Join Our Mailing List
Sunday December 10, 2023
Bitcoin (BTC) $43,951.78   Ethereum (ETH) $2,355.13
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Security

FDT onboards Fireblocks to improve crypto-asset security for Asian market

Published by CryptoNinjas.net
04/14/2021
FDT onboards Fireblocks to improve crypto-asset security for Asian market

First Digital Trust (FDT), an Asia-based multi-asset custodian to the world’s largest investment community, BnkToTheFuture, will integrate Fireblocks’ MPC-based digital asset infrastructure to meet the increasing demand from fintech companies seeking custodial solutions in Asia.

As the first custodian in Asia to leverage Fireblocks’ next-generation multi-party computational (MPC) custody technology, FDT will further enhance its position as the region’s most trusted custodian, enabling fintechs and new investors to enter and participate in the nascent space.

Fireblocks’ technology will allow FDT to provide more interoperable custody solutions by enabling fintech clients to instantly send money to various digital asset providers without needing to see a wallet address thanks to Fireblocks’ MPC technology that eliminates the single point of failure for private keys. This will make the depositing of assets into FDT’s custodial structure automated.

“We’ve been striving to build the most robust and secure infrastructure for assets for over 30 years. As institutional investors seek the high-yield and anti-inflationary power of digital assets, we believe the protection of these assets should remain as strong as legacy custody protocols. Working with Fireblocks to automate our services while further protecting the vaults that shield these assets allows us to do this.”
– Gunnar Jaerv, COO of First Digital Trust

The region’s increasing interest in digital assets comes with the need for secure and scalable solutions. In the past, FDT manually handled operational tasks like wallet creation – an extremely time-consuming and unscalable process resulting in the firm’s inability to take on ambitious projects to support their growth. Fireblocks have enabled FDT to generate a new wallet in a matter of seconds, removing a time-consuming manual activity and allowing FDT to focus on important revenue-generating tasks to grow the business.

Another key issue of concern is the vulnerability of hot and warm wallets. Fireblocks will enable FDT to provide exchanges with secure wallets that are not vulnerable to attacks. By combining MPC-based infrastructure with SGX chip isolation technology, Fireblocks effectively secures digital assets from potential hacks, internal collusion, and human error.

“As early adopters of MPC-based technology in Asia, FDT is setting a new standard for digital asset security, compliance, and operational excellence. As a pioneer of digital asset custody in Asia, we’re thrilled to have FDT on the Fireblocks Network, which directly connects the largest institutional players in Europe and the Americas to one of the largest online investment communities in Asia.”
– Michael Shaulov, CEO of Fireblocks

Fireblocks’ platform allows financial institutions to securely execute their trading strategies and operate 24/7, all from one platform. By joining the Fireblocks Network, FDT will also be able to provide access to defi, lending, and staking, as well as 200+ trading venues and 300+ tokens, enabling them to expand their revenue streams from day one.

First Digital Trust is the pioneer of digital asset custody in Asia, launching Asia’s first instant settlement network in 2020 for institutional investors to trade assets seamlessly across the region. The team provides trust and custody solutions for exchanges, OTC desks, investment firms, hedge funds, and other professional industry participants. FDT is the digital spinoff of Legacy Trust, Asia’s leading license and Public Registered Trust Company.

115
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin
Source: 1stdigital.com

Related News

Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny

08/02/2022
Crypto custody platform Fireblocks integrates security token issuance solution from Tokeny

Fireblocks, a provider of blockchain asset and crypto custody technology, today announced it has integrated Tokeny into its platform. The integration will enable clients of Fireblocks the ability to mint and manage permissioned tokens...

Read more

Crypto tech platform Fireblocks unveils new ‘Web3 Engine’ with suite of developer tools

05/17/2022
Crypto tech platform Fireblocks unveils new 'Web3 Engine' with suite of developer tools

Fireblocks, a blockchain infrastructure & crypto tech provider, announced today the launch of a new, dedicated 'Web3 Engine' with a suite of tools for developers to build DeFi, GameFi, and NFT products. Also, Fireblocks’...

Read more

XDC Network integrated into crypto custody platform Fireblocks

03/15/2022
XDC Network integrated into crypto custody platform Fireblocks

Fireblocks, an infrastructure provider for blockchain assets, announced today it has integrated XDC Network, a hybrid blockchain protocol specializing in tokenizing trade instruments. Soon, Fireblocks’ clients that leverage its all-in-one blockchain platform to send,...

Read more

Permissioned DeFi protocol Aave Arc goes live on Fireblocks

01/05/2022
Permissioned DeFi protocol Aave Arc goes live on Fireblocks

Firebox, a software platform for custody, managing treasury operations, accessing DeFi, minting & burning tokens, and managing digital asset operations, announced that Aave Arc, a new permissioned DeFi liquidity pool for institutions, is now...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
The Best Crypto Casinos: Where Blockchain Meets Gaming Excitement

The Best Crypto Casinos: Where Blockchain Meets Gaming Excitement

12/08/2023
Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

Crypto quant trading platform AlgoTrader completes CHF 3.7M Series A funding

01/08/2020
LiquidApps releases customizable enterprise blockchain specific solution: LiquidChains

LiquidApps releases customizable enterprise blockchain specific solution: LiquidChains

02/20/2020
P2P crypto trading network AirSwap introduces on-chain limit order feature

P2P crypto trading network AirSwap introduces on-chain limit order feature

02/07/2020
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy