DeFinity Markets Teams Up With Fireblocks For Enhanced Asset Security
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
DeFinity Markets, a digital asset platform for fiat and crypto trades, announced it had teamed up with Fireblocks, a platform for managing digital assets. According to the announcement, this partnership aims to help DeFinity clients store and trade their assets more securely.
The companies reported that Fireblocks’ technology, combined with DeFinity’s order matching system, allows clients to trade easily while keeping transactions safe.
DeFinity Markets Aims To Enhance Efficient Digital Asset Trading For Institutions
Michael Shaulov, Fireblocks’ Chief Executive Officer, was excited to support DeFinity’s goals. Shaulov stated that Fireblocks’ security tools help clients trade more safely and feel more confident in their digital transactions.
Using Fireblocks’ technology, DeFinity said that its clients would enjoy a simpler way to trade digital assets while benefiting from advanced security.
Manu Choudhary, Chief Executive Officer of DeFinity Markets, also commented on the partnership. According to Choudhary, the integration with Fireblocks aligns with DeFinity’s mission to offer more secure trading for its clients, especially those working within traditional finance.
Choudhary said that this integration fits well into DeFinity’s plans and makes it possible for the platform to support its clients’ digital asset needs efficiently.
The two companies explained that this partnership reflects their shared commitment to helping institutional clients in both digital and fiat trading spaces. Fireblocks noted that its network helps with digital asset transfers by organizing wallet addresses, which reduces errors caused by manual entry.
This helps clients trade more smoothly, said Fireblocks. The collaboration is part of DeFinity’s strategy to bring easy and safe trading options to institutions interested in digital assets and foreign exchange.
DeFinity Markets Expands Secure Digital Trading With Jersey VASP Status
According to Michael Siwek, co-founder of DeFinity Markets, the timing of this partnership is ideal. Siwek said that DeFinity recently earned Virtual Asset Service Provider (VASP) status in Jersey and launched digital assets there.
He explained that this move helps DeFinity grow its offerings for institutional clients trading in crypto assets. Siwek also noted that DeFinity and Fireblocks would work closely to provide new products for their clients in this space.
The companies further stated that they are seeing more demand from institutions for secure digital asset trading options, as this market continues to grow. According to Fireblocks, its Trust Company offers high-level security and safe storage solutions.
This system, known as cold storage, allows clients to hold their assets in an environment that provides strict safety protections, which is helpful for banks and institutions trading digital assets. Fireblocks revealed that its storage solutions also meet United States regulations, making them compliant with New York Banking Law and the Securities and Exchange Commission’s Custody Rule.
