Fireblocks partnered with Bankhaus von der Heydt

By Joy Dumasia

Fireblocks, the global leader in digital asset custody and settlement technology, announced that it had been selected to support Bankhaus von der Heydt, a German-based, privately-owned bank offering traditional and digital asset banking, securitization and fund services. The bank will leverage Fireblocks’ advanced custody technology combined with the Fireblocks Network to expand its customer base’s digital asset and crypto service offerings. 

Bankhaus von der Heydt is one of the first banks in Germany to offer blockchain services such as cryptocurrency trading and custody services for financial institutions. Its product suite consists of secure custody of crypto assets, solutions for tokenization, efficient payment transactions and provides regulatory secure market access. While operating as a German financial institution under the supervision of BaFin, von der Heydt must ensure the highest possible level of security in the handling and safekeeping of assets. 

The Munich based Bankhaus von der Heydt integrated Fireblocks’ platform as a key component of its digital asset custody solution to increase operational efficiency and security, specifically combining Fireblocks’ MPC and SGX infrastructure with its security mechanisms. Fireblocks delivered all relevant blockchain protocols and exchanges and easy API integration into the bank’s existing IT architecture.

Michael Shaulov, CEO of Fireblocks, said: “Supporting Bankhaus von der Heydt marks another key milestone in our mission to bridge the gap between digital asset banking and traditional finance. As a pioneer in Germany for over 250 years, Bankhaus von der Heydt is seen as a trusted partner for innovative financial market solutions, and we are proud to work alongside them to revolutionize the financial sector and work towards bringing every single banking service to the blockchain space, safely.” 

IBS Intelligence reported that Fireblocks, building a transparent, efficient, and fraud-free financial system for blockchain-based assets, has announced raising $310 mn in Series D funding.