Digital asset custody services Archax has integrated Fireblocks, a platform for blockchain applications and digital asset management. This partnership aims to strengthen the security of Archax’s operations and extend product offerings and market reach.
According to the press release, this collaboration enables Archax to manage its treasury operations more efficiently and leverages Fireblocks’ multi-layer security to safeguard customer funds. Archax is an FCA-regulated digital asset exchange, broker, and custodian.
By integrating Fireblocks, Archax aims to benefit from the company’s Multi-Party Computation (MPC) technology and Intel SGX. The company emphasized the importance of collaborating with technology providers to give customers broader choices.
Besides that, the integration with Fireblocks allows Archax to extend its suite of services, including crypto OTC and exchange offerings alongside supported crypto trading pairs. Archax’s custody service supports other functions such as the tokenization engine, which handles money market funds and Real World Assets, and the exchange platform, which offers trading in both crypto pairs and regulated digital securities.
Archax’s partnerships extend beyond Fireblocks. The company has collaborated with Metaco, now Ripple Custody, to enhance its custody capabilities further.
Expect ongoing updates as this story evolves.