Fireblocks Expands Global Custody with Revolutionary Crypto Custodians!

Key Points:

• Fireblocks adds Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar to enhance local third-party crypto custody options in key jurisdictions.
• Fireblocks’ application for a New York Trust Company aims to meet the needs of US customers once approved.
• Plans include targeting regions like the European Union and Latin America to simplify and secure digital asset management for institutions.

Fireblocks announced on Thursday that it added five companies to its roster of global custody partners.

Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar are the newly listed partners. This would extend the variety of local third-party crypto custody arrangements for institutions using Fireblocks’ technology in places like the United Kingdom, Australia, Singapore, the United Arab Emirates, and Japan.

The global custody program at Fireblocks aims to save strong, secure custody solutions tailored and diverse to suit crypto institutions’ needs globally. Through partnerships with custodians of good reputations, like Zodiac Custody and Komainu, Fireblocks built out its capability for clients to locally manage their digital assets securely under the umbrella of the local regulatory apparatus.

Read more: German Government Bitcoin Available Now Less Than $1 Billion Left to Sell

US Expansion with New York Trust Application

In addition to expanding its global custody footprint, Fireblocks recently announced that it had applied for a New York Trust Company. Once approved, this will help Fireblocks meet the special needs of its US customers by delivering secure and compliant global custody solutions.

The Fireblocks Partner Program is concerned not only with security but also with simplifying the whole process of digital asset financial management for customers. Fast and efficient transactions in digital assets and dynamic workflow support—these join the list of features to help institutions navigate the intricacies of managing digital assets.