Many industries are experiencing rapid growth thanks to the seemingly overnight advancement of new technologies. Artificial intelligence, for example, has swiftly gone from a vague possibility to being a major component in numerous digital systems and processes. Another technology that has somewhat snuck up on us is blockchain.
Imperium Markets has completed Australia’s first atomic settlement, or the instantaneous swapping of an asset for payment, with the eAUD – issued as central bank digital currency by the Reserve Bank of Australia. Utilizing Fireblocks’ battle-tested tokenization technology, Imperium Markets’ pilot saw two major banks – Westpac and Commonwealth Bank – successfully issue and invest in certificates of deposit.
In the pursuit of advancing security and transparency in the digital asset industry, Fireblocks has published our MPC-CMP code as open source under a limited license, along with the rest of our MPC library. As the demand for digital asset custody, tokenization, and Web3 among retail and financial institutions continues to rise, Fireblocks MPC-CMP has proven to be the most secure and reliable key management protocol.
Today, Estonian crypto platform, Kriptomat, launches its new Kriptomat GameFi Web3 Wallet for over 400,000 non-crypto native users to access Web3 games. The new offering was built using Fireblocks Web3 Wallet Link. Web3 games have yet to tap into the massive $120 billion mobile gaming market due to the intimidating and complex user experience.
Today, Brazilian-based Nubank, announced they are integrating Fireblocks into Nubank Cripto, the company’s in-app solution for buying and selling cryptocurrencies. With over 80 million customers across Brazil, Mexico, and Colombia, the world’s largest neobank leverages proprietary technologies to empower individuals and SMEs to foster financial access across Latin America.
Fireblocks will now offer flexible deployment models that aim to enable banks and financial institutions to leverage our industry-leading security and technology stack to quickly bring your digital asset initiatives into production while meeting your IT risk, compliance, and regulatory requirements. We are expanding our highly secure MPC-CMP wallet and key management technology to include: We will be hosting a webinar on July 19th at 10am EST to discuss our roadmap for financial institutions.
While cryptocurrencies have been celebrated for their potential to revolutionize finance, their anonymous nature has also been exploited for illicit activities. From drug dealing and arms trafficking to funding terrorism, black market activities have thrived under the cloak of cryptocurrency's pseudonymity. According to a report by Chainalysis in 2023, around $21 billion in crypto transactions were linked to illegal activities.
More than ten years after the hack of the now-defunct Mt. Gox cryptocurrency exchange, the US Department of Justice says it has identified and charged two men it alleges stole customers' funds and the exchange's private keys. Two Russians, 43-year-old Alexey Bilyuchenko, and Aleksandr Verner, 29, are charged with conspiring to launder 647,000 Bitcoins - in a cryptocurrency heist which would have been worth approximately half a billion dollars today.
Today, Fireblocks integrates with Metamask Institutional to provide the best wallet security, portfolio management, and DeFi access for institutional investors and traders. Fireblocks users will now be able to access MMI’s extensive suite of portfolio management solutions and DeFi access to invest, trade, lend, and borrow on over 17,000 dApps. The integration will enable Fireblocks users to monitor and manage their DeFi portfolio from a single platform.
12 of the most prominent banks gathered at Tel Aviv Stock Exchange (TASE) on May 31st, 2023, to participate in Project Eden, a highly-anticipated PoC of the first digital government bond issued by the Israeli Ministry of Finance. International and domestic banks – Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, J.P.
