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Finery Markets has integrated Fireblocks' custody technology into its Execution Management System (EMS), linking the two platforms to automate off-exchange trading and settlement workflows for institutional clients.
The integration connects Finery Markets' EMS with Fireblocks' custody and settlement layers, creating a vertically integrated workflow designed to maintain a structural separation between trade execution and asset safety. The solution targets financial institutions operating in the over-the-counter (OTC) digital asset market.
Through the integration, data flows automatically between trading environments and custody vaults to facilitate post-trade netting. Clients using Fireblocks as their custody technology provider are able to initiate settlements directly within the Finery Markets interface, removing the need for manual data entry or switching between systems to initiate transfers. Positions and credit limits are reconciled against custody data on a daily basis.
Konstantin Shulga, Chief Executive Officer and Co-founder, Finery Markets
Konstantin Shulga, Chief Executive Officer and Co-founder, Finery Markets
"The future of institutional trading is on-chain, but within architectures backed by the time-tested principles of independence, capital efficiency, and netted settlements. These are the fundamentals of institutional electronic trading. Together, Finery Markets and Fireblocks deliver the rails to match these principles with the innovations of digital custody."
Finery Markets is a non-custodial crypto ECN and trading SaaS provider for institutional digital asset trading. The company uses Fireblocks' infrastructure to secure digital asset transactions across more than 150 blockchains. Fireblocks is used by over 2,400 organisations globally and manages more than $10 trillion in digital assets.
Finery Markets was launched in 2019, has surpassed $50 billion in cumulative trading volume, and serves 150 institutional clients across 41 countries, including payment providers, brokers, OTC desks, hedge funds, and custodians.
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