back Back

Fireblocks partnered with Bankhaus von der Heydt

By Joy Dumasia

October 08, 2021

  • Asset Management
  • Bafin
  • Bankhaus von der Heydt

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.

Previous Article

October 08, 2021

EMTECH and Hedera Hashgraph join forces for highly performant, trusted and energy efficient Central Bank Blockchain infrastructure

Read More
Next Article

October 08, 2021 launches B2B BNPL to help Indonesians SMEs ramp up

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024

Asset Management

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 27, 2024

Moomoo expands footprint in Malaysia with Investment Super App

Read More

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 21, 2024

Boom launches Blockchain-based payments platform in Africa

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023