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Digital asset trading platform DeFinity Markets, the first full-stack institutional digital asset matching and settlement platform for fiat and crypto, has integrated Fireblocks' security infrastructure into its institutional cryptocurrency and foreign exchange trading services, as demand for regulated digital asset trading solutions continues to grow.
The partnership enables DeFinity's API clients to access secure storage and transaction capabilities through Fireblocks' enterprise platform, which provides bank-grade cold storage solutions compliant with New York Banking Law and SEC custody requirements.
"We are excited to support DeFinity Markets as they leverage our infrastructure to enhance the security and efficiency of their digital asset operations. With our infrastructure in place, DeFinity's API clients can trade with confidence and ease, knowing their transactions are backed by the best security out there," said Michael Shaulov, CEO of Fireblocks.
DeFinity Markets operates an electronic communication network (ECN) that allows institutional clients to trade both traditional foreign exchange and digital assets through standardised FIX API access, supported by integrated anti-money laundering and know-your-customer frameworks.
Manu Choudhary, CEO of DeFinity Markets, commented: "We are delighted to work with Fireblocks as it fits well into our strategic vision and roadmap of providing PB credit intermediated trading services for digital asset clients in the TradFi space."
The collaboration follows DeFinity's recent registration as a Virtual Asset Service Provider (VASP) in Jersey.
Michael Siwek, co-founder of DeFinity Markets, noted: "This ongoing collaboration is very timely given our group company's recent Jersey VASP status and the full launch of digital assets on the island. We will be working closely with Fireblocks to deliver a suite of products to our future PB clients transacting crypto currencies."
“As the custodian landscape evolves, the demand for qualified custody among institutional market participants continues to grow. The Fireblocks Trust Company is poised to offer the most secure, bank-grade cold storage solution, ensuring the highest level of protection for digital assets and supporting the growth of the U.S. digital asset ecosystem. TrustCo allows us to offer clients the flexibility to choose between traditional bank-backed cold storage and Fireblocks-backed physical cold storage, ensuring the highest level of security for their assets. Fireblocks’ cold storage custody solution meets New York Banking Law regulatory requirements, as well as the SEC’s Custody Rule, to provide comprehensive compliance and peace of mind for institutional clients.”
“By working with Fireblocks, we expect to further drive innovation in the rapidly evolving digital asset space, creating new opportunities for institutions to engage in cross-asset trading with unparalleled security, liquidity, and flexibility.”
