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Fireblocks announces European expansion, Counsel appointee

By Robin Amlot

October 27, 2020

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Fireblocks has reported that institutions have now transferred more than $150bn in digital assets through its enterprise-grade platform. Customers include exchanges, lending desks, banks, OTC desks, liquidity providers and hedge funds. In response to this rising usage, Fireblocks said it plans to expand its operations in Europe beyond London and will be adding two new offices in France and Germany.

The company has also appointed Jason P. Allegrante as its first Head Regulatory Counsel and Global Chief Compliance Officer. Allegrante brings over a decade of experience advising on global regulatory issues and will be responsible for supporting the Fireblocks team across a broad portfolio of legal, regulatory and compliance matters.  Prior to joining Fireblocks, he held senior in-house legal positions at FinTech startups, practiced law at the firms Davis Polk & Wardwell and Linklaters LLP, and served in the Financial Institution Supervision Group of the Federal Reserve Bank of New York.

“The EU region is seeing increased interest from institutions as new regulatory clarity provides a framework for how to operate in the digital asset space,” said Michael Shaulov, CEO of Fireblocks. “We are excited to expand our footprint in the region to help our customers launch product offerings for digital asset support and provide the tools that will steward this next phase of growth, innovation and adoption.”

Fireblocks inaugurated its entry into Europe with FinTech leaders, Revolut, B2C2 and AMDAX, the first digital asset exchange registered with the central bank of the Netherlands, alongside more than 20 institutional customers utilising Firebocks’ next-generation wallet technology, providing the secure rails and wallet infrastructure allowing them to introduce creative products and services, generate  new revenue streams and help introduce real-time global payments and other innovations to modernise payments services.

“We checked a lot of custodian solutions on the market, and by far the best one for us was Fireblocks,” said Melvin Lazeron, Co-Founder & Director of AMDAX. “Their solution not only has cutting-edge tech with its MPC technology (enabling more client flexibility and control), but it also greatly decreases our administrational burden and vastly increases our settlement speed. On top of all of that, Fireblocks enables us to offer the most comprehensive digital asset insurance to our clients. This gives our clients a much better and safer experience and results in a more mature market.”

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