DeFinity Markets, a platform that provides institutional-grade digital asset matching and settlement for both fiat and cryptocurrency, has partnered with Fireblocks to enhance its security infrastructure.
Manu Choudhary, CEO of DeFinity Markets, expressed excitement about the partnership, stating,
“We are thrilled to collaborate with Fireblocks, as it aligns perfectly with our strategy to offer PB credit-intermediated trading services for digital asset clients in the TradFi space.”
This partnership aims to enhance security for select API clients by providing secure storage and transaction processing. It also offers institutional clients a seamless and transparent trading experience by integrating Fireblocks’ robust security infrastructure with DeFinity’s advanced trading and settlement services.
Michael Shaulov, CEO of Fireblocks, expressed enthusiasm about the collaboration, stating,
“We are excited to support DeFinity Markets as they leverage our infrastructure to enhance the security and efficiency of their digital asset operations.” He added, “With our infrastructure in place, DeFinity’s API clients can trade confidently, knowing their transactions are safeguarded by the highest level of security available.”
Fireblocks’ integration will streamline digital asset transfers by enhancing wallet address management and minimizing the risk of manual errors. With the growing demand for qualified custody solutions among institutional players, their cold storage solution ensures secure asset protection while meeting regulatory standards.
Additionally, this partnership provides institutions with both traditional bank-backed and Fireblocks-backed cold storage options, improving security and compliance.
Both companies noted they are committed to driving innovation in digital assets, creating more secure and flexible opportunities for institutions to engage in cross-asset trading.
Meanwhile, Fireblocks partnered with Chainlink Labs to provide a secure solution for banks to issue and transact stablecoins globally, offering on-chain collateral verification, real-time price tracking, and data on reserves, market value, and supply across multiple blockchains. It includes compliance tools for KYC/AML, Travel Rule regulations, Direct Custody Wallets-as-a-Service for over 80 blockchains, and connects users to over 2,000 institutional counterparties.
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