Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and Chainlink Labs, the primary contributing developer of Chainlink—the essential infrastructure for the tokenized asset economy—announced a strategic collaboration to offer a secure and compliant technology solution for banks and financial institutions to issue and transact “with stablecoins across global financial markets.”
Earlier this year, Wenia, part of the Bancolombia Group, “used both Fireblocks and Chainlink services for its COPW stablecoin launch.”
This integrated offering will give issuing agents “a single, comprehensive, real-time view of stablecoins, reserves, market value and total supply, including across different blockchains.”
This integrated offering will give issuing agents “a single, comprehensive, real-time view of stablecoins, reserves, market value and total supply, including across different blockchains.”
The newly-packaged technology solution plans to “support end-to-end tokenization capabilities for stablecoin issuers:”
Issuance: securely mint, custody, distribute, and “manage tokenized assets—including stablecoins—via a tokenization engine.”
Data synchronization: verify stablecoin collateral onchain “with proof of reserves for enhanced transparency and to help guarantee the value of stablecoins in circulation.”
Data connectivity and enrichment: real-time, market-wide price tracking “for assets represented onchain, powered by hyper-secure oracle infrastructure.”
Compliance: a customizable suite of KYT/AML and Travel Rule Compliance components for customers “navigating the regulatory complexities of stablecoin use cases such as cross-border transactions.”
Custody: securely custody and manage digital assets “through Direct Custody Wallets-as-a-Service, which provides battle-tested multi-party computation (MPC) warm and cold wallets, governance policies, and robust APIs, with support for over 80 blockchains.”
Interoperability: transfer data and value “across public or private blockchains with industry-standard cross-chain infrastructure.”
Liquidity and distribution: direct connectivity to, and distribution in, the crypto capital markets “via the industry’s largest digital asset network with over 2,000 institutional counterparties.”
This integrated offering will give issuing agents “a single, comprehensive, real-time view of stablecoins, reserves, market value and total supply, including across different blockchains—a level of insight that is not currently available in today’s market, defining a new standard for industry best practices.”
