Enterprise crypto custody firm Fireblocks integrates Tokeny for token minting
Fireblocks CustodianModified Date:- Published Date:-
Enterprise crypto custody firm Fire blocks integrates Tokeny for token minting
Enterprise cryptocurrency custody firm Fire blocks is set to offer token minting services through a new integration with Ethereum-and Polygon-friendly platform Tokeny. The new feature allows businesses and retail customers to own and manage permissioned tokens, digital securities, stable coins and loyalty programs across a variety of trading applications, payment networks and digital banks.
Fire blocks and Tokeny use ERC-3643 security tokens deployed on the Ethereum and Polygon blockchains. Fire blocks provides an Enterprise cryptocurrency custody solution for transferring, storing and issuing digital assets to exchanges, lending desks, custodians, banks, trading desks and hedge funds. Fire blocks technology is used by over 1,300 financial institutions, and the company claims to have processed over $3 trillion in digital asset transfers so far.
The latest integration gives institutional-grade users the ability to manage and manage their tokens as well as manage traditional cryptocurrency portfolios. The company is considered a cryptocurrency unicorn, having raised over $500 million in the three years since its inception.
The list of corporate users includes cryptocurrency exchanges, hedge funds, market makers and over-the-counter trading desks such as BlockFi, eToro, Galaxy Digital, Celsius and Crypto.com. Fire blocks was recently valued at over$8 billion in January 2022, following a Series E fundraising round that raised its total investment to less than $800 million.
Tokeny had an eventful 2021, processing $28 billion worth of assets that were marked through its resolution. The firm's technology allows financial institutions to issue, transfer and manage cross-functional securities and tokens across the Ethereum and Polygon blockchains.
cryptocurrency ,Ethereum, Fireblocks Technology, stablecoins, Polygon Blockchains, crypto, Digital Assets