New updates have been reported about Fireblocks (PC:FIREB)
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Fireblocks, a leader in digital asset infrastructure, has announced its acquisition of Dynamic, a developer platform known for powering over 50 million on-chain accounts. This strategic move positions Fireblocks to offer a comprehensive custody-to-consumer stack, enhancing its existing enterprise-grade infrastructure with Dynamic’s expertise in consumer-facing applications. By integrating Dynamic’s capabilities, Fireblocks aims to streamline the process for enterprises, fintechs, and payment platforms to onboard users on-chain, offering seamless and secure digital asset experiences.
This acquisition comes at a time when favorable regulations and the rapid adoption of stablecoins are driving companies to integrate blockchain technology. Fireblocks’ CEO, Michael Shaulov, emphasized that the combination of Fireblocks’ trusted infrastructure with Dynamic’s elegant wallet solutions creates a unique offering in the industry. The collaboration is expected to unlock new revenue opportunities for businesses by simplifying the integration of digital assets into their operations. Dynamic’s team will join Fireblocks, bringing their specialized expertise to support existing customers and further develop the integrated platform. This move is set to empower enterprises globally, enabling them to deliver secure and compliant digital asset functionalities swiftly.