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FinchTrade elevates its crypto custody offering with Fireblocks

FinchTrade elevates its crypto custody offering with Fireblocks

ZUG, Swiss, May 7, 2024 /CNW/ — FinchTrade, a Swiss liquidity provider in the cryptocurrency industry, is proud to announce its integration with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain. This strategic collaboration is expected to enhance FinchTrade’s service offering, aligning with industry regulations and expanding its asset custody capabilities.

FinchTrade elevates its crypto custody offering with FireblocksFinchTrade elevates its crypto custody offering with Fireblocks

FinchTrade elevates its crypto custody offering with Fireblocks

The collaboration with Fireblocks introduces several key enhancements to FinchTrade’s operational framework:

1. Regulatory conformity : Fireblocks’ institutional-grade technology allows FinchTrade to generate unique blockchain addresses for each customer, a critical feature for compliance with Travel Rules, which mandate the collection and sharing of transactional information for anti-money laundering purposes silver.

2. Advantage of direct custody: Fireblocks features a specific implementation of self-custody, providing a counterparty risk-free environment with multiple layers of security, meaning funds are never stored in an omnibus account or mixed with other clients’ funds , thereby eliminating the risks associated with traditional financial custodians. This approach improves the security of client assets under FinchTrade management.

3. Expanded product offerings: With Fireblocks, FinchTrade now offers individual client wallets, expanding its services to include crypto conservation of assets. This enhancement allows customers to store assets, run conversions between cryptocurrencies and fiat, and make payments, all from their FinchTrade account, without the need for external third-party services.

4. Network integration: By joining the Fireblocks network, FinchTrade benefits from direct connectivity to a global network of over 1,800 trusted financial institutions, liquidity partners, trading platforms and counterparties for secure transfers and payments.

“Collaborating with Fireblocks is a game changer. This reinforces our commitment to IT security and allows us to offer a diversified portfolio of services. » said Yuri Bergmember of the board of directors of FinchTrade.

“We are pleased to work with FinchTrade to provide greater connectivity and security to their trading platform, tailored to the needs of their clients. This collaboration highlights our mutual commitment to industry-leading security and operational efficiency, and we look forward to our continued efforts. to advance the digital asset space together, “ said Stephen RichardsonManaging Director of Financial Markets at Fireblocks.

The integration with Fireblocks positions FinchTrade at the forefront of digital asset security and compliance, ensuring the company remains a trusted partner in the evolving world of cryptocurrency trade.

About FinchTrade:

FinchTrade is a Switzerland-based liquidity provider specializing in cryptocurrency business solutions. With a commitment to security, compliance and innovation, FinchTrade offers transparent liquidity services to a global clientele.

Photo: https://mma.prnewswire.com/media/2403507/FinchTrade_Fireblocks.jpg
Logo: https://mma.prnewswire.com/media/2328998/Finch_Trade__Logo.jpg

Finch Trade logo (PRNewsfoto/Finch Trade AG)Finch Trade logo (PRNewsfoto/Finch Trade AG)

Finch Trade Logo (PRNewsfoto/Finch Trade AG)

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SOURCE FinchTrade

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