Fireblocks integration will enable FV Bank to scale and quickly enhance and add new products to its service offering.
United States, June 26, 2021 /AlexaBlockchain/ – US-based digital bank and digital asset custodian FV Bank has inked a deal with Fireblocks as infrastructure partner for its digital asset custody services.
As part of the planning, FV Bank will be leveraging Fireblocks unique MPC-based wallet and network infrastructure to support the introduction of its digital asset custody services which will seamlessly be integrated within FV Bank’s online banking for its international customers.
FV Bank is one of the few banks which has a banking license and digital asset custody licenses which will enable FV Bank to offer new services inside a vertically integrated and regulated bank service offering.
Commenting on this deMiles Paschini, CEO at FV Bank, said:
“It is very important that our offerings take advantage of the industry’s leading digital asset management infrastructure solution as we move to prove banks can compete and lead in the convergence of digital assets management and fiat based accounts. Selecting Fireblocks’ wallet infrastructure gives us a competitive edge as it will enable us to securely and rapidly deploy a groundbreaking offering from a regulated international bank. We also are committed to provide insurance over our clients assets under management, Fireblocks secure infrastructure has gained the confidence of insurers allowing us to offer a bank grade solution to the marketplace.”
FV Bank believed that leveraging Fireblocks’ MPC wallet infrastructure and being able to streamline liquidity settlements using its own proprietary FVNet in combination with the Fireblocks Network would guarantee the best possible experience for its clients.
Fireblocks integration will enable FV Bank to scale and quickly enhance and add new products to its service offering which are unprecedented in a regulated bank.
