Zug, Switzerland, May 7, 2024 /CNW/ — FinchTrade, Swiss liquidity provider cryptocurrency is proud to announce our integration with Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain. This strategic partnership strengthens FinchTrade's service offerings, complies with industry regulations, and expands asset custody capabilities.
Our collaboration with Fireblocks has introduced several important enhancements to FinchTrade's operational framework.
1. Corporate compliance: Fireblocks’ institutional-grade technology allows FinchTrade to generate unique blockchain addresses for each client. This is an important feature for compliance with the Travel Rule, which requires the collection and sharing of transaction information for AML purposes.
2. Advantages of direct custody: Fireblocks provides a concrete implementation of self-custody, providing a zero counterparty risk environment with multiple layers of security. This means funds are never held in an omnibus account or commingled with other customer funds, eliminating the risks associated with traditional financial custodians. This approach increases the security of customer assets under FinchTrade's management.
3. Expanded product content: With Fireblocks, FinchTrade can now offer individual client wallets and expand its services to: cryptocurrency Storage of assets. This enhancement enables clients to store assets and perform conversions between assets. cryptocurrency All can be done from within your FinchTrade account, without the need for any external third-party services.
Four. Network integration: By joining the Fireblocks Network, FinchTrade connects directly to a global network of over 1,800 trusted financial institutions, liquidity partners, trading venues, and counterparties for secure transfers and payments.
“Working with Fireblocks is a game-changer. It strengthens our commitment to IT security and enables us to offer a diverse portfolio of services.” Said Yuri BergDirector of Finch Trade.
“We are pleased to work with FinchTrade to enhance the connectivity and security of their trading platform to meet the needs of our customers. This partnership recognizes both companies' mutual dedication to industry-leading security and operational efficiency. We look forward to our continued efforts in moving the digital asset space forward together. ” Said stephen richardsonManaging Director of Financial Markets at Fireblocks.
Our integration with Fireblocks puts FinchTrade at the forefront of digital asset security and compliance, ensuring we remain a trusted partner in an evolving world. cryptocurrency transaction.
About Finch Trade:
FinchTrade is a liquidity provider based in Switzerland. cryptocurrency trading solutions. FinchTrade's commitment to security, compliance and innovation provides seamless liquidity services to customers around the world.
Photo: https://mma.prnewswire.com/media/2403507/FinchTrade_Fireblocks.jpg
Logo: https://mma.prnewswire.com/media/2328998/Finch_Trade__Logo.jpg
View original content to download multimedia: https://www.prnewswire.com/apac/news-releases/secure-compliant-but-flexible-finchtrade-elevates-crypto-custody-offering- with-fireblocks-302134366.html
Source FinchTrade
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/07/c8430.html
