FIS Taps Fireblocks to Promote Crypto Adoption Within the Capital Market Industry

American multinational Fortune 500 corporation, Fidelity National Information Servcs Inc (FIS) has tapped Fireblocks as its partner as it seeks to bring the cryptocurrency industry closer to investors in the capital market industry. As announced by the firm, investors within its network will be able to harness Fireblocks’ infrastructure to gain exposure to digital assets investing.

The companies will provide enterprise-grade digital asset investing and wallet technology, lending, and decentralized finance (DeFi) to FIS capital market clients. Additionally, capital markets buy-side, sell-side, and institutions can now access the top exchanges with the best liquidity, as well as access to lending desks in the growing crypto ecosystem.

“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,” said Nasser Khodri, Head of Capital Markets at FIS. “This exciting new agreement is a proof point of our commitment to invest in growing our digital asset capabilities for our global client base.”

FIS and Fireblocks are Creating Avenues for Demand to be Met

The partnership between the New York Stock Exchange-listed company and Fireblocks is a testament to the growing interest amongst traditional investors to gain access to the still-nascent crypto ecosystem. FIS in its characteristic manner is just stepping ahead of the curve in creating an avenue for this demand to be effected.

“The strategic partnership with FIS will bring the Fireblocks technology to nearly every type of buy-side, sell-side, and corporate institution in traditional assets,” said Michael Shaulov, Chief Executive Officer at Fireblocks. “Together, we will enable a quick way for existing and prospective FIS clients to onboard their digital asset operations and begin tapping into these fast-growing markets.”

There is no denying that the digital currency ecosystem is making a lot of waves as it crossed a $3 trillion industry last year. Regulators around the world are no longer seeing the technologies backing this industry as intrusive and from El Salvador to Ukraine, governments are now beginning to create avenues by which transactions involving digital currencies can become legalized.

Entities like FIS and Fireblocks believe the future of finance will be powered by digital currencies, and are duly pioneering the trend that will potentially dominate in the near future.