New updates have been reported about Fireblocks (PC:FIREB)
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Fireblocks Trust Company, a New York State-regulated qualified custodian, is making significant strides in the digital asset space by partnering with prominent firms such as Bakkt, Castle Island, FalconX, and Galaxy. This collaboration aims to bolster the infrastructure for regulated digital asset strategies, including ETFs, protocol launches, and institutional lending. As digital assets gain regulatory attention, Fireblocks Trust Company is positioning itself as a key player in providing compliant and secure custody solutions for institutions.
The company’s custody framework, integrated with Fireblocks’ security stack, supports over 2,400 institutions, offering a robust platform built on industry-leading cold storage technology. This setup ensures unmatched security and broad asset coverage, setting a new standard for institutional digital asset custody. Adam Levine, CEO of Fireblocks Trust Company, emphasizes the role of regulated custody as a catalyst for institutional adoption of digital assets, providing the necessary protections and infrastructure. As the digital asset market matures, Fireblocks Trust Company continues to support a diverse range of institutions, bridging the gap between traditional finance and the evolving crypto landscape.