Stock Exchange and SIX Digital Exchange. These institutions engaged Fireblocks to build their own digital asset custody, trading, clearing and settlement services, tokenization of financial products such as tokenized fiat currency, central bank digital currencies (CBDC), carbon credits and more.
“As the financial ecosystem evolves, we are focused on enhancing our core capabilities by exploring digital technologies and processes, including blockchain,” said Sarthak Pattanaik , CIO, Digital Assets, Treasury Services, Settlement and Collateral Management at BNY Mellon . “We are excited to continue our collaboration with Fireblocks and benefit from their best-of-breed services that underpin our ongoing efforts to meet the needs of our institutional clients.”
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“From the beginning, the Fireblocks platform was created and designed with business in mind. We understand bank risk requirements at an architectural level and strategically develop components to ensure our customers can move from proof of concept to production in the shortest possible time” , said Michael Shaulov , co-founder and CEO of Fireblocks .
The foundation of the ecosystem is the Fireblocks Network, which connects the largest consortium of regulated financial institutions that have implemented digital assets on the blockchain. Connectivity to the Fireblocks Network allows companies to execute their business strategies almost immediately, putting them in touch with exchanges, market makers and other distribution partners such as private banks or fintech platforms. Fireblocks’ APIs also allow for direct integration with the world’s leading banking systems, including Temenos, Avaloq and FIS, further expanding the ecosystem’s reach.
Additionally, the platform’s tokenization capabilities support end-to-end lifecycle management for tokenized assets, including smart contract management, issuance, distribution, and custody across public, private, and permissioned blockchains. This gives banks full control over their digital assets as they engage with their counterparties. Finally, Fireblocks‘ powerful Policy Engine governs workflows in the Fireblocks console, giving owners full control to protect actions against internal collusion, human error, and external attacks.
SOURCE: PRNewswire