Institutional Asset Manager Enlists Fireblocks To Help With Crypto Security

FIS’ interest in expanding its digital asset offerings comes as institutional investors and asset managers are taking a closer look at crypto




key takeaways

  • FIS clients will now use Fireblocks’ platform for crypto trading and investment exposure
  • Fireblocks hit a valuation of $8 billion earlier this year

Payment giant Fidelity National Information Services (FIS) Wednesday partnered with cryptocurrency custody firm Fireblocks to provide an institutional solution for safeguarding digital assets.

FIS’ capital markets clients will now move, store and issue digital assets through Fireblocks’ services and wallet platform. FIS clients will also be able to access stacking and lending tools, DeFi assets and “other more advanced forms of digital asset exposure,” the companies said in a statement.

“As digital currencies become more mainstream, capital markets firms will greatly benefit from a single destination that helps them manage many classes of digital assets,” Nasser Khodri, head of capital markets at FIS, said. “This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.”

The move comes shortly after Fireblocks hit a valuation of more than $8 billion, following a $550 million Series E funding round in January. Fireblocks’ investors include Fidelity-backed venture capital firms Eight Roads and MState. 

It is “inevitable that every business will need to work with crypto or digital assets,” Fireblocks CEO Michael Shaulov told Blockworks at the time.

FIS’ interest in expanding its digital asset offerings comes as more institutional investors and asset managers are starting to take a closer look at the industry. The vast majority — 84% — of American and European big-money investors are interested in investment vehicles with exposure to digital assets, according to Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study.

“Data continues to show institutional investors expect the digital assets industry to more closely mirror that of other asset classes – whether that’s multiple product types covering a variety of investment strategies or the ability to access digital asset investments through traditional financial firms,” Peter Jubber, a managing director at Fidelity Digital Funds, said.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the On the Margin newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Templates.png


ZKPs enable efficient offchain transaction processing and validation, resulting in increased throughput and reduced fees. Solana's ZK Compression leverages ZKPs to minimize onchain storage costs, while Sui's zkLogin streamlines user onboarding by replacing complex key management with familiar OAuth credentials.


The crypto asset manager lowered its planned fee from 0.25% to 0.15%, undercutting its competitors


Plus, a look at planned ETH ETF fees and how they differ from their BTC counterparts


North Korea suspected in breach of Indian exchange’s multisig wallet


Plus, Sanctum’s CLOUD token has officially launched — but not without problems


It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.