DeFinity Markets integrates Fireblocks to enhance digital asset security, offering secure trading, custody, and compliance solutions for institutional clients.
DeFinity Markets, a platform specializing in institutional digital asset matching and settlement for fiat and crypto, has integrated Fireblocks into its system. Fireblocks, known for its robust blockchain security infrastructure, will provide secure storage and transaction capabilities for select DeFinity API clients.
Manu Choudhary, the CEO of DeFinity Markets, said he was happy to partner with Fireblocks as they shared the same vision for the future. This integration will allow DeFinity to extend PB credit-intermediated trading services and add value to digital asset clients within the TradFi market.
The integration of Fireblocks’ security with DeFinity’s trading and settlement services is expected to result in inefficient trading. Overall, trade execution will become more secure and transparent, and it will be easier for institutional clients to operate.
Fireblocks Partners with DeFinity to Enhance Digital Asset Security for Institutions
Michael Shaulov, Fireblocks’ CEO, noted the partnership’s significance to DeFinity. He said that it would leverage Fireblocks’ secure network to improve its digital asset management. They also highlighted the fact that through DeFinity’s API, clients can trade with confidence that their transactions are secure with the best technology available.
The integration will also address some of the major concerns related to digital asset transfers, especially wallet address management and the risks associated with manual entries. It also targets meeting the increasing demand for qualified custody solutions among institutional participants. Fireblocks cold wallets will provide adequate asset protection, which meets the regulatory requirement.
Michael Siwek, the Co-Founder of DeFinity Markets said it allows institutions to use bank-wrapped cold storage alongside Fireblocks-wrapped cold storage option for added security and compliance.
The partnership is timely, especially after the company recently got accredited as a Jersey VASP (Virtual Asset Service Provider). This move will ensure the platform prepares to launch complementary digital asset services on the island. In addition, the two companies will cooperate to create a set of products to meet the needs of PB clients engaged in cryptocurrency transactions.
Together, DeFinity and Fireblocks aim to drive innovation in the digital asset space, offering institutions a secure and flexible environment for cross-asset trading.
