Fireblocks Launches Digital Asset Payments Engine with FIS Joining as New Network Member

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Aurora is an fireblocks network Virtual Machine built on Proof-of-stake based Layer1 blockchain — NEAR Protocol. Aurora enables dApps to scale with low gas fees ($0.2) and process transactions in 2 seconds. With the growing number of VCs and institutions slowly onboarding on the now famous NEAR’s EVM, integrating the network became an easy and useful add-on to the already broad solutions provided by Fireblocks. If a counterparty holds custody of your crypto or digital assets, there is no replacement for due diligence in terms of risk management, security… Fireblocks is an easy to use platform to create new blockchain based products, and manage day-to-day digital asset operations. The Fireblocks Network connects you to 30+ exchanges and 1,200+ tokens from day one.

The entire crypto capital markets ecosystem at your fingertips

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 . Institutions are using Fireblocks to move funds securely in seconds – instead of hours. BNP Paribas Securities Services has selected two major fintechs – Fireblocks and METACO – to develop its digital asset custody offering and help clients issue, transfer and safekeep regulated digital assets efficiently and securely. 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.

The information contained within this document (‘information’) is believed to be reliable but BNP Paribas Securities Services does not warrant its completeness or accuracy. Opinions and estimates contained herein constitute BNP Paribas 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.

Secure Institutional Access to Dogecoin

As a subsidiary of Standard Chartered, Zodia Custody is registered with the UK Financial Conduct Authority and as a Money Services Business with FinCEN in the UK and provides a wide range of cryptoasset services to institutional clients. With multiple accounts/users, multiple asset options, no proper single monitoring dashboard, countless data points, and time lost on analyzing and creating insightful reports, managing multiple parameters can quickly become a burden. Using the right tool can help companies save time and money, manage your business more efficiently, MATIC and help you scale faster. Brenda Mary is a crypto enthusiast and a graduate of The University of Nairobi in economics. She enjoys discussing blockchain technology and is committed to producing original content.

We’re delighted to announce that we have struck a partnership with Fidelity-backed cryptocurrency security provider, Fireblocks. Connect and settle instantly with any counterparty or trading venue on the network. With 1,100+ tokens and 35 protocols supported, Fireblocks offers the widest token support in the industry. Platform-Icon Fireblocks Network The most connected institutional network gives you fast and secure on-chain settlement.

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. Celo is unique among L1 protocols because of its humanitarian mission to bring prosperity to everyone through mobile-focused dApps and crypto payments. Rebalance across spot, derivative, and sub-accounts all from one crypto transfer network. FireblogsRead about the latest industry trends, platform updates, research, and insights from our experts.

Report Company › Fireblocks

Fireblocks is an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations, such as moving, storing, and distributing digital assets. Fireblocks combines its MPC-CMP wallet infrastructure with hardware enclave isolation to eliminate a single point of failure and insulate digital assets from cyber-attacks, internal collusion, and human error. 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.

Regarding the ‘token-agnostic’ aspect of the Payment Engine solution, Goldi said that as long as it is one of the “1,300+ tokens that Fireblocks supports, businesses may utilize any digital token of their choosing across 42 blockchains. There is now a waiting list of roughly 50 businesses that want to use the payment engine. Ran Goldi, vice president and head of payments at Fireblock, stated that their goal with Fireblock’s network payments and the payments engine was to persuade all those businesses to keep operating as they already do. Ran claims they’re just switching to quicker, less expensive, and more transparent payment rails, which means blockchain.

You can ly execute any digital asset trading strategy and operate 24/7, all from one crypto transfer platform. 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. Tokeny provides an enterprise-grade infrastructure to allow companies and financial actors to compliantly issue, transfer, and manage assets on blockchain, enabling them to improve asset liquidity. The following PSP to use the Fireblocks network Payment Engine is Fidelity National Information Services Inc , the largest merchant acquirer in the world. FIS and Fireblocks first collaborated in April to provide capital market investors with alternatives for investing in digital assets.

The firm, deemed the most prominent merchant acquirer in the world, has joined Fireblocks’ network of partners utilizing the Payments Engine. FIS and its Worldpay solutions were the first worldwide merchant acquirer to offer USDC settlements, and they already offer card-to-crypto processing services to 4 of the top 5 cryptocurrency exchanges. Over a million retailers are served globally by payment service providers as a group. Cross-border transfers, creator payments, and cryptocurrency pay-ins, a tool that would enable businesses to accept digital assets as a form of payment, would all be introduced gradually after the payment engine’s debut, all with a lower transaction processing price. “The widespread use of stablecoins have made digital asset-based payments use cases very compelling for payments companies,” said Fireblocks Vice President and Head of Payments, Ran Goldi. With the Fireblocks Network, you have access to the entire crypto capital markets ecosystem.

XDC Network is an enterprise-ready, open-source protocol that combines the power of private and public blockchains. ResourcesFind out how Fireblocks helps customers solve the biggest challenges around digital asset security and operations. Platform-Icon Tokenization A robust engine to easily consolidate your assets into stablecoins or security tokens. 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. Tesseract aims to promote trust and transparency in the digital asset industry by promoting active dialogue with regulators and adhering to the highest standards of national and international financial regulation. “While traditional card processors usually charge 1%-3% for every transaction, mostly to cover the card network fees they are required to pay to Visa/Mastercard, PSPs using crypto acceptance solutions are charging 0.2%-0.5% — an 80%+ reduction in fees,” said Goldi.

Fireblocks Integrates with Tokeny to Offer a Turnkey Tokenization Solution

Blackfridge is regulated and licensed by the Isle of Man Financial Services Authority and is required to hold GBP equal to the value of the tokens issued at all times. Combined, the company aims to protect all holders from potential price volatility while cementing trust in its value. When working with digital assets or crypto, it can be difficult to know how many organizations and teams have access to your private keys… 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.

• Silvergate & Signature integrations allow you to transfer fiat-like crypto on the network.
• Ran estimates that the amount of merchant settlement will likely exceed $10 to $20 billion during the upcoming year.
• Cross-border transfers, creator payments, and cryptocurrency pay-ins, a tool that would enable businesses to accept digital assets as a form of payment, would all be introduced gradually after the payment engine’s debut, all with a lower transaction processing price.
• Fireblocks serves over 1,300 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit.

The company is backed by strategic investors such as Euronext, Inveniam, and Apex Group. GATENet combines traditional capital market experience, fintech innovations and a growing network of partners to build a unique model for the trading and settlement of digital securities and digital assets . GATENet is delivering on-chain financial market, settlement and registry solutions to reduce costs and increase efficiencies for all issuers, investors and market participants everywhere. Banks, asset managers and funds servicers are hiring to complete their blockchain teams.

Nabil Manji, Head of Crypto & Web3 at FIS, expressed his excitement about the broad movement toward digital payment methods among businesses and consumers. Silvergate & Signature integrations allow you to transfer fiat-like crypto on the network. Rsk is the most secure smart contract network in the world and enables decentralized applications secured by the Bitcoin Network to empower people and improve the quality of life of millions. ABN AMRO, headquartered in Amsterdam, became the first bank in Europe to register a digital bond on the public blockchain, using Fireblocks. The Digital Asset Insider is your monthly recap on what’s been going on in the digital asset space. Secure customer and investor funds from cyber attacks, internal collusion and human error with a multi-layer technology that combines the latest breakthroughs in MPC cryptography with hardware isolation.

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. METACO has established itself as the Tier 1 banking standard, trusted by and in live production with global custodians, exchanges, private and universal banks. Its software, technology and infrastructure solutions enable financial institutions to store, trade, issue and manage digital assets, with the highest possible security and agility. Founded in 2018, Fireblocks is an end-to-end platform to store, transfer, and issue digital assets. Using best-in-class MPC-CMP cryptography, Fireblocks provides institutional-grade custody technology for digital assets, facilitating almost instantaneous transfer without compromising security. Fireblocks has also built a network of authenticated counterparties for seamless asset transfer and liquidity, driving strong network effects for all customers and stakeholders.

With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide. “Improving access to liquidity and connecting the crypto capital markets ecosystem is the cornerstone of the Fireblocks Network. We are thrilled to welcome Tesseract to the Fireblocks Network as one of the first regulated entities in the European Union offering digital asset yield products. Now over 1000 global organizations have instant and secure access to their suite of yield products through the Fireblocks Network,” said Stephen Richardson, VP of Product Strategy, Fireblocks.

The integration will enable Fireblocks customers with the ability to mint and manage permissioned tokens such as digital securities, stablecoins and loyalty programs across retail trading apps, neobanks, payment networks, and more. Together with Tokeny, Fireblocks will provide a secure and compliant turnkey solution for companies and financial institutions to issue, manage, custody and transfer tokenized securities. Fireblocks, an enterprise-grade technology, offers a secure infrastructure for transferring, storing, and distributing digital assets. Through the Fireblocks Network and MPC-based Wallet Infrastructure, Fireblocks enables exchanges, loan desks, custodians, banks, trading desks, and hedge funds to grow their activities involving digital assets safely.

The two service partners, Zodia and Fireblocks, will conduct due diligence checks on counterparties on the Fireblocks Network prior to Zodia clients taking. Another advantage of the Payments Engine, as highlighted by Fireblocks, is that it allows merchants to accept cryptocurrencies as a payment method with significantly lower processing fees. Have a look at the company, clients and references to learn whether XRP this is a match for you. Helpful resources, company updates, and insider info to keep you ahead of the industry.

More than 750 digital asset businesses use Fireblocks software and APIs to custody, manage treasury operations, access DeFi, mint & burn tokens, and manage their digital asset operations. The bank has selected Fireblocks as its hot wallet, tokenization, and connectivity infrastructure layer. As a first step, BNP Paribas Securities Services will use Fireblocks’ solution in their on-going experimentation with the settlement and custody of regulated security tokens. Most recently, BNP Paribas Securities Services leveraged Fireblocks’ solution in a live experiment on the settlement and custody of a non-listed digital bond in the French market. As financial institutions begin to explore the world of tokenized products, we are excited to integrate Tokeny’s offerings onto our platform. Fireblocks and Tokeny share a common vision to bring the benefits of blockchain technology to the mainstream in a compliant and secure way.

Utilizing Fireblocks’ Payments Engine, PSPs will have a secure platform to deploy new digital asset payment rails, expanding their capabilities to accept, collect, payout, process and settle transactions using digital assets. The company’s core product, Harmonize, is an orchestration system for digital assets. From cryptocurrency custody and trading to tokenization, staking and smart contract management, the platform seamlessly connects institutions to the new world of decentralized finance . In digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. 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.

We recommend that all organizations working with https://www.beaxy.com/, web3 or digital assets implement transaction policies. In the U.S., BNP Paribas Securities Services is a business line of BNP Paribas which is incorporated in France with limited liability. We work with key partners in multiple jurisdictions to collectively establish a network of digital securities exchanges, powered by GATENet, to produce a frictionless marketplace and inclusive financial system. 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. Aurora is an Ethereum Virtual Machine based on the layer 1 proof-of-stake blockchain NEAR Protocol. Aurora provides a solution for developers to deploy their apps on an Ethereum-compatible, high-speed, scalable, and future-proof platform with low transaction costs for their users.