Crypto infrastructure company Fireblocks has expanded its MPC-CMP wallet and key management technology to offer support for cloud service providers Amazon Web Services, Google Cloud Platform, Alibaba Cloud, Thales, and Securosus. This move is expected to help banks and financial institutions bring their digital asset initiatives into production while meeting compliance and regulatory requirements. Fireblocks has already collaborated with prominent financial institutions such as BNY Mellon, BNP Paribas, ANZ Bank, NAB, ABN AMRO, BTG Pactual, Tel Aviv Stock Exchange, and SIX Digital Exchange. These institutions have leveraged Fireblocks for various use cases, including digital asset custody, trading, clearing, settlement services, and tokenization of financial products. Tel Aviv Stock Exchange’s EVP, Orly Grinfeld, highlighted Fireblocks’ contribution to their digital treasury bond initiative, enabling a quick and secure deployment. Fireblocks has experienced rapid growth, raising $550 million in January 2022 at a valuation of $8 billion. Despite this, the company had to lay off around 30 employees earlier in the year due to the decline in digital asset values.
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