Fireblocks’ digital asset infrastructure and Chainlink provide an end-to-end technology solution for financial institutions looking to issue and trade regulated stablecoins, establishing a new industry standard for stablecoin issuance. Masu.
Chainlink, the primary developer of Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, and Chainlink, the essential infrastructure for the tokenized asset economy Labs announces a strategic partnership to deliver secure and compliant technology solutions. It allows banks and financial institutions to issue and trade stablecoins across global financial markets. Earlier this year, Wenia, part of Bancolombia Group, used both Fireblocks and Chainlink services to launch the COPW stablecoin.
The newly packaged technology solution will support end-to-end tokenization capabilities for stablecoin issuers.
Issuance: Securely mint, store, distribute, and manage tokenized assets, including stablecoins, through a tokenization engine. Data synchronization: Validate stablecoin collateral on-chain using proof of reserves to increase transparency and guarantee the value of stablecoins in circulation. Data connectivity and enrichment: Real-time, market-wide price tracking of assets represented on-chain, leveraging highly secure oracle infrastructure. Compliance: A customizable suite of KYT/AML and Travel Rule compliance components for customers dealing with complex regulations in stablecoin use cases such as cross-border transactions. Custody: Securely store and manage your digital assets through Direct Custody Wallets-as-a-Service. It offers proven Multi-Party Computation (MPC) warm and cold wallets, governance policies, and robust APIs that support over 80 blockchains. Interoperability: Transfer data and value between public or private blockchains using industry-standard cross-chain infrastructure. Liquidity and Distribution: Direct connection and distribution to crypto capital markets via the industry’s largest digital asset network with over 2,000 trading institutions.
This integrated service provides issuing agents with a single, comprehensive, real-time view of stablecoins, reserves, market value, and total supply across various blockchains. This is a level of insight not currently available in today’s market and defines a new standard. Industry best practices.
“Chainlink and Fireblocks offer a powerful suite of technology services that, together, can accelerate market growth for all forms of tokenized money, including stablecoins.”Chainlink Labs said Angie Walker, Global Head of Banking and Capital Markets. “This not only provides stablecoin users with real-time visibility of asset reserves, but also increases the utility of stablecoins as a secure means of payment and institutional trading in the digital asset market. We plan to empower stablecoin issuers by providing secure, smart and scalable solutions that meet high standards for both institutional and individual customers. Masu. ”
“As the regulatory framework for tokenized money continues to evolve, the potential for the use of institutionally regulated stablecoins is expanding,” said Stephen Richard, Managing Director of Financial Markets at Fireblocks. Mr. Song said. “Stablecoins are driving innovation in financial markets, and issuers need a comprehensive solution that provides full visibility, including multiple chains, from reserves to issuance, distribution, custody, and compliance. By working with Chainlink, we are uniquely positioned to meet the critical market need for large-scale adoption of stablecoins.”
“It’s great to see Fireblocks and Chainlink, two of COPW’s founding partners, working together to further enhance the usability of regulated stablecoins,” said Pablo, CEO of Bancolombia group company Wenia.・Mr. Arboleda stated. “By combining top-tier technology solutions with secure and reliable infrastructure, we are creating a win-win for the industry and advancing the adoption of digital assets in a more comprehensive, efficient and accessible manner. .”
Source: Chainlink Labs
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