Institutional asset manager asks Fireblocks for help in crypto security
FIS customers will now use the Fireblocks platform for crypto trading and investment engagement at the beginning of this year. The payment giant Fidelity National Information Services (FIS) achieved an evaluation of $ 8 billion at the beginning of this year with the cryptocurrency metabolic company Fireblocks to provide an institutional solution for protecting digital wealth values. FIS capital market customers will now move, store and output digital assets via the services and the Wallet platform from Fireblocks. FIS customers will also be able to access stacking and credit tools, defi assets and "other advanced forms of exposing digital assets", the companies in A said explanation. "Since digital currencies are becoming more and more a mainstream ...
Institutional asset manager asks Fireblocks for help in crypto security

- FIS-Kunden werden nun die Plattform von Fireblocks für Krypto-Handel und Anlageengagement nutzen
- Fireblocks erreichte Anfang dieses Jahres eine Bewertung von 8 Milliarden US-Dollar
The payment giant Fidelity National Information Services (FIS) teamed up on Wednesday with the cryptocurrency metabolic company Fireblocks in order to provide an institutional solution for the protection of digital assets.
FIS capital market customers will now move, store and output digital assets via the services and the Wallet platform from Fireblocks. FIS customers will also be able to access stacking and credit tools, defi assets and "other advanced forms of exposing digital assets", the companies in A said Explanation.
"Since digital currencies are becoming more and more a mainstream, capital market companies will benefit from a single goal that helps them manage many classes of digital assets," said Nasser Khodri, head of the capital markets at FIS. "This exciting new agreement is proof of our commitment to invest in the expansion of our digital asset capacities for our global customer base."
The step takes place shortly after Fireblocks after a financing round of Serie E in the amount of $ 550 million in January reached an evaluation of more than $ 8 billion. Fireblocks investors include the risk capital companies supported by Fidelity Eight Roads and Mstate.
It is "inevitable that every company has to work with crypto or digital assets," Fireblocks CEO Michael Shaulov told Blockworks at the time.
FIS's interest in expanding his offer of digital assets is due to the fact that more and more institutional investors and asset managers are beginning to take a closer look at the industry. The vast majority - 84 % - of the American and European large money investors are interested in investment vehicles with commitment to digital assets Fidelity Digital Assets' 2021 Institutional Investor Digital Assets Study.
"The data also show that institutional investors expect the industry of digital assets to reflect the other investment classes more - whether it is several product types that cover a variety of investment strategies, or the possibility of accessing investments in digital assets via traditional financial companies," says Peter Jubber. A managing director at Fidelity Digital Funds, said.
. .
Post Institutional Asset Manager Enlists Fireblocks to Help With Crypto Security is not a financial advice.