FinchTrade taps Fireblocks for crypto custody and connectivity

“Collaborating with Fireblocks is a game-changer. It fortifies our commitment to IT security and enables offering a diversified service portfolio.”

FinchTrade has integrated with Fireblocks to enhance its service offering as a Swiss liquidity provider in the cryptocurrency sector, aligning with industry regulations and expanding its capabilities in asset custody.

The integration with Fireblocks may well position FinchTrade at the forefront of digital asset security and compliance, ensuring that the company remains a trusted partner within the digital asset space.

Key enhancements to FinchTrade’s operational framework will include regulatory compliance, direct custody advantage, expanded product offerings, and network integration.

Greater connectivity and security for FinchTrade’s platform

Yuri Berg, Board Member of FinchTrade, said: “Collaborating with Fireblocks is a game-changer. It fortifies our commitment to IT security and enables offering a diversified service portfolio.”

Stephen Richardson, Managing Director, Financial Markets at Fireblocks, said: “We’re pleased to be working with FinchTrade to offer greater connectivity and security for their trading platform tailored to their clients’ needs. This collaboration highlights our mutual dedication to industry-leading security and operational efficiency, and we look forward to our continued efforts to advance the digital assets space together

Fireblocks’ institutional-grade technology enables FinchTrade to generate unique blockchain addresses for each client, a critical feature for Travel Rule compliance, which mandates the collection and sharing of transactional information for AML purposes.

The platform also delivers a specific implementation of self-custody, providing a zero counterparty risk environment with multiple layers of security, meaning funds are never stored in an omnibus account or commingled with any other client funds, therefore eliminating the risks associated with traditional financial custodians. This approach elevates the security of client assets under FinchTrade’s management.

With Fireblocks, FinchTrade now offers individual client wallets, expanding its services to include crypto asset custody. This enhancement allows clients to store assets, execute conversions between cryptocurrencies and fiat, and make payments — all from within their FinchTrade account, without the need for external third-party services.

By joining the Fireblocks Network, FinchTrade gains direct connectivity to a global network of over 1,800 trusted financial institutions, liquidity partners, trading venues, and counterparties for secure transfers and payments.