Fireblocks Partners with CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu for Global Custodian Program
Terrill Dicki Jul 11, 2024 14:28
Fireblocks announces its first Global Custodian Partners: CloudTech, Zodia Custody, Zerocap, Rakkar, and Komainu, enhancing secure digital asset custodianship.
Fireblocks has officially announced the first partners for its Global Custodian Partner Program, including CloudTech Group, Zodia Custody, Zerocap, Rakkar, and Komainu. This initiative aims to address the evolving regulatory landscape surrounding digital assets by providing institutions with access to licensed digital asset custodianship tailored to their specific regulatory jurisdictions.
Introducing the Custodian Partners
According to Fireblocks, the selected custodian partners bring a wealth of expertise and trusted services crucial for meeting the increasing regulatory and security demands faced by new digital asset operators. The collaboration with these industry leaders will provide unparalleled access to licensed custodians, self-custody wallets, liquidity pools, exchanges, and other essential digital asset services on a global scale.
About the Fireblocks Global Custodian Partner Program
The Fireblocks Global Custodian Partner Program is a response to the rapid growth of the cryptocurrency market, which has more than doubled in the past year, reaching a market capitalization of $2.2 trillion. This growth, coupled with clearer regulatory guidelines, has fueled the demand for safe, segregated, and professional-grade custodial solutions.
The program is designed to streamline digital asset operations for existing and future Fireblocks customers by providing a single, easy-to-use platform that connects them with local, licensed custody partners. These partners are powered by Fireblocks across various global regions, including:
- United States
- United Kingdom
- Australia
- Singapore
- Hong Kong
- Thailand
- Ireland
- Luxembourg
- New Zealand
- Japan
- United Arab Emirates
The Fireblocks Network, an institutional-grade digital asset transfer platform, further enhances the program by enabling rapid digital asset transactions and dynamic payment workflows. Customers can securely transact with thousands of trusted counterparties and access the vast ecosystem of decentralized applications from a single platform.
Implications for the Digital Asset Industry
This partnership program is expected to significantly impact the digital asset industry by providing institutions with the necessary tools and services to navigate the complex regulatory environment. By ensuring secure and compliant digital asset custodianship, Fireblocks and its partners aim to foster greater confidence and adoption of digital assets among institutional investors.
As the digital asset market continues to evolve, initiatives like the Fireblocks Global Custodian Partner Program will play a crucial role in shaping the future of the industry, providing the infrastructure needed for secure and efficient digital asset management.
Image source: Shutterstock