FIS Teams use Fireblocks to accelerate Crypto Adoption

Today, financial technology is a leader FIS® (NYSE: FIS) announced it has teamed with Fireblocks. This initiative will accelerate crypto adoption in capital markets by allowing all types of businesses to have access to the most popular crypto trading venues, liquidity providers as well lending desks and Decentralized Finance (DeFi) applications.

Recent research found that 69% of U.S. institutional investors would like to include digital assets in their portfolio.

FIS capital markets clients have the ability to store, move and issue digital assets through Fireblocks. Clients can also access self-custody wallet technology, asset transfer networks, and tools for accessing staking, DeFi, and other advanced forms digital asset exposure.

“As digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many classes of digital assets,” Nasser Khodri is Head of Capital Markets at FIS. “This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.”

“The strategic partnership with FIS will bring the Fireblocks technology to nearly every type of buy-side, sell-side and corporate institution in traditional assets,” Michael Shaulov is Chief Executive Officer of Fireblocks. “Together, we will enable a quick way for existing and prospective FIS clients to onboard their digital asset operations and begin tapping into these fast-growing markets.”

FIS continues expanding its range of crypto and digital asset offerings to clients in multiple markets. These include card-to-crypto, and money movement services for the top five cryptocurrency exchanges. Recently, FIS announced new capabilities for crypto regulation.

 

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