Fireblocks uses blockchain to move, store and issue digital assets safely

Fireblocks is a blockchain-based platform for securely moving, storing, and issuing digital assets in the finance industry. The company founded in 2018, enables banks, fintech, exchanges, liquidity providers, OTCs, and hedge funds to securely manage digital assets across a wide range of products and services.

In July, they raised US$310 million in a Series D round, boosting the company’s valuation to US$2 billion, with SCB 10X, the venture arm of Thailand’s oldest bank, the Siam Commercial Bank, as the key investor.

Singapore is positioning itself to become the Asian center for cryptocurrencies with its largest bank, DBS Group Holding pioneering the platform for trading digital tokens while offering tokenisation services. Last year, DBS set up an exchange for digital assets that provides tokenisation trading and custody services to institutional and accredited investors. DBS also sees a growing demand for cryptocurrency trading on digital exchange and is expected to see it grow by 20 to 30 percent annually for the next three years.

Also, following China’s wider crypto crackdown, crypto holders in Hong Kong are scrambling to find a way to safeguard their crypto assets.

With the potential for growth in the region, Fireblocks has set up its APAC office, headquartered in Singapore, to be at the forefront of the crypto evolution in APAC, working with crypto firms and financial institutions scale in a secure manner.

Stephen Richardson, Vice-President and Head of APAC for Fireblocks, shares insights on:

How Fireblocks enables customers to scale their product offerings amid its transformation journey
The current trends on digital asset exchange popularity and adoption in Asia Pacific
What institutions need to consider to scale their offerings in an efficient and secure manner
The need for financial institutions to enhance the security of their digital assets to build trust in the industry
The perceived risks and uncertainties in crypto, and how Fireblocks help organisations mitigate these concerns
How regulations in Asia Pacific enable financial institutions to offer digital capabilities in the region
Key success factors that attributed to the company’s rapid growth
Fireblocks plans in APAC in 2022