Fireblocks Crosses $150 Billion in Digital Assets
Fireblocks has announced that its institutional customers have now transferred more than $150 billion in digital assets by utilizing its platform.
FREMONT, CA: Fireblocks has announced that its institutional customers, which consist of exchanges, lending desks, banks, OTC desks, liquidity providers, and hedge funds, has now transferred more than $150 billion in digital assets by utilizing its platform. To control the increasing adoption of digital assets and real-time payments, Fireblocks will be extending its operations in Europe beyond London by adding two new offices in France and Germany.
The European Union has become the new jurisdiction that is taking steps to increase the region's cryptocurrency adoption speed. In September, the EU's executive branch even presented the proposed rules to offer legal guidance and clarity for corporations and investors while adopting cryptocurrencies. In the current year, there has been a surge in new consumer-facing crypto products like crypto credit or debit cards and systems for vendors to convert crypto into fiat, which shows the growth in the market and new chances for entrants.
"The EU region is seeing increased interest from institutions as new regulatory clarity provides a framework for how to compliantly operate in the digital asset space," said Michael Shaulov, CEO of "Fireblocks. We are excited to expand our footprint in the region to help our customers launch product offerings for digital asset support and provide the tools that will steward this next phase of growth, innovation and adoption."
Fireblocks has even initiated its entry into Europe with fintech leaders, Revolut, B2C2, and AMDAX. It will be the first digital asset exchange registered with the Netherlands' central bank, along with 20+ institutional customers who are using Firebocks next-generation wallet technology developed with MPC-CMP, which is more secure and operationally superior to the multi-sig or standard MPC.
"We checked a lot of custodian solutions on the market, and by far the best one for us was Fireblocks," said Melvin Lazeron, Co-Founder & Director of AMDAX. "Their solution not only has cutting-edge tech with its MPC technology (enabling more client flexibility and control), but it also greatly decreases our administrational burden and vastly increases our settlement speed. On top of all of that, Fireblocks enables us to offer the most comprehensive digital asset insurance to our clients. This gives our clients a much better and safer experience and results in a more mature market."