**News Flash: Fireblocks Secures New York State Charter for Crypto Custody**

Fireblocks, a Web3 infrastructure provider, has received a New York state charter to custody cryptocurrency for U.S. clients, as announced on August 14. The newly established Fireblocks Trust Company, LLC, will offer cold storage custody solutions, leveraging Fireblocks' advanced technology.

This move places Fireblocks among other NYDFS-authorized crypto custodians like Coinbase Custody Trust and Fidelity Digital Asset Services. The charter allows Fireblocks to meet the growing demand for regulated digital asset custody, particularly from institutional investors.

Fireblocks' expansion into regulated custody solutions marks a significant shift from its traditional focus on user-managed wallets, aiming to create a global network of licensed digital asset custodians.