Fireblocks Welcomes Initial Group of Crypto Custody Companies to its Global Custodian Initiative

Fireblocks, a leading crypto custody firm, is expanding its global reach with the addition of new custodian partners across various jurisdictions. The company announced that it has named Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar as the latest firms to join its Global Custodian Partner Program.

This program provides institutions that use Fireblocks technology with access to secure third-party custodian options in key locations such as the U.K., Australia, Singapore, the UAE, and Japan. The goal is to make it easier for these institutions to safely store their digital assets while also ensuring compliance with local regulations.

According to Fireblocks, the demand for custodial solutions in the crypto industry is growing as more institutions look for secure ways to manage their digital assets. The partner program aims to streamline the process of digital asset treasury management and offer quick and efficient digital asset transactions.

In addition to its existing partnerships in key jurisdictions, Fireblocks is planning to expand its custodian network to cover more regions, including the European Union and Latin America. Adam Levine, SVP of corporate development at Fireblocks, explained that the company is open to adding more custodians in each jurisdiction to provide clients with a wide range of options.

“We don’t have a maximum number of custodians per jurisdiction,” Levine said in an interview. “Just like our connectivity to crypto exchanges, having a diverse range of options is important for our clients. We have seen the benefits of working with multiple exchanges, and we plan to apply the same approach to our custodian network.”

One of Fireblocks’ recent initiatives includes the launch of a New York Trust company application, which is aimed at catering to U.S. clients once it gets approval. This move is part of the company’s strategy to offer localized solutions to its clients in different regions.

As the crypto industry continues to evolve, the need for secure and reliable custodial solutions becomes increasingly important. By expanding its network of custodian partners, Fireblocks is aiming to meet the growing demand from institutions seeking to securely store their digital assets.

With the addition of Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar to its Global Custodian Partner Program, Fireblocks is strengthening its position as a trusted provider of crypto custody solutions. The company’s focus on expanding its reach to new jurisdictions highlights its commitment to offering innovative and secure solutions to its clients around the world.