Crypto Service Provider Adds Amazon Web Service, Google Cloud

Paigambar Mohan Raj
Source: Swisscom Ventures

According to an official announcement, Fireblocks, a crypto infrastructure provider has added support for Amazon Web Services (AWS), and Google Cloud Platform. The firm has also added support for Alibaba Cloud, Thales, and Securosus.

The development is a part of Fireblocks’ commitment to increasing the number of enterprises that use its services. According to a spokesperson, banks with on-premise and cloud-based IT infrastructure is another target market for the company.

With the latest additions, the enterprise platform now accounted for most of the market share in the cloud sector. Fireblocks has helped over 50 firms transition into the crypto and digital asset industry. These firms include BNY Mellon, BNP Paribas, and the Australian bank ANZ Bank. Robinhood and the fintech business Revolut are also clients of Fireblocks.

How does the crypto infrastructure provider help firms with digital assets?

Fireblocks has helped firms in building digital asset custody, trading, clearing, and settlement services, and tokenization of financial products, among other things.

By utilizing crucial elements of the Fireblocks platform, banks, and other financial institutions can successfully implement its digital asset solutions. The Fireblocks Network links the biggest group of regulated financial institutions that have adopted digital assets on the blockchain. Moreover, the network serves as the ecosystem’s structural backbone. Additionally, by connecting them to exchanges, market makers, and other distribution partners like private banks or fintech platforms, Fireblocks Network enables businesses to quickly implement their business strategies.

Companies such as Amazon and Google clearly realize that they will need to adapt to the changing demographic of the future. With Blackrock, the world’s largest asset manager, showing interest in crypto, it would not be surprising to see major companies change their perspective about the emerging asset class as well.

In December 2022, Fireblocks secured a Cryptocurrency Security Standard (CCSS). It is a first-of-its-kind certification created as a security standard for cryptocurrency wallets and custody.