Fireblocks, the leading enterprise-grade platform for blockchain-based products, has witnessed a surge in global clients utilizing its infrastructure, according to Co-Founder and CEO Michael Shaulov. While more than 1,500 clients now rely on Fireblocks for their digital asset needs, approximately 30% of them consist of trading firms and asset managers involved in various cryptocurrency investments such as tokenized securities.
In a recent interview at Calcalist’s Mind the Tech conference in New York, Shaulov expressed his enthusiasm for the emerging trend of tokenized securities, noting their growing presence in the market. Additionally, he highlighted the specific adoption of tokenized money market funds, which offer investors the opportunity to invest in digital tokens backed by real treasury bills, generating a 5% yield.
Shaulov further illustrated the expanding use cases for blockchain technology, citing a notable experiment in collaboration with the Tel Aviv Stock Exchange and the Israeli Ministry of Finance. In May, Israeli bonds were issued on the blockchain, indicating the increasing adoption of blockchain for the movement and issuance of financial instruments.
Fireblocks’ robust platform provides secure and efficient solutions for moving, storing, and issuing digital assets. As more institutions embrace blockchain technology, Fireblocks stands at the forefront, catering to the needs of trading firms and asset managers seeking reliable infrastructure for their digital asset endeavors.
For a comprehensive understanding of Fireblocks’ success and Shaulov’s insights, watch the full interview in the accompanying video. As the blockchain ecosystem continues to evolve, Fireblocks remains a key player in facilitating the seamless integration of blockchain technology into the world of finance.
Fireblocks: Fireblocks is an enterprise-grade platform for blockchain-based products.
Tokenized securities: Tokenized securities are traditional financial securities that have been converted into digital tokens using blockchain technology
Cryptocurrency: Cryptocurrency is a digital or virtual form of currency that uses cryptography for security
Mind the Tech conference: Calcalist’s Mind the Tech conference is an event that focuses on technological advancements and innovation
Tokenized money market funds: Tokenized money market funds are investment products that allow investors to purchase digital tokens backed by real treasury bills
Blockchain: Blockchain is a decentralized digital ledger that records transactions across multiple computers
Tel Aviv Stock Exchange: The Tel Aviv Stock Exchange is Israel’s only public stock exchange
Israeli Ministry of Finance: The Israeli Ministry of Finance is responsible for the financial affairs of the Israeli government
Blockchain integration: The seamless integration of blockchain technology into traditional finance and other sectors
Full interview: The complete interview with Michael Shaulov can be watched in the accompanying video
For more information about Fireblocks and their services, you can visit their website: Fireblocks
To learn more about blockchain technology, you can visit: Blockchain.com
To stay up-to-date with the latest news and developments in the blockchain ecosystem, you can visit: CoinDesk
The source of the article is from the blog dk1250.com