Fireblocks Acquires Tokenization Firm Blockfold To Serve Industry'S Largest Banks & Financial Institutions

Sep 29, 2023•almost 2 years ago

Acquiring Company

Fireblocks

Acquired Company

BlockFold

Thailand

Description

Today, Fireblocks is excited to announce the acquisition of BlockFold, a smart contract development and consulting firm specializing in advanced tokenization projects for financial institutions. The acquisition enriches Fireblocks' tokenization capabilities to provide clients with a complete service layer that includes advisory, token customization, orchestration, and distribution through the Fireblocks Network.

Company Information

Company

Fireblocks

Location

Thailand

About

,” the company says. The company will also use the funds to increase its engineering and customer success operations, and expand geographically, particularly in the Asia-Pacific region. “Fireblocks provides the most secure and flexible platform for a wide range of customer needs,” said Sequoia’s Gupta. In particular, Fireblocks provides custody to institutional investors and has secured the transfer of over $1 trillion in digital assets over time. ”What that means is that Fireblocks’ technology can be white labeled for crypto custody offerings, “so that new and established financial institutions can implement direct custody on their own without having to rely on third parties

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