FIS joins forces with Fireblocks for access to digital asset wallet technology
13 April 2022 United States
Image: iuriimotov
FIS has partnered with Fireblocks, a digital asset custody, transfer and settlement platform, to move, store and issue digital assets, and gain access to self-custody digital asset wallet technology.
As part of the initiative, FIS will also have access to an asset transfer network and tools to access staking, decentralised finance (DeFi) and other forms of digital asset exposure.
The news of the partnership comes as FIS looks to accelerate crypto adoption within the capital markets industry by enabling firms of all types to access the largest crypto trading venues, liquidity providers, lending desks and DeFi applications.
FIS continues to expand its portfolio of crypto and digital asset offerings for clients across multiple markets, including card-to-crypto and other money movement services.
Nasser Khodri, head of capital markets at FIS, says: 鈥淎s digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many classes of digital assets. This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.鈥�
Michael Shaulov, CEO at Fireblocks, comments: 鈥淭he strategic partnership with FIS will bring the Fireblocks technology to nearly every type of buy-side, sell-side and corporate institution in traditional assets. Together, we will enable a quick way for existing and prospective FIS clients to onboard their digital asset operations and begin tapping into these fast-growing markets.鈥�
As part of the initiative, FIS will also have access to an asset transfer network and tools to access staking, decentralised finance (DeFi) and other forms of digital asset exposure.
The news of the partnership comes as FIS looks to accelerate crypto adoption within the capital markets industry by enabling firms of all types to access the largest crypto trading venues, liquidity providers, lending desks and DeFi applications.
FIS continues to expand its portfolio of crypto and digital asset offerings for clients across multiple markets, including card-to-crypto and other money movement services.
Nasser Khodri, head of capital markets at FIS, says: 鈥淎s digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many classes of digital assets. This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.鈥�
Michael Shaulov, CEO at Fireblocks, comments: 鈥淭he strategic partnership with FIS will bring the Fireblocks technology to nearly every type of buy-side, sell-side and corporate institution in traditional assets. Together, we will enable a quick way for existing and prospective FIS clients to onboard their digital asset operations and begin tapping into these fast-growing markets.鈥�
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