Fireblocks technology will be integrated into GATENet’s Digital Financial Market Infrastructure (FMI) for greater operational efficiency in the movement of assets.
27 September 2022, GATENet and Fireblocks today announced the integration of Fireblocks’ award-winning digital asset and crypto technology to become an integral element of the GATENet Digital FMI.
GATENet combines traditional capital market experience, fintech innovations and a growing network of partners to build a unique model for the trading and settlement of digital securities (equity, debt and funds) and digital assets (cryptocurrencies and NFTs). GATENet is delivering on-chain financial market, settlement and registry solutions to reduce costs and increase efficiencies for all issuers, investors and market participants everywhere.
Fireblocks technology will allow greater management and direct custody of digital assets across multiple chains, a key feature in the phased roll-out of GATENet’s technology suite. Mark Mariampillai, CEO of GATENet commented on the news stating:
“We see some great synergies between Fireblocks and GATENet to build a world leading institutional grade platform that provides end users, from both the traditional and digital industries to utilise an on-chain financial market. Fireblocks holds the same vision of increasing efficiencies in markets while reducing costs and mitigating counterparty risk, which is a perfect fit for GATENet’s own ambitions. We look forward to working with Fireblocks in this endeavour toward blockchain powered finance.”
Fireblocks is an easy to use digital asset security platform that helps financial institutions protect digital assets from theft or hackers by using breakthrough MPC and patent-pending chip isolation technology to secure private keys, API credentials and eliminate the need for deposit addresses. Fireblocks SVP of Financial Markets, Stephen Richardson, commented on announcement:
“It’s amazing to see projects like GATENet, that seek to build a groundbreaking infrastructure to transform the capital markets, utilising the powerful solutions presented by Fireblocks. Our multi-blockchain support capabilities fit well with the vision of GATENet’s multi-chain approach to securities settlement. Fireblocks software will allow GATENet to control huge swathes of their operation in an efficient and cost effective manner. We are excited to bring in another partner to the ever growing list of Fireblocks partners”
GATENet addresses the legacy issues inherent in the current Financial Market Infrastructure (FMI)delivering a multi-chain network of protocols that will enhance the global clearing and settlement of securities through a new Digital FMI. We create efficiencies that remove the barriers to entry for those seeking to raise capital, reduce the trade life cycle costs, eliminating counterparty risk whilst building new interoperability for exchanges, institutions and investors across the world.
We work with key partners in multiple jurisdictions to collectively establish a network of digital securities exchanges, powered by GATENet, to produce a frictionless marketplace and inclusive financial system.
Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks enables exchanges, lending desks, custodians, banks, trading desks, and hedge funds to securely scale digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves over 1,500 financial institutions, has secured the transfer of over $3 trillion in digital assets and has a unique insurance policy that covers assets in storage & transit. Some of the biggest trading desks have switched to Fireblocks because it’s the only solution that CISOs and Ops Teams both love. For more information, please visit www.fireblocks.com.