According to Odaily, Fireblocks and Chainlink Labs have announced a strategic partnership aimed at providing secure and compliant technological solutions for banks and financial institutions to issue and trade stablecoins in global financial markets. This collaboration will enable issuing institutions to have comprehensive and real-time cross-chain visibility of stablecoins, reserves, market value, and total supply.
Angie Walker, Head of Global Banking and Capital Markets at Chainlink Labs, stated that the combination of Chainlink and Fireblocks offers a robust set of technical services that could accelerate the market growth of various tokenized currencies, including stablecoins. Walker emphasized that this partnership is expected to provide stablecoin users with real-time visibility into asset reserves and enhance the utility of stablecoins as secure payment tools and institutional trading instruments in the digital asset market. The goal is to empower stablecoin issuers by providing secure, intelligent, and scalable solutions that meet the high standards of institutional and retail clients.
Stephen Richardson, Managing Director of Financial Markets at Fireblocks, highlighted that as regulatory frameworks around tokenized currencies continue to evolve, the potential for institutional use of regulated stablecoins is expanding. Richardson noted that stablecoins are driving financial market innovation, and issuers require a comprehensive solution that covers everything from reserves to issuance, distribution, custody, and compliance, while also offering full visibility and cross-chain capabilities. By partnering with Chainlink, Fireblocks aims to uniquely position itself to meet the critical market demands for the scaled adoption of stablecoins.
Fireblocks is an enterprise platform dedicated to managing digital asset operations and building innovative businesses on the blockchain. Chainlink Labs is the primary contributing developer to Chainlink, a core infrastructure for the tokenized asset economy.
