Fireblocks, the global leader in digital asset custody and settlement technology, announced today that it has been selected, banking house von der Heydt to support, a Germany-based private bank that offers traditional and digital asset banking, securitization and fund services. The bank will use the advanced custody technology of Fireblocks in combination with the Fireblocks Network to expand the offering of digital assets and crypto services to its customers.
“Fireblocks offers us a secure and easy-to-use platform for developing complex operational workflows, such as switching between asset trading and custody, using assets in custody or even direct integration with credit protocols to expand our service portfolio,” says Philipp Doppelhammer , Managing Director of Bankhaus von der Heydt . “With Fireblocks we are one step further on the way to becoming a one-stop shop for our customers.”
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Bankhaus von der Heydt, founded in 1754, is one of the first banks in Germany to offer blockchain services such as trading in crypto currencies and custody services for financial institutions. The product range includes the safe custody of crypto assets, solutions for tokenization, efficient payment transactions and offers regulatory secure market access. As a German financial institution that is subject to the supervision of BaFin, von der Heydt must guarantee the highest possible level of security when handling and storing assets.
The Munich-based bank von der Heydt has integrated the Fireblocks platform as a key component in its solution for the custody of digital assets in order to increase operational efficiency and security, in particular by using the MPC and SGX infrastructure of Fireblocks with its own security mechanisms combined. Fireblocks provided all relevant blockchain protocols as well as exchanges and a simple API integration into the bank’s existing IT architecture.
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“The support of Bankhaus von der Heydt is another important milestone in our mission to close the gap between digital asset banking and traditional finance,” says Michael Shaulov, CEO of Fireblocks . ” Has been a pioneer in Germany for over 250 years Bankhaus von der Heydt as a reliable partner for innovative financial market solutions and we are proud to revolutionize the financial sector together with you and to work on bringing every single banking service safely into the blockchain space. ”
Fireblocks now supports many of the world’s largest banks such as BNY Mellon, Signature Bank and Siam Commercial Bank as well as leading crypto exchanges, lending desks, hedge funds, OTC desks and market makers and is a reliable partner for financial institutions and other organizations worldwide that want secure want to get into the digital asset space.
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