Fireblocks Teams Up With FIS to Bring DeFi to TradFi
Fireblocks Forms Partnership With FIS
According to a Forbes report, the partnership between Fireblocks and FIS will enable traditional financial firms to access the largest crypto trading venues, liquidity providers, lending desks, and DeFi applications.
Starting from today, FIS’ more than 6,000 capital markets clients will have access to Fireblocks’ services with its 1,000+ partners onboarded to its network that allows quick, secure, and cheap transfers across the world.
Essentially, clients of FIS capital markets will be able to move, store and issue digital assets in addition to gaining access to self-custody digital asset wallet technology, an asset transfer network, and tools to access staking, DeFi, and other more advanced forms of crypto services.
“The strategic partnership with FIS will bring the Fireblocks technology to nearly every type of buy-side, sell-side and corporate institution in traditional assets,” said Michael Shaulov, CEO at Fireblocks.
Fireblocks recently secured an $8 billion valuation via its $550 million Series E funding round and even onboarded Bank of England's head Varun Paul to join its team.