Fireblocks Integrates with Tokeny to Offer a Solution for Security Tokens on Ethereum and Polygon

Fireblocks, the award-winning provider of digital asset and crypto custody technology, announced that it has integrated Tokeny to its platform. The integration will enable Fireblocks customers with the ability to mint and manage permissioned tokens such as digital securities, stablecoins and loyalty programs across retail trading apps, neobanks, payment networks, and more.

Together with Tokeny, Fireblocks will provide a secure and compliant turnkey solution for companies and financial institutions to issue, manage, custody and transfer tokenized securities.

Luc Falempin, CEO at Tokeny said, "Banks, asset managers and funds servicers are hiring to complete their blockchain teams. They will focus on business use cases first and will need a proven enterprise-grade technology provider to launch quickly and without risk. With this collaboration, we intend to answer the ‘buy or build” question for most financial institutions that are upgrading their assets and bringing them on-chain. By applying trust, compliance, and control on a hyper-efficient infrastructure, we will be able to unlock significant advancements in the management and liquidity of new financial instruments."

A recent article from State Street predicts that institutional demand for tokenization has gained traction as “all financial markets will have to digitize their processes and tokenize their assets to remain relevant.”