DeFinity Markets Integrates FireBlocks
Posted by Colin Lambert. Last updated: November 6, 2024
Crypto matching and settlement system DeFinity Markets says it has integrated the Fireblocks enterprise platform to facilitate safe storage and transactions for “select” API clients.
The firms says the integration allows clients to trade “with enhanced transparency, security and ease”, adding that Fireblocks’ network capabilities simplify digital asset transfers by streamlining wallet address management, significantly reducing the risk of manual entry errors.
DeFinity says as the custodian landscape evolves, the demand for qualified custody among institutional market participants continues to grow. It adds The Fireblocks Trust Company is “poised to offer the most secure, bank-grade cold storage solution, ensuring the highest level of protection for digital assets and supporting the growth of the US digital asset ecosystem”.
This means clients can choose between traditional bank-backed cold storage and Fireblocks-backed physical cold storage. Fireblocks’ cold storage custody solution meets New York Banking Law regulatory requirements, as well as the SEC’s Custody Rule.
“This ongoing collaboration is very timely given our group company’s recent Jersey VASP status and the full launch of digital assets on the island,” says Michael Siwek, co-founder of DeFinity Markets. “We will be working closely with Fireblocks to deliver a suite of products to our future PB clients transacting crypto currencies.”