Fireblocks, the award-winning provider of digital asset and crypto custody technology, announced today it has integrated Tokeny to its platform. The integration will enable Fireblocks customers with the ability to mint and manage permissioned tokens such as digital securities, stablecoins and loyalty programs across retail trading apps, neobanks, payment networks, and more. Together with Tokeny, Fireblocks will provide a secure and compliant turnkey solution for companies and financial institutions to issue, manage, custody and transfer tokenized securities.
“Banks, asset managers and funds servicers are hiring to complete their blockchain teams. They will focus on business use cases first and will need a proven enterprise-grade technology provider to launch quickly and without risk. With this collaboration, we intend to answer the ‘buy or build” question for most financial institutions that are upgrading their assets and bringing them on-chain. By applying trust, compliance, and control on a hyper-efficient infrastructure, we will be able to unlock significant advancements in the management and liquidity of new financial instruments.“Luc Falempin CEO at Tokeny
A recent article from State Street predicts that institutional demand for tokenization has gained traction as “all financial markets will have to digitize their processes and tokenize their assets to remain relevant.”
In 2021, more than $28 billion in assets were tokenized using Tokeny’s solutions. Now, with Tokeny’s industry-leading product suite underscored by Fireblocks’ token transfer, settlement and custody technology, customers will be able to quickly deploy and issue compliant ERC-3643 security tokens on Ethereum and the high-speed, cost efficient Polygon blockchain.
“As financial institutions begin to explore the world of tokenized products, we are excited to integrate Tokeny’s offerings onto our platform. Fireblocks and Tokeny share a common vision to bring the benefits of blockchain technology to the mainstream in a compliant and secure way.“Michael Shaulov CEO & Co-founder at Fireblocks
“Polygon is excited to provide the infrastructure, security and reliability needed for a collaboration with such demands for scalability. Impactful and innovative initiatives like this show how enterprising and ambitious Polygon technology allows builders like Fireblocks and Tokeny to be. We look forward to collaborating further and supporting this important initiative in its mission toward mainstream digital asset adoption.“Antoni MartinPolygon Enterprise Lead
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,300 financial institutions, has secured the transfer of over $3 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit.
Tokeny provides a compliance infrastructure for digital assets. It allows financial actors operating in private markets to compliantly and seamlessly issue, transfer, and manage securities using distributed ledger technology. By applying trust, compliance, and control on a hyper-efficient infrastructure, Tokeny enables market participants to unlock significant advancements in the management and liquidity of financial instruments. The company is backed by strategic investors such as Euronext, Inveniam, and Apex Group.
Photo by Il Vagabiondo on Unsplash
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