FIS Partners With Fireblocks to Provide Crypto Trading and Defi for Institutional Clients

Fireblocks, an Israeli crypto custodian, has partnered up with FIS (the largest payments and processing company in the world) to promote crypto adoption. FIS clients now have access to a complete suite of crypto investment options, including storage, trading, and Defi.

Crypto-Institutions

According to FIS, all types of firms will have “access to the biggest crypto trading venues, liquidity providers and lending desks” according to a press release.

An announcement refers to a statistic that suggests that more than two-thirds (or more) of institutional investors would like to include digital assets within their portfolios. A recent survey of financial advisors revealed similar sentiment with 72% of respondents expressing interest in crypto investments if a US spot ETF was approved.

Michael Saylor and Kevin O’Leary, both investors, have repeatedly stressed the regulatory hurdles that institutions must overcome in order to gain access to crypto markets. These obstacles range from inconsistency around government policy to internal company restrictions that limit investment in the space.

FIS will use Fireblocks to allow its corporate clients to move, store and issue crypto assets. There will be networks for asset transfer, crypto-staking, lending and Defi.

“Digital currencies are becoming more mainstream. Capital markets firms will greatly profit from a single destination which helps them manage multiple classes of digital assets,” stated Nasser Khodri (Head of Capital Markets at FIS). “This new exciting agreement is a sign of our commitment to investing in expanding our digital asset capabilities for global clients.”

Michael Shaulov is Chief Executive Officer of Fireblocks. He explained that their partnership allows them to offer their product to “nearly all types” of corporate institutions in traditional assets.

Massive Partnership

FIS claims that half of the world’s wealth is managed by the company through its systems. FIS offers money movement services such as card-to-crypto for four of the five top cryptocurrency exchanges.

Fireblocks has experienced tremendous growth. In January, the company was valued at $8Billion and First Digital was purchased for $100M.

The institution is also a popular choice with former financial officials. Jay Clayton, the previous Chairman of the SEC, joined the company as a regulatory advisor. The Bank of England’s top executive joined Fireblocks only days ago.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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