FireblogsRead about the latest industry trends, platform updates, research, and insights from our experts. Careers Hiring Join our team of experts and grow your career at the industry’s hottest tech company. Exchanges Drive trading volume without sacrificing security or operational efficiency. Platform-Icon Payments Launch new merchant services with the newest payment suite from Fireblocks.

The SDX Web3 Custody service includes key storage, transfer execution and monitoring with banking-grade compliance standards, automated reporting and blockchain management. Initially the service comprises two key cryptocurrencies, BTC and ETH, and based on client demand, will plan to expand into further protocols and other crypto tokens such as stable coins, asset and DEFI tokens. Meanwhile, a 2022 study of merchants with an annual income of at least $1 billion revealed that the vast majority of businesses were already pivoting to digital assets. The survey, which was conducted by PYMNTS and BitPay, found that 85% of merchants were looking to adopt crypto payments to grow their customer base. «Fireblocks’ mission is to enable every business to easily and securely support digital assets and cryptocurrencies. Our all-in-1 platform is designed to support both new and fast growing crypto firms.»

Crypto market cap drops $51 billion as Silvergate crisis deepens

This level of adoption is good news for Fireblocks, which has raisedmore than $1 billionin funding. The question is whether it’s great for competition in thedigital asset custodyspace and for institutional transactions. Varun Paul will also engage with market infrastructure bodies to explore the benefits of supporting digital assets and participating in DeFi.

Customers get improved access to liquidity and instant settlement with a network of 450+ lending, liquidity and trading partners and aren’t bound to Anchorage’s limited roadmap. Banks and licensed FIs won’t depend on another licensed bank that competes for their retail or prime brokerage customers. Fireblocks’ self-custody and deep integration, DeFi and tokenization roadmap make it a better long term strategic partner. Ledger leverages encrypted chips technology to build security solutions for cryptocurrencies and blockchains. The company builds hardware wallets for consumers, hardware security modules for enterprises and hardware oracles for the IoT world. Blockchain infrastructure provider Fireblocks has launched a suite of developer tools and a portal for customers to access cryptocurrency exchanges, NFT marketplaces and other decentralized applications across multiple networks.

Bitso launches Mastercard-backed crypto card in Mexico

A survey from Deloitte titled “Merchants getting ready for crypto,” revealed in June that nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years. This upcoming trend places the Payments Engine and Fireblocks’ partners in a position to capture the incoming merchant processing needs such as reducing operational complexity and dealing with crypto settlements. Complete the form below and a BlockFills® representative will follow up to discuss how we can leverage our 100+ years of combined experience in technology, trading, and banking to help you grow your cryptocurrency business. Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance , NFTs, and more. Two of Fireblocks’ biggest competitors in the crypto custody infrastructure space were acquired last year, Shaulov said. PayPal bought Curv in March, and crypto exchange Coinbase acquired Israel-based Unbound Security in November, so Fireblocks does not consider any specific company to be its direct competitor at this point, he added.

Securely access the full range of DeFi protocols for strategies like decentralized exchange trading, lending/borrowing, staking, and yield farming. Celo is unique among L1 protocols because of its humanitarian mission to bring prosperity to everyone through mobile-focused dApps and crypto payments. Platform-Icon Fireblocks Network The most connected institutional network gives you fast and secure on-chain settlement. The Fireblocks integration with NEAR will allow institutional users to now access the NEAR Protocol’s fast and low-cost sharded proof-of-stake blockchain safely and securely. One of the paradoxes of blockchain and its decentralization is that it depends on a small number of infrastructures.

HSBC and Nationwide block transactions with crypto exchanges

Institutions are using Fireblocks to move funds securely in seconds – instead of hours. Following a successful pilot phase, digital asset custody platform Fireblocks has launched its new payment engine for merchants, opening up pathways for businesses to settle and accept cryptocurrency transactions across jurisdictions. The Fireblocks Payments Engineallows merchants, creators and businesses more easily to transact in digital assets, including the stablecoin USD Coin.

The service allows institutions to safely and cost-effectively store and transfer Crypto Assets without having to deal with the related operational and technical complexities. Fireblocks scaled rapidly in 2021, growing its client base from 100 to 800 and doubling the assets secured on its platform to $2 trillion, Shaulov said. It also grew revenue by 600% over the year, ending with a figure between $50 and $100 million, though Shaulov declined to share a specific revenue number.

Fireblocks

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Security and stability are at the forefront of customers’ minds who leverage Web3 technologies. To build out a trusted ecosystem, Reap has integrated with Fireblocks, an easy-to-use platform to create new blockchain-based products and manage day-to-day digital asset operations. 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.

• FIS already provides card-to-crypto processing services for four out of five of the largest cryptocurrency exchanges in the world and was also the first global merchant acquirer to offer USDC settlements.
• Reap was founded in 2018 and has expanded to a team of over 40, working across offices in 7 countries.
• Initially the service comprises two key cryptocurrencies, BTC and ETH, and based on client demand, will plan to expand into further protocols and other crypto tokens such as stable coins, asset and DEFI tokens.
• Market Makers / Prop Traders Boost operational efficiency and drive balance sheet optimization.
• Silvergate & Signature integrations allow you to transfer fiat-like crypto on the network.

When working with digital assets or crypto, it can be difficult to know how many organizations and teams have access to your private keys… The Reap Card simplifies the process of settling global payments in fiat by using USDC, USDT, BTC, and ETH seamlessly to resolve the problem of costly handling fees that include multiple off-ramp parties. Digital provider Gnosis has already used this service to see firsthand how the Reap Card streamlines complicated currency conversion processes and billing issues, freeing up executive time to focus on core business operations.

Announcing Support for the TRON blockchain, TRX and TRC-20 tokens

XDC Network is an enterprise-ready, open-source protocol that combines the power of private and public blockchains. Platform-Icon Tokenization A robust engine to easily consolidate your assets into stablecoins or security tokens. Three Japanese banks are set to develop a payment system that integrates their stablecoins on a public blockchain while satisfying legal requirements. In partnership with Mastercard, Latin America’s most popular exchange, Bitso launched a debit card in Mexico offering cryptocurrency rewards on customers’ purchases. Broker-neutral technology firm FlexTrade Systems’ FlexONE solution has once again emerged top among the best buy-side execution management systems. In August, SDX Web3 Services went live with its non-custodial Ethereum staking service in a milestone move for the newly launched business unit from SIX Digital Exchange.

“Right now, fire blocks crypto 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. ABN AMRO, headquartered in Amsterdam, became the first bank in Europe to register a digital bond on the public blockchain, using Fireblocks. Fireblocks has launched support for Avalanche , one of the most exciting new protocols for DeFi and beyond. RSK is a Layer 2 DeFi platform that enables Dapps to be built around Bitcoin, which allows you to lend, borrow, trade and earn interest on BTC through DeFi. Get higher transaction speeds; greater developer access, and store; and EVM-compatible, for easy porting of Ethereum based apps.

“They can use any of the 42 blockchains and 1,300+ tokens that Fireblocks supports,” he said. Goldi also clarified that due to a confluence of factors — including regulatory changes— stablecoins have emerged as the front-runner for digital asset payments. Its product enables financial institutions, including Bank of New York Mellon, BlockFi and eToro, to provide direct custody of digital assets. It streamlines operations by bringing all your exchanges, OTCs, counterparties, hot wallets, and custodians into one platform. Wallets, deposit addresses, and API credentials are secured using patent-pending chip isolation technology and the newest breakthrough in cryptography .

https://www.beaxy.com/ asset custody solutions enable clients like financial institutions, enterprises, and investors to manage digital assets like cryptocurrencies. 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. Hex Trust is a fully licensed and insured provider of bank-grade custody for digital assets. Through its proprietary platform Hex Safe, we deliver custody, DeFi, brokerage, and financing solutions for financial institutions, digital asset organizations, corporate and private clients.

The crypto infrastructure quickly helped the Bahamian authorities offload $400 million from FTX that was at risk of theft. But the haphazard nature of these transfers is muddling up the already-murky bankruptcy case of the previously $32 billion exchange. Enjoy peace of mind with the only insurance policy that covers assets in storage, transfer and E&O. Fireblocks users will now be able to access BSC-based trading, lending, and staking apps and store and transfer its native token BNB and BEP20 format tokens in Fireblocks’ secure environment.

• Platform-Icon Fireblocks Network The most connected institutional network gives you fast and secure on-chain settlement.
• Fireblocks is a more complete solution, giving customers direct custody of assets and avoiding the inefficiencies of using sub-custody.
• Fireblocks’ close relationships with banks, hedge funds, VC firms, and other financial institutions will allow these users to access a broad range of products being built on NEAR.
• Tassat is a financial technology company that provides solutions to financial markets utilizing blockchain-based technologies to enable asset transfer and settlement.
• Fireblocks scaled rapidly in 2021, growing its client base from 100 to 800 and doubling the assets secured on its platform to $2 trillion, Shaulov said.

BitGo provides a bitcoin security platform to mitigate risk and optimizes capital efficiency. It offers a multi-signature wallet, portfolio management, corporate treasury, and enterprise enablement to secure Bitcoin from theft and loss. FIS, a $62 billion fintech company, has joined up with New York-based infrastructure company Fireblocks to offer its more than 6,000 capital markets clients access to the full suite of crypto trading and lending services. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

has ETC offices in Hong Kong, Singapore, and Vietnam and is expanding across Europe and the Middle East. 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.

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. It also hopes to expand to new countries in regions including Southeast Asia, Eastern Europe and Africa as the regulatory environment in these locales becomes more favorable for crypto businesses. Forty percent of its customers today are in the U.S., a little over 30% are in Europe and around 25% are in the Asia-Pacific region, which Shaulov noted has been the fastest-growing area for Fireblocks since 2020.