- FIS and Fireblocks are teaming up to present enterprise-grade bitcoin and different cryptocurrency asset administration providers.
- 6,000 enterprise-grade shoppers could have entry to a full monetary suite permitting them to entry options similar to self-custodied wallets and fixed entry to a safe switch community.
- A survey cited within the press launch from FIS states 69% of institutional traders need to undertake bitcoin or different cryptocurrencies for asset administration.
FIS, a publicly-traded fintech firm and the biggest processing and funds supplier on the planet, has partnered with New York-based cryptocurrency infrastructure agency Fireblocks to allow its over 6,000 capital markets shoppers entry to a full suite of monetary providers for bitcoin and different cryptocurrencies, in accordance to a Wednesday press release.
“As digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many classes of digital assets,” stated Nasser Khodri, head of capital markets at FIS. “This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.”
Starting immediately, 6,000 shoppers served by FIS could have entry to Fireblocks’ product choices together with the community of over 1,000 companions that enables low cost, fast and safe transfers the world over all 12 months spherical with no set working hours, permitting fixed entry.
“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,” stated Michael Shaulov, Chief Executive Officer at Fireblocks. “Together, we will enable a quick way for existing and prospective FIS clients to onboard their digital asset operations and begin tapping into these fast-growing markets.”
The press launch cites a current survey that confirmed 69% of institutional traders within the U.S need to undertake bitcoin and different cryptocurrencies as a part of their funding technique. This partnership permits FIS shoppers to transfer and retailer bitcoin and different cryptocurrencies, acquire entry to self-custodied wallets, a switch community, and different superior types of digital asset administration.
In March, Worldpay from FIS partnered with Shyft Network to allow its service provider shoppers to extra simply adjust to present and evolving regulatory necessities within the new ecosystem. Worldpay supplies providers to 4 of the highest 5 cryptocurrency exchanges, FIS stated.