Fireblocks Integrates Tokeny to Offer Turnkey Digital Security Solution

Fireblocks, a digital asset services firms that provides custody solutions, has partnered with Tokeny – a top security token platform.

According to a company statement, Fireblocks aims to provide the ability for customers to mint and manage permissioned digital assets such as securities and stablecoins. The services will be made available to Fintechs like neobanks, trading apps and more. The partnership will allow Fireblocks to offer a compliant and secure solution for firms to issue, manage and manage tokenized securities.

Fireblocks adds that they intend to “answer the buy or build” question as financial services move into the digital era. By providing blockchain-enhanced solutions, firms can streamline offerings and more effectively manage assets while being compliant, explained Luc Falempin, CEO of Tokeny.

Like many industry insiders anticipate, demand for institutional tokenization will increase as firms seek to maintain relevance and remain competitive.

Tokeny notes that in 2021, more than $28 billion in assets were tokenized using Tokeny’s solutions.  Customers can issue compliant ERC-3643 security tokens on Ethereum and the Polygon blockchain.

Michael Shaulov, CEO & co-founder at Fireblocks, commented:

“As financial institutions begin to explore the world of tokenized products, we are excited to integrate Tokeny’s offerings onto our platform. Fireblocks and Tokeny share a common vision to bring the benefits of blockchain technology to the mainstream in a compliant and secure way.”

Antoni Martin, Polygon Enterprise Lead, said they are excited to provide the infrastructure with such demands for scalability:

“Impactful and innovative initiatives like this show how enterprising and ambitious Polygon technology allows builders like Fireblocks and Tokeny to be. We look forward to collaborating further and supporting this important initiative in its mission toward mainstream digital asset adoption.”

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