Crypto custody firm Fireblocks and FIS, the publicly-traded $62 billion fintech company, are teaming up to offer diversified crypto trading and lending services to FIS’ 6,000+ capital markets clients.
As per reports, the partnership will allow global clients to access crypto services including crypto trading venues, liquidity providers, lending desks, and decentralized finance (DeFi) applications.
Clients can also move, store and issue digital assets, and gain access to self-custody digital asset wallet technology, thanks to the deal.
“Globally, we are making it really easy for our client base to procure and take advantage of the Fireblocks platform,” says John Avery, FIS’s Global Product Head for Crypto and Digital Assets.
Thus, from today onwards FIS’ clients will have access to Fireblocks’ offerings, starting with its 1,000+ partners included in its ecosystem that allows secure, fast and cheap transfers across the world 24/7/365.
However, what is really exciting about this partnership is that capital markets participants can now have methods of earning passive income on holdings such as lending and staking.
Nowadays, even financial institutions are inching towards crypto given the authenticity of customers is very well verified. The latest example of this being Fireblocks’ whitelisting 30 institutions to provide their services on Aave Arc.
