Fireblocks’ digital asset infrastructure and Chainlink will provide an end-to-end technology solution for financial institutions looking to issue and transact regulated stablecoins, setting a new industry standard for stablecoin issuance
Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, and Chainlink Labs, the primary contributing developer of Chainlink—the essential infrastructure for the tokenized asset economy—announced today a strategic collaboration to offer a secure and compliant technology solution for banks and financial institutions to issue and transact with stablecoins across global financial markets. Earlier this year, Wenia, part of the Bancolombia Group, used both Fireblocks and Chainlink services for its COPW stablecoin launch.
The newly-packaged technology solution plans to support end-to-end tokenization capabilities for stablecoin issuers:
- Issuance: securely mint, custody, distribute, and manage tokenized assets—including stablecoins—via a tokenization engine.
- Data synchronization: verify stablecoin collateral onchain with proof of reserves for enhanced transparency and to help guarantee the value of stablecoins in circulation.
- Data connectivity and enrichment: real-time, market-wide price tracking for assets represented onchain, powered by hyper-secure oracle infrastructure.
- Compliance: a customizable suite of KYT/AML and Travel Rule Compliance components for customers navigating the regulatory complexities of stablecoin use cases such as cross-border transactions.
- Custody: securely custody and manage digital assets through Direct Custody Wallets-as-a-Service, which provides battle-tested multi-party computation (MPC) warm and cold wallets, governance policies, and robust APIs, with support for over 80 blockchains.
- Interoperability: transfer data and value across public or private blockchains with industry-standard cross-chain infrastructure.
- Liquidity and distribution: direct connectivity to, and distribution in, the crypto capital markets via the industry’s largest digital asset network with over 2,000 institutional counterparties.
Read More : AI’s Impact on Emerging Risk Management Trends
This integrated offering will give issuing agents a single, comprehensive, real-time view of stablecoins, reserves, market value and total supply, including across different blockchains —a level of insight that is not currently available in today’s market, defining a new standard for industry best-practices.
“Chainlink and Fireblocks offer a powerful suite of technology services that, when combined, are poised to accelerate market growth for all forms of tokenized money, such as stablecoins,” said Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs. “We expect this will not only provide stablecoin users with real-time visibility into asset reserves but also elevate the utility of the stablecoin as a secure payment vehicle and institutional trading instrument in digital asset markets. We plan to empower stablecoin issuers by offering a secure, smart, and scalable solution that meets the high standards for institutional and retail customers alike.”
“As regulatory frameworks around tokenized money continue to evolve, the potential for regulated stablecoin usage at the institutional level is expanding,” said Stephen Richardson, Managing Director, Financial Markets at Fireblocks. “Stablecoins are driving innovation in financial markets, and issuers need a comprehensive solution—from reserves to issuance, distribution, custody, and compliance—that offers full visibility, including across multiple chains. By working with Chainlink, we are uniquely positioned to meet these critical market needs for large-scale stablecoin adoption.”
“It is great to see Fireblocks and Chainlink, two of our COPW launch partners, collaborate to further enhance the usability of regulated stablecoins,” said Pablo Arboleda, CEO of Wenia, a Bancolombia Group Company. “By combining top-tier technology solutions with secure and reliable infrastructure, they are creating a win-win for the industry and advancing the adoption of digital assets in a more inclusive, efficient, and accessible manner.”
Read More : Global Fintech Series Interview with Christy Johnson, Chief Product Officer at Versapay
[To share your insights with us, please write to psen@itechseries.com ]
