Fireblocks and Chainlink Partner to Empower Stablecoin Adoption for Banks and Financial Institutions

Fireblocks and Chainlink Labs have announced a strategic partnership to provide secure and compliant technology solutions for banks and financial institutions to issue and trade stablecoins in global financial markets. The technology solution will allow issuing entities to have comprehensive and real-time cross-chain visibility into stablecoin reserves, market value, and total supply.

"Chainlink and Fireblocks offer a powerful set of technology services, and their combination promises to accelerate the market growth of various tokenized currencies, including stablecoins," said Angie Walker, Global Head of Banking & Capital Markets at Chainlink Labs. "We expect this will not only provide stablecoin users with real-time visibility into asset reserves but also enhance the utility of stablecoins as secure payment instruments and institutional trading tools in the digital asset market. We aim to empower stablecoin issuers and meet the high standards of institutional and retail clients by providing secure, intelligent, and scalable solutions."

Stephen Richardson, Managing Director of Financial Markets at Fireblocks, commented, "As the regulatory framework around tokenized currencies continues to mature, the potential for institutional adoption of regulated stablecoins is further expanding. Stablecoins are driving financial market innovation, and issuers require a comprehensive solution that spans from reserves to issuance, distribution, custody, and compliance, while offering complete visibility and cross-chain capabilities. By collaborating with Chainlink, we are uniquely positioned in the market to meet these critical market needs for the scaled adoption of stablecoins."

Fireblocks is an enterprise platform dedicated to managing digital asset operations and building innovative businesses on the blockchain. Chainlink Labs is the primary contributor developer of Chainlink, the core infrastructure for the tokenized asset economy.